111 E Horah St Salisbury, NC 28144
6
Beds
6
Baths
5,178
Sq Ft
10,019
Sq Ft Lot
Highlights
- Living Room
- Baseboard Heating
- 5-minute walk to Lincoln Park
- Four Sided Brick Exterior Elevation
- Space Heater
About This Home
As of August 2024CALLING ALL INVESTORS!! Immediate income producing property with instant equity! 6 Unit all brick building consists of 5,200 sq-ft! All units are 1BR/1BA. Next to downtown Salisbury and convenient to I-85, 4 out of 6 units are occupied. Long term tenants. All tenants are month to month and pay on time. Tenants pay all utilities except for water and each unit has its own electricity meter. Appliances convey with the sale. Seller also has two occupied rental properties nearby MLS# 4049674 and 4057224.
Cash sale AS IS. Proof of funds is necessary to schedule a showing.
Do not disturb tenants.
Last Agent to Sell the Property
Lantern Realty & Development LLC Brokerage Email: Rbendig89@gmail.com License #303589 Listed on: 07/17/2023
Last Buyer's Agent
Steve Mallory
EXP Realty LLC Mooresville License #343458
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,589
Year Built
- Built in 1920
Home Design
- Aluminum Roof
- Four Sided Brick Exterior Elevation
Interior Spaces
- 5,178 Sq Ft Home
- Living Room
- Electric Range
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Full Bathrooms
Basement
- Walk-Out Basement
- Partial Basement
- Exterior Basement Entry
- Dirt Floor
- Crawl Space
- Basement Storage
Parking
- Driveway
- On-Street Parking
Utilities
- Window Unit Cooling System
- Space Heater
- Baseboard Heating
Listing and Financial Details
- Tenant pays for all except water
- The owner pays for sewer, trash collection, water
- Assessor Parcel Number 010202
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 17, 2023
Closed on
Aug 21, 2024
Sold by
Cash Land Buyer Usa Llc
Bought by
Osceola County Council On Aging Inc
Seller's Agent
Robbie Bendig
Lantern Realty & Development LLC
Buyer's Agent
Steve Mallory
EXP Realty LLC Mooresville
List Price
$539,000
Sold Price
$272,000
Premium/Discount to List
-$267,000
-49.54%
Views
354
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,651
Avg. Annual Appreciation
54.90%
Original Mortgage
$525,000
Outstanding Balance
$521,868
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
-$115,042
Purchase Details
Listed on
Jul 17, 2023
Closed on
Aug 20, 2024
Sold by
Privilege Living Llc
Bought by
Cash Land Buyer Usa Llc
Seller's Agent
Robbie Bendig
Lantern Realty & Development LLC
Buyer's Agent
Steve Mallory
EXP Realty LLC Mooresville
List Price
$539,000
Sold Price
$272,000
Premium/Discount to List
-$267,000
-49.54%
Views
354
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Outstanding Balance
$521,868
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
-$115,042
Purchase Details
Listed on
Feb 2, 2016
Closed on
Apr 25, 2016
Sold by
Chambers Kenneth O and Chambers Brenda L
Bought by
Privilege Living Llc
Seller's Agent
Nash Isenhower
Wallace Realty
Buyer's Agent
Nash Isenhower
Wallace Realty
List Price
$134,900
Sold Price
$50,000
Premium/Discount to List
-$84,900
-62.94%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.55%
Purchase Details
Closed on
Nov 15, 2005
Sold by
Fisher Realty Inc
Bought by
Chambers Kenneth O
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
5.9%
Mortgage Type
Commercial
Similar Homes in Salisbury, NC
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $420,000 | None Listed On Document | |
| Warranty Deed | $375,000 | None Listed On Document | |
| Warranty Deed | $50,000 | None Available | |
| Warranty Deed | $110,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $525,000 | New Conventional | |
| Previous Owner | $85,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/21/2024 08/21/24 | Sold | $272,000 | -49.5% | $53 / Sq Ft |
| 07/17/2023 07/17/23 | For Sale | $539,000 | +978.0% | $104 / Sq Ft |
| 04/25/2016 04/25/16 | Sold | $50,000 | -62.9% | $10 / Sq Ft |
| 04/20/2016 04/20/16 | Pending | -- | -- | -- |
| 02/02/2016 02/02/16 | For Sale | $134,900 | -- | $26 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,589 | $467,292 | $65,600 | $401,692 |
| 2023 | $3,112 | $260,170 | $65,600 | $194,570 |
| 2022 | $2,898 | $210,418 | $57,400 | $153,018 |
| 2021 | $2,898 | $210,418 | $57,400 | $153,018 |
| 2020 | $2,898 | $210,418 | $57,400 | $153,018 |
| 2019 | $2,898 | $210,418 | $57,400 | $153,018 |
| 2018 | $2,824 | $207,869 | $57,400 | $150,469 |
| 2017 | $2,809 | $207,869 | $57,400 | $150,469 |
| 2016 | $1,384 | $105,277 | $57,400 | $47,877 |
| 2015 | $2,749 | $207,869 | $57,400 | $150,469 |
| 2014 | $1,957 | $149,722 | $69,700 | $80,022 |
Source: Public Records
Agents Affiliated with this Home
-
Robbie Bendig
Seller's Agent in 2024
Robbie Bendig
Lantern Realty & Development LLC
(704) 640-4171
6 in this area
42 Total Sales
-
S
Buyer's Agent in 2024
Steve Mallory
EXP Realty LLC Mooresville
-
Nash Isenhower
Seller's Agent in 2016
Nash Isenhower
Wallace Realty
(704) 636-2021
5 in this area
22 Total Sales
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 4049708
APN: 010-202
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