NOT LISTED FOR SALE

405 15th St Cramerton, NC 28032

4 Beds
4 Baths
1,968 Sq Ft
6,534 Sq Ft Lot

Last Sold April 11, 2022

Last sale price $415,000 $211 Per Sq Ft

58 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Laundry Room
  • New Hope Elementary School Rated 10
  • Living Room
  • Level Lot

About This Home

As of April 2022

Two sets of duplexes offering 4 units with just under 500 SF each, with 1BR 1BA kitchen and living room located on quiet dead end street in Cramerton. New paint, updated kitchen cabinets and countertops , updated flooring in kitchen and bathrooms. Back porches added for units A&B. Updated Vinyl siding. Updated Vinyl windows.
City water, sewer, each unit is heated by a gas wall unit, cooled by window unit, has stove, refrigerator, hardwood flooring. Back fencing is on the property line. Units are presently tenant occupied and have roughly 6 months left one their lease. The monthly Net Revenue is $3037. Units B and D are leased below market rate. Those units have been leased by long-time tenants. Market rates are roughly $825 - $850/month. A copy of the P&L is included in the attachments. No Showings will be allowed until the property is under contract. A free look period will be provided once a contract is accepted. PLEASE DO NOT DISTURB THE TENANTS.

Last Agent to Sell the Property

Steve Mueller

EXP Realty LLC Ballantyne License #71366 Listed on: 02/12/2022

EXP Realty LLC Ballantyne

Last Buyer's Agent

Ashley Bell

New Pointe Realty License #318375

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • Lot Dimensions are 133x50x136x48
  • Level Lot

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 1,968 Sq Ft Home
  • Living Room
  • Crawl Space
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Range

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Driveway

Schools

  • New Hope Elementary School
  • Cramerton Middle School
  • Stuart W Cramer High School

Additional Features

  • Deck
  • Window Unit Heating System

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for all utilities
  • Rent includes exterior maintenance
  • Assessor Parcel Number 194850

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Year Built: 1964
  • Ratio Current Price By Acre: 2766666.67
  • Road Surface Type: Gravel
  • Structure Type: Duplex
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Flooring: Vinyl, Wood
  • Fixture Exception Yn: 0
  • Porch: Deck
  • Room Other: Bathroom(s),Bedroom(s),Kitchen,Living Room
  • Appliances: Electric Oven, Electric Range, Refrigerator
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Living Area: 1968
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Total Bedrooms: 1
  • Total Sq Ft: 492
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Total Bedrooms: 1
  • Total Sq Ft: 492
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Total Sq Ft: 492
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Total Sq Ft: 492
  • Half Bathrooms: 0
  • Half Bathrooms: 0

Exterior Features

  • New Construction: No
  • Tax Location: Cramerton
  • Construction Type: Site Built
  • Construction Type: Vinyl Siding

Garage/Parking

  • Total Parking Spaces: 4
  • Main Level Garage YN: 0
  • Parking Features: Driveway

Utilities

  • Heating: Gas Hot Air Furnace, Window Unit(s)
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Main Level, In Kitchen
  • Water Source: Public

Condo/Co-op/Association

  • Hoa Subject To Dues: No

Schools

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

Lot Info

  • Lot Features: Level
  • Lot Size Units: Acres
  • Parcel Number: 194850
  • Lot Size: 133x50x136x48
  • Zoning Description: RMF

Rental Info

  • Rent Includes: Exterior Maintenance
  • Tenant Pays: All Utilities
  • Pets Allowed: Yes

Tax Info

  • RATIO List Price By Tax Amount: 3.09767

Multi Family

  • Number Of Units Total: 4
  • Unit Count: 4

MLS Schools

  • Elementary School: New Hope
  • High School: Stuart W Cramer
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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 Prior Sale
04/11/2022 04/11/22 Sold $415,000 -5.7% $211 / Sq Ft
02/18/2022 02/18/22 Price Changed $439,900 -12.0% $224 / Sq Ft
02/12/2022 02/12/22 For Sale $499,900 +197.6% $254 / Sq Ft
11/26/2018 11/26/18 Sold $168,000 +2.1% $85 / Sq Ft View Prior Sale
10/19/2018 10/19/18 Pending -- -- --
10/16/2018 10/16/18 For Sale $164,500 -- $84 / 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 $2,889 $280,780 $24,000 $256,780
2024 $2,903 $280,780 $24,000 $256,780
2023 $2,962 $280,780 $24,000 $256,780
2022 $1,825 $142,010 $18,000 $124,010
2021 $1,853 $142,010 $18,000 $124,010
2019 $1,867 $142,010 $18,000 $124,010
2018 $1,668 $123,987 $18,000 $105,987
2017 $1,668 $123,987 $18,000 $105,987
2016 $1,668 $123,987 $0 $0
2014 $1,417 $105,363 $22,500 $82,863
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3829212

Canopy MLS (Canopy Realtor® Association)
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