NOT LISTED FOR SALE
11 Beds
11 Baths
7,900 Sq Ft
10,019 Sq Ft Lot

Last Sold January 13, 2025

Last sale price $850,000 $108 Per Sq Ft

24 Days on Market

Highlights

  • City View
  • Wood Flooring
  • In-Law or Guest Suite
  • Transitional Architecture
  • No HOA
  • Brick Veneer

About This Home

As of January 2025

WE CURRENTLY HAVE AN OFFER IN ATTORNEY REVIEW AND ARE NOT ALLOWING SHOWINGS. IF YOUR CLIENT WANTS TO MAKE A BACKUP OFFER PLEASE EMAIL IT TO ME. 7900 square foot 11-unit building, fully rented (one tenant has been asked to vacate) with several long-term tenants (current tenant average is 10+ years). Units vary from studio apartments to 1-bedroom units, each with their own reserved parking space and plenty of street parking. Great location walkable to bus line, train station and restaurants. Projected rental income of $88,080. Owner pays gas for the water heater, electricity for the common areas and water average $7000. All tenants (except 1) are currently on a lease and all wish to remain in place. Please request a brochure for more information. Secure building with keypad entry. DO NOT VISIT THE PROPERTY WITHOUT AN APPOINTMENT.

Last Agent to Sell the Property

Marlo Countiss

Re/MaxDiamond Realty License #250457 Listed on: 09/27/2024

Re/MaxDiamond Realty

Co-Listed By

Laura Countiss

Re/MaxDiamond Realty License #322230

Last Buyer's Agent

Nick Kolb

DASH Carolina License #302466

DASH Carolina

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,102

Year Built

  • Built in 1930 | Remodeled

Lot Details

  • 10,019 Sq Ft Lot
  • Two or More Common Walls
  • Paved or Partially Paved Lot

Home Design

  • Transitional Architecture
  • Brick Veneer
  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 7,900 Sq Ft Home
  • 3-Story Property
  • 8 Foot Ceilings
  • Ceiling Fan
  • Entrance Foyer
  • Storage
  • City Views
  • Fire and Smoke Detector
  • Free-Standing Gas Range

Flooring

  • Wood
  • Ceramic Tile
  • Luxury Vinyl Tile
  • Vinyl

Bedrooms and Bathrooms

  • 11 Bedrooms
  • In-Law or Guest Suite
  • 11 Full Bathrooms
  • Bathtub with Shower

Unfinished Basement

  • Block Basement Construction
  • Crawl Space

Parking

  • 11 Parking Spaces
  • Paved Parking
  • On-Street Parking
  • Parking Lot
  • Assigned Parking

Outdoor Features

  • Outdoor Storage
  • Rain Gutters

Schools

  • Grove Park Elementary School
  • Turrentine Middle School
  • Walter Williams High School

Utilities

  • Multiple cooling system units
  • Space Heater
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • The owner pays for common area maintenance, electricity, exterior maintenance, gas, grounds care, HVAC maintenance, insurance, janitorial service, management, roof maintenance, sewer, snow removal, trash collection, water
  • Assessor Parcel Number 135516

Community Details

Overview

  • No Home Owners Association
  • The Colonial Manor Condos

Building Details

  • 11 Leased Units
  • Electric Expense $137
  • Gross Income $7,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,102

Year Built

Built in 1930 | Remodeled

Lot Details

0

Listing Details

  • Building Name: The Colonial Manor
  • Year Built: 1930
  • Prop. Type: Residential Income
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Co List Office Phone: 919-563-4141
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 7900.0
  • Architectural Style: Transitional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Tri-Level
  • New Construction: No
  • General Property Information Below Grade Unfinished Area: 273.0
  • General Property Information Total Unfinished Area2: 273.0
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • Architectural Style Transitional: Yes
  • Flooring Luxury Vinyl: Yes
  • Flooring Tile: Yes
  • Interior Features BathtubShower Combination: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Flooring Ceramic Tile: Yes
  • Flooring Hardwood: Yes
  • Flooring Vinyl: Yes
  • Appliances Refrigerators: Yes
  • Interior Features Bathtub Only: Yes
  • Utilities Cable Available: Yes
  • General Property Information Senior Community YN: No
  • Interior Features ApartmentSuite: Yes
  • Foundation Details Block3: Yes
  • Levels Tri-Level: Yes
  • General Property Information Enhanced Accessible2: No
  • Utilities Natural Gas Available: Yes
  • Utilities Phone Available: Yes
  • Roof:Shingle: Yes
  • Utilities Water Connected: Yes
  • General Property Information Spa YN: No
  • Contract Information Lease Term: Other
  • General Property Information Above Grade Finished Area: 7900.0
  • General Property Information Carport YN: No
  • Utilities Electricity Connected: Yes
  • Utilities Sewer Connected: Yes
  • Property Condition UpdatedRemodeled: Yes
  • Utilities Cable Connected: Yes
  • Structure Type Multi Family: Yes
  • Owner Pays:Sewer2: Yes
  • General Property Information Lot Size Square Feet2: 10018.8
  • General Property Information Building Name: The Colonial Manor
  • General Property Information Number Of Buildings2: 1.0
  • Building Ceiling Height: 8
  • General Property Information Lot Size Acres: 0.23
  • Cooling Multi Units: Yes
  • General Property Information Stories2: 3
  • General Property Information:Living Area3: 7900.0
  • General Property Information Waterfront YN: No
  • Income And Expenses Fuel Expense: 183.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Ceramic Tile, Hardwood, Luxury Vinyl, Tile, Vinyl
  • Interior Amenities: Apartment/Suite, Bathtub Only, Bathtub/Shower Combination, Ceiling Fan(s), Entrance Foyer, Storage
  • Basement: Block, Crawl Space, Unfinished
  • Spa Features: None
  • Private Spa: No
  • Appliances: Free-Standing Electric Range, Free-Standing Gas Range, Refrigerator
  • Basement YN: Yes
  • Full Bathrooms: 11
  • Total Bedrooms: 11
  • Stories: 3
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Entrance Foyer: Yes
  • Basement:Crawl Space: Yes
  • Interior Features:Storage3: Yes
  • Basement:Unfinished: Yes
  • Basement:Block: Yes
  • Community Features:None3: Yes
  • Appliances:Free-Standing Electric Range: Yes
  • Appliances:Free-Standing Gas Range: Yes

