NC
Alamance
Burlington
27217
905 N Park Road
905 N Park Road, Burlington, NC 27217
Share Listing
Listing Type
Single Family
Listing Status
under contract
5
$118,000

Home Details for 905 N Park Road

Price
$118,000
Type
Residential
Bedrooms
2
Bathrooms
1.0
Square feet
816
Year built
1995
Lot size acres
0.17
County
Alamance
Total rooms
1
Garage
Days on site
291
MLS Listing#
10072297
Property Description

This charming ranch-style home on a .18-acre lot offers great potential for rental income growth. Located just a short walk from North Park, the property features two cozy bedrooms with carpeting, a bathroom with a tub/shower combo and vinyl flooring, and a covered front porch. Currently rented at $570/month through the Graham Housing Authority on a month-to-month lease, this is well below market value and has just been approved for an increase to $925/month starting in March. The property is priced to provide a strong return, offering a CAP rate of over 7.2% based on fair market rental rates with room to increase with updates. Recent updates include a new roof installed in 2022, new HVAC system in 2023, and a new water heater in 2024. Sold AS-IS. Don't miss out on this chance to grow your cash flow in a desirable location with room for improvement.

Property Features
  • Utilities
    • Electricity Connected
    • Sewer Connected
    • Water Connected
  • Cooling Information
    • Central Air
  • Heating Information
    • Central
  • Water Features
    • Public
School Information
School Information for 905 N Park Road, Burlington, NC 27217
Elementary School
Alamance - R Homer Andrews
Middle School
Alamance - Broadview
High School
Alamance - Hugh Cummings
Listing Courtesy: Berkshire Hathaway HomeService - 919-383-4663
Triangle MLS logo Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Information Not Guaranteed. Copyright 2025 Triangle MLS, Inc. of North Carolina. All rights reserved.
Last Updated: 2025-01-27 09:17:24
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EXIT REALTY TRIANGLE
8601 Six Forks Road, Suite 400, Raleigh, NC 27615
Mikaela Rojas
License #: 315723
Franchisee
Office
919 706 7778
Agent
919 999 2568
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