NOT LISTED FOR SALE

508 Lake Ave High Point, NC 27260

Greater High Point Neighborhood
-- Bed
-- Bath
4,032 Sq Ft
0.32 Acres

Last Sold August 11, 2017

Last sale price $157,500 $39 Per Sq Ft

80 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • Level Lot

About This Home

As of August 2017

Excellent investment opportunity. 4 units, 100% leased at $600 per month, per unit. Well maintained building with replacement windows and a new roof (2016). Concrete parking area, vinyl siding = low maintenance. Leases available to qualified buyers. Please allow 24 hour notice prior to showing. Some information was obtained thru tax records and should be verified by buyer/buyer's agent prior to making offer.

Last Agent to Sell the Property

Chip Culler

Craven-Johnson-Pollock, Inc. License #61175 Listed on: 04/24/2017

Last Buyer's Agent

Ethan Kleisch

RE/MAX Realty Consultants License #293587

RE/MAX Realty Consultants

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,876

Year Built

  • Built in 1990

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 95 x 150 x 94 x 150
  • Level Lot

Parking

  • 8 Parking Spaces

Home Design

  • Quadruplex
  • Vinyl Siding

Interior Spaces

  • 1-Story Property

Schools

  • Ferndale Middle School
  • High Point Central

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 22 & 23
  • Assessor Parcel Number 0174286
  • 1% Total Tax Rate

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • 4,032 Sq Ft Building

Building Details

  • 4 Leased Units
  • Gross Income $28,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,876

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.32
  • Lot Size: 95 x 150 x 94 x 150
  • Directions: S. Main St. to east on Russell. Turn right on S. Centennial. Take a left on Lake Ave, just past Macedonia Way. Quad apartment building on right.
  • Building Stories: 1
  • Year Built: 1990
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 0 - 0
  • TRIADMLS_CityLimitsYN: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Water Heater
  • TRIADMLS_ApproxSqFtRange: 3600 - 4300

Exterior Features

  • Lot Features: City Lot, Level
  • Pool Features: None
  • Construction Type: Vinyl Siding
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Parking Features: On Site
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Electric
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Fairview
  • High School: High Point Central
  • Middle Or Junior School: Ferndale

Lot Info

  • Parcel #: 0174286
  • Zoning: RM-12
  • TRIADMLS_PricePerAcre: 543750
  • TRIADMLS_PlatPage: 112
  • TRIADMLS_DeedPage: 1248
  • TRIADMLS_DeedBook: 7146
  • TRIADMLS_PlatBook: 2
  • TRIADMLS_AcresRange: 0 - 0

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 28800
  • Number Of Units Leased: 4

Tax Info

  • Tax Annual Amount: 1876
  • Tax Lot: 22 & 23
  • Tax Year: 2017
  • TRIADMLS_TaxRate: 1.4025

Range of Values:

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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 Change Sq Ft Price
08/11/2017 08/11/17 Sold $157,500 -9.5% $39 / Sq Ft
07/14/2017 07/14/17 Pending -- -- --
04/24/2017 04/24/17 For Sale $174,000 -- $43 / Sq Ft
Source: Triad MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Chip Culler

    Craven-Johnson-Pollock, Inc.

    (336) 442-1779

    9 in this area

    16 Total Sales

    Chip Culler
    Section Image
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Map

Source: Triad MLS

MLS Number: 831888

Triad MLS

APN: 0174286

North Carolina Guilford County High Point 27260 Greater High Point

508 Lake Ave, High Point, NC

This home is located at 508 Lake Ave, High Point, NC 27260 since 24 April 2017. This property was built in 1990. 508 Lake Ave is a home located in Guilford County with nearby schools including Fairview Elementary School, Ferndale Middle School, and High Point Central High School.

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