616 N Mebane St Burlington, NC 27217
East Burlington NeighborhoodEstimated payment $1,774/month
Highlights
- Traditional Architecture
- Circular Driveway
- Laundry Room
- Bonus Room
- Living Room
About This Home
An amazing opportunity awaits the discerning investor buyer looking for a quadruplex with a great location. Home could certainly be converted back into a single family home again, if desired, but do note each unit is metered separately presently. No showings as all 4 units are rented to separate tenants so will need a LOI/POF to schedule and plenty of advance notice. Monthly rental income is as follows: Unit 1 $850; Unit 2 $650; Unit 3 $800; Unit 4 $750 and all units are leased on a Month-to-Month basis.
Listing Agent
Coldwell Banker HPW Brokerage Email: bryang@hpw.com License #299470 Listed on: 03/01/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,355
Year Built
- Built in 1950
Lot Details
- Lot Dimensions are 80 x162 x 83 x 165
Parking
- Circular Driveway
Home Design
- Traditional Architecture
- Victorian Architecture
Interior Spaces
- 3,286 Sq Ft Home
- Property has 2 Levels
- Living Room
- Bonus Room
- Crawl Space
- Laundry Room
Bedrooms and Bathrooms
- 10 Bedrooms
- 4 Full Bathrooms
Listing and Financial Details
- The owner pays for exterior maintenance, management, snow removal, trash collection
- Assessor Parcel Number 136950
- Tax Block 32/
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $1,355 | $288,890 | $15,000 | $273,890 |
| 2023 | $1,248 | $288,890 | $15,000 | $273,890 |
| 2022 | $1,469 | $118,378 | $15,000 | $103,378 |
| 2021 | $1,481 | $118,378 | $15,000 | $103,378 |
| 2020 | $1,493 | $118,378 | $15,000 | $103,378 |
| 2019 | $1,497 | $118,378 | $15,000 | $103,378 |
| 2018 | $704 | $118,378 | $15,000 | $103,378 |
| 2017 | $1,394 | $118,378 | $15,000 | $103,378 |
| 2016 | $1,577 | $135,933 | $15,000 | $120,933 |
| 2015 | $784 | $135,933 | $15,000 | $120,933 |
| 2014 | -- | $135,933 | $15,000 | $120,933 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/02/2025 03/02/25 | For Sale | $299,900 | -- | $91 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $61,000 | None Listed On Document | |
| Warranty Deed | $73,000 | Attorney |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $430,950 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $160,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $70,000 | Commercial |
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 4228232
APN: 136950
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