$221,850
SOLD DEC 31, 2024

502 E 1st St Unit 1 & 2 Cherryville, NC 28021

4 Beds
2 Baths
2,105 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$105 Per Sq Ft

11% Below List Price

18 Days on Market

Highlights

  • Traditional Architecture
  • Central Air
  • Concrete Flooring
  • Laundry Room
  • Space Heater

About This Home

As of December 2024

This great investment opportunity awaits whether you are a savvy or novice investor or simply looking to begin your real estate investing journey. This is a great investment opportunity for a great duplex at a great price. Both units have 2 bedrooms and 1 bath. Both units are occupied with long term tenants. This duplex is located within walking distance of downtown Cherryville and is also conveniently located with 15 minutes of Lincolnton and Gastonia. The Cherryville school district is wonderful if you have kids. The building has a brand new roof put on in 2023. City water and sewer. Please do not disturb tenants.

Unit 1 - on left as seen from street was totally updated 6 years ago. All appliances convey except for washer and dryer

Unit 2 - 20 year tenant and has not been up dated.

Last Agent to Sell the Property

Nancy Barnes

Vickie Spurling Realty Inc Brokerage Email: nanbarn8@aol.com License #273447 Listed on: 11/01/2024

Last Buyer's Agent

Scott Harrill

Huitt Realty LLC License #347936

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • Lot Dimensions are 82x113

Parking

  • 2 Open Parking Spaces

Home Design

  • Duplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,105 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher

Flooring

  • Concrete
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Schools

  • Cherryville Elementary School
  • John Chavis Middle School
  • Cherryville High School

Utilities

  • Central Air
  • Window Unit Cooling System
  • Space Heater
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for all utilities, cable TV, electricity, trash collection, water
  • The owner pays for exterior maintenance
  • Assessor Parcel Number 129373

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Architectural Style: Traditional
  • Year Built: 1956
  • Road Surface Type: Gravel, Paved
  • ResoPropertyType: ResidentialIncome
  • Geocode Confidence: High
  • Attribution Contact: nanbarn8@aol.com
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Slab
  • Fireplace: No
  • Flooring: Concrete, Vinyl
  • Room Other: Laundry
  • Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Refrigerator
  • Owner Pays: Exterior Maintenance
  • Above Grade Finished Sq Ft: 2105
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Living Area: 2105
  • Building Stories: 1
  • Window Features: Insulated Window(s)
  • Sq Ft Other: 0

Exterior Features

  • New Construction: No
  • Roof: Composition
  • Construction Type: Site Built
  • Construction Type: Brick Partial, Vinyl
  • Patio And Porch Features: Awning(s), Other - See Remarks

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Parking Features: Parking Space(s)

Utilities

  • Heating: Heat Pump, Natural Gas, Space Heater, Other - See Remarks
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Utility Room, Washer Hookup, Other - See Remarks
  • Cooling: Central Air, Heat Pump, Window Unit(s), None
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: John Chavis
  • HOA Subject To: None

Lot Info

  • Lot Size Area: 0.21
  • Lot Size Units: Acres
  • Parcel Number: 129373
  • Zoning: RES
  • Lot Size: 82x113
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-O

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Trash Collection, Water
  • Pets Allowed: Yes

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Cherryville
  • High School: Cherryville

Range of Values:

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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 List to Sale Price per Sq Ft Prior Sale
12/31/2024 12/31/24 Sold $221,850 -11.2% $105 / Sq Ft
11/20/2024 11/20/24 Pending -- -- --
11/01/2024 11/01/24 For Sale $249,900 +422.8% $119 / Sq Ft
02/13/2012 02/13/12 Sold $47,800 -36.3% $23 / Sq Ft View Prior Sale
02/10/2012 02/10/12 Pending -- -- --
05/20/2011 05/20/11 For Sale $75,000 -- $36 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4196315

Canopy MLS (Canopy Realtor® Association)