NOT LISTED FOR SALE

1733 River Rd Lincolnton, NC 28092

Estimated Value: $255,790 - $887,000

16 Beds
8 Baths
6,976 Sq Ft
$79/Sq Ft Est. Value

Last Sold October 09, 2024

Last sale price $800,000 $115 Per Sq Ft

Est. 31% decrease in value since last sale

Current estimated payment $2,981/month

41 Days on Market

Highlights

  • Wooded Lot
  • Front Porch
  • Laundry Room
  • Lawn
  • Living Room
  • Four Sided Brick Exterior Elevation

About This Home

As of October 2024

Are you looking to build your investment portfolio? This is a great opportunity to purchase units that are already leased and have additional acreage for the possibility of expanding your future rental producing income.

There are 4 duplexes, each building is on it's own parcel and they are each over an acre and a half. Each duplex has 2 bedrooms, 1 bathroom, living room, dining area, and kitchen.

PLEASE DO NOT DISTURB THE TENANTS!

Last Agent to Sell the Property

Jennifer Cannon

RE/MAX Lifestyle Brokerage Email: jennifer@janetcoxandcompany.com License #301283 Listed on: 08/10/2024

RE/MAX Lifestyle

Co-Listed By

Janet Cox

RE/MAX Lifestyle Brokerage Email: jennifer@janetcoxandcompany.com License #192231

Last Buyer's Agent

Grant Mosteller

Marc 1 Realty License #153500

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • Sloped Lot
  • Cleared Lot
  • Wooded Lot
  • Lawn

Home Design

  • Duplex
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 6,976 Sq Ft Home
  • Property has 1 Level
  • Living Room
  • Dining Area
  • Crawl Space
  • Storm Doors
  • Electric Range

Flooring

  • Carpet
  • Linoleum
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Full Bathrooms

Laundry

  • Laundry Room
  • Washer Hookup

Parking

  • Driveway
  • 16 Open Parking Spaces

Outdoor Features

  • Outbuilding
  • Front Porch

Schools

  • Norris S Childers Elementary School
  • Lincolnton High School

Utilities

  • Heat Pump System
  • Shared Well
  • Gas Water Heater
  • Septic Tank
  • Shared Septic
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for exterior maintenance
  • Assessor Parcel Number 01055; 01056; 01054; 01053

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

7.4 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 1963
  • Road Surface Type: Dirt, Paved
  • ResoPropertyType: ResidentialIncome
  • Geocode Confidence: High
  • Attribution Contact: jennifer@janetcoxandcompany.com
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Flooring: Carpet, Linoleum, Vinyl
  • Room Other: Bedroom(s),Bathroom(s),Kitchen,Living Room,Dining Area
  • Appliances: Electric Range, Electric Water Heater, Gas Water Heater, Refrigerator
  • Owner Pays: Exterior Maintenance
  • Above Grade Finished Sq Ft: 6976
  • Has Basement: Other
  • Basement YN: No
  • Full Bathrooms: 8
  • Total Bedrooms: 16
  • Door Features: Storm Door(s)
  • Living Area: 6976
  • Building Stories: 1

Exterior Features

  • Exterior Features: Lawn Maintenance
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Road Frontage: 603
  • Waterfront Features: None
  • Exclusions: Tenants personal property
  • Construction Type: Brick Full
  • Other Structures: Outbuilding
  • Patio And Porch Features: Front Porch, Rear Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 16
  • Open Parking: Yes
  • Parking Features: Driveway
  • Assigned Spaces: 0

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Installed, Shared Septic
  • Laundry Features: In Kitchen, Porch, Washer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Heat Pump
  • Utilities: Cable Available, Gas
  • Water Source: Shared Well, Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Features: Cleared, Sloped, Wooded
  • Lot Size Units: Acres
  • Parcel Number: 01055; 01056; 01054; 01053
  • Zoning: R-25
  • Plat Book Slide: C-42
  • Horse Amenities: None
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-25

Rental Info

  • Tenant Pays: All Utilities
  • Pets Allowed: Yes, Conditional, Number Limit, Size Limit

Multi Family

  • Number Of Units Total: 8

MLS Schools

  • Elementary School: Norris S Childers
  • High School: Lincolnton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2024
Closed on
Oct 9, 2024
Sold by
Able Renovations Llc
Bought by
Ria Llc
Seller's Agent
Jennifer Cannon
RE/MAX Lifestyle
Buyer's Agent
Grant Mosteller
Marc 1 Realty
List Price
$990,000
Sold Price
$800,000
Premium/Discount to List
-$190,000
-19.19%
Views
41
Current Estimated Value
$552,698

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$247,302
Avg. Annual Appreciation
-22.65%

Purchase Details

Closed on
Oct 8, 2021
Sold by
Dawson Thomas L and Dawson Deborah S
Bought by
Able Renovations Llc

Purchase Details

Closed on
Nov 28, 2016
Sold by
Dennis A Stroupe Revocable Trust
Bought by
Dawson Thomas L and Dawson Deborah S

Purchase Details

Closed on
Aug 24, 2015
Sold by
Stroupe Dennis A and Stroupe Vivian M
Bought by
Dennis A Stroupe Revocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Ria Llc $800,000 None Listed On Document
Able Renovations Llc $422,500 None Available
Dawson Thomas L $330,000 None Available
Dennis A Stroupe Revocable Trust -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/09/2024 10/09/24 Sold $800,000 -19.2% $115 / Sq Ft
08/10/2024 08/10/24 For Sale $990,000 -- $142 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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
2025 $1,267 $163,370 $34,744 $128,626
2024 $1,227 $163,370 $34,744 $128,626
2023 $1,192 $163,370 $34,744 $128,626
2022 $949 $101,451 $25,163 $76,288
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4170763

Canopy MLS (Canopy Realtor® Association)

APN: 01053

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