$220,000
SOLD JUL 19, 2018

127 N 1st St Spring Lake, NC 28390

-- Bed
-- Bath
-- Sq Ft
1959 Built

Recently Sold

Highlights

  • Cooling Available
  • Baseboard Heating
  • Carpet

About This Home

As of June 2024

-Excellent investment opportunity! 8-unit Multi-Family property located in Spring Lake, NC approximately 5 minutes (2 miles) from FT Bragg. Property is near a Walmart Supercenter and many other restaurants, retailers and hotels. The property consists of 2 brick 4-plexes and is 100% occupied. Each unit consist of 2 Bedrooms and 1 Bathroom. Each unit individually metered for electric and water. Tenant pay their own utilities. Property Management consist of Pin # 0501-76-1356 and 0501-76-1441.

Last Agent to Sell the Property

Tony Glasgow

RESOLUTE REALTY LLC. License #209036

Last Buyer's Agent

CLAYTON DALE

THE REAL ESTATE CONCIERGE License #297994

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1959

Flooring

  • Carpet
  • Laminate
  • Vinyl

Schools

  • Lillian Black Elementary School
  • Spring Lake Middle School
  • Pine Forest Senior High School

Utilities

  • Cooling Available
  • Baseboard Heating
  • The lake is a source of water for the property

Additional Features

  • Furnished or left unfurnished upon request
  • Property is in average condition

Listing and Financial Details

  • Exclusions: -None
  • The owner pays for grounds care, management
  • Assessor Parcel Number 0501761356

Community Details

Overview

  • 8 Units

Building Details

  • Operating Expense $17,280
  • Gross Income $43,200
  • Net Operating Income $25,920

Property Details

Home Type

Apartment

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Multi Family
  • Inclusions: -8 full size refrigerators, 8 full size ranges, 8 hot water heaters, 8 window air-conditioners and 32 baseboard heaters.
  • Ownership: More than a year
  • Subdivision Name: NONE
  • Directions: -Take NC-210 N/NC-24/NC-87 to Spring Lake. Once in Spring Lake, turn left onto Spring Avenue. Turn right at 2nd cross street onto N First Street. Travel to the end of the street and the apartments will be on the left.
  • Garage Yn: No
  • New Construction: No
  • Structure Type: Apartment
  • Year Built: 1959
  • Property Sub Type Additional: Apartment
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Owner Pays: Grounds Care, Management
  • Fireplace: No
  • Flooring: Carpet, Laminate, Vinyl
  • Interior Amenities: Unfurnished

Exterior Features

  • Exclusions: -None
  • Property Condition: Average Condition

Utilities

  • Cooling: Electric, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Sewer: Public Sewer
  • Water Source: Lake

Schools

  • Elementary School: Lillian Black Elementary
  • High School: Pine Forest Senior High
  • Middle Or Junior School: Spring Lake Middle School

Lot Info

  • Parcel #: 0501761356
  • Zoning Description: CB - Central Business
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 43200.0
  • Property Net Operating Income: 25920.0
  • Annual Operating Expense: 17280.0

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2024 06/19/24 Sold $550,000 -8.3% --
05/03/2024 05/03/24 Pending -- -- --
04/25/2024 04/25/24 Price Changed $599,900 -13.7% --
03/21/2024 03/21/24 Price Changed $695,000 -13.1% --
03/12/2024 03/12/24 For Sale $800,000 0.0% --
07/15/2022 07/15/22 Rented $750 0.0% --
07/15/2022 07/15/22 For Rent $750 0.0% --
07/19/2018 07/19/18 Sold $220,000 0.0% --
07/19/2018 07/19/18 Pending -- -- --
07/19/2018 07/19/18 For Sale $220,000 -- --
Source: Longleaf Pine REALTORS®

Source: Longleaf Pine REALTORS®

MLS Number: 546152

Longleaf Pine REALTORS®

North Carolina Cumberland County Spring Lake 28390

127 N 1st St, Spring Lake, NC

Homes for Sale in Spring Lake, NC

This home is located at 127 N 1st St, Spring Lake, NC 28390 and is currently priced at $220,000. This property was built in 1959. 127 N 1st St is a home located in Cumberland County with nearby schools including Lillian Black Elementary School, Spring Lake Middle, and Pine Forest High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Longleaf Pine REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.