Exterior Features

  • Roof: Shingle
  • Exterior Features: Rain Gutters, Storage
  • Fencing: None
  • Acres: 0.23
  • Waterfront: No
  • Home Warranty: No
  • Common Walls: 2+ Common Walls
  • Construction Type: Brick Veneer
  • Foundation Details: Block
  • Patio And Porch Features: None
  • Exterior Features:Rain Gutters: Yes
  • Construction Materials:Brick Veneer: Yes
  • Exterior Features:Storage2: Yes
  • Lot Features:City Lot: Yes
  • View:City3: Yes
  • Patio And Porch Features:None18: Yes
  • Lot Features:Paved: Yes

Garage/Parking

  • Attached Garage: No
  • Open Parking: No
  • Parking Features: Assigned, On Street, Parking Lot, Paved
  • Total Parking Spaces: 11.0
  • Parking Features:On Street: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Parking Lot: Yes
  • Parking Features:Paved2: Yes
  • General Property Information:Parking Total: 11.0
  • General Property Information:Open Parking YN2: No

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Connected, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
  • Heating: Natural Gas, Space Heater, Wall Furnace, Other
  • Green Building Features: Shared Utilities
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Wall Furnace: Yes
  • Heating:Space Heater: Yes

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No
  • Association: No

Association/Amenities

  • Association Amenities:None: Yes
  • General Property Information:Association YN: No

Fee Information

  • Annual Water Sewer Expense: 423.0

Schools

  • Ninth Grade High School: Alamance - Walter Williams
  • Middle Or Junior School: Alamance - Turrentine

Lot Info

  • Zoning: Apartment
  • Lot Size Sq Ft: 10018.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 135516
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Electricity
  • Lease Term: Other
  • Owner Pays: Common Area Maintenance, Electricity, Exterior Maintenance, Gas, Grounds Care, HVAC Maintenance, Insurance, Janitorial Service, Management, Roof Maintenance, Sewer, Snow Removal, Trash Collection, Water

Tax Info

  • Tax Annual Amount: 3101.59
  • Tax Year: 2024
  • New Taxes Expense: 450.0
  • Tax Map Number: 008-19-3

Multi Family

  • Number Of Units Furnished: None
  • Electric Expense: 137.0
  • Annual Gross Income: 7340.0
  • Insurance Expense: 337.0
  • Number Of Units Leased: 11

MLS Schools

  • Elementary School: Alamance - Grove Park
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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 List to Sale Price per Sq Ft
01/13/2025 01/13/25 Sold $850,000 +6.9% $108 / Sq Ft
10/21/2024 10/21/24 Pending -- -- --
09/27/2024 09/27/24 For Sale $795,000 -- $101 / Sq Ft
Source: Doorify MLS

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 $2,398 $485,382 $55,911 $429,471
2024 $2,276 $485,382 $55,911 $429,471
2023 $5,243 $485,382 $55,911 $429,471
2022 $3,850 $273,042 $57,600 $215,442
2021 $3,878 $273,042 $57,600 $215,442
2020 $3,905 $273,042 $57,600 $215,442
2019 $3,914 $273,042 $57,600 $215,442
2018 $2,085 $273,042 $57,600 $215,442
2017 $2,048 $273,042 $57,600 $215,442
2016 $1,989 $268,730 $51,256 $217,474
2015 $1,551 $268,730 $51,256 $217,474
2014 -- $268,730 $51,256 $217,474
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 10055302

Doorify MLS
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