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

Sale Details

Date 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

WINDSOR REAL ESTATE GROUP License #250457 Listed on: 09/27/2024

Co-Listed By

Laura Verouden

Re/MaxDiamond Realty License #322230

Last Buyer's Agent

Nick Kolb

Fonville Morisey Realty License #302466

Fonville Morisey Realty

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

10,019 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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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