NOT LISTED FOR SALE

640 Pee Dee Ave Albemarle, NC 28001

6 Beds
6 Baths
2,808 Sq Ft
0.37 Acres

Last Sold September 17, 2021

Last sale price $259,900 $93 Per Sq Ft

10 Days on Market

Highlights

  • Ranch Style House
  • Corner Lot
  • Vinyl Flooring

About This Home

As of September 2021

Fantastic Triplex located just 3 blocks from the new Peiffer campus site in downtown Albemarle. Located on the corner lot of historic Pee Dee Ave and 7th Street. Each unit features 2 bedrooms and 2 baths. Front porches on all units. Currently all units are occupied with month to month leases. Current Gross Cap Rate at list price = 7.25%. (Current gross income for all 3 units = $19,200/year) With modifications to market rates($875/unit) for all leases Gross Cap Rate could be 11.9%!! Units are in great condition - Out of respect to tenants, please schedule appointments with plenty of notice to view units. Perfect opportunity for investment and diversification of your portfolio.

Last Agent to Sell the Property

Lee Allen

Corcoran HM Properties License #211466 Listed on: 08/19/2021

Corcoran HM Properties

Last Buyer's Agent

Carmady Kruger

Lantern Realty & Development LLC License #287665

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1993

Lot Details

  • 0.37

Parking

  • Gravel Driveway

Home Design

  • Triplex
  • Ranch Style House
  • Vinyl Siding

Additional Features

  • Oven
  • Vinyl Flooring
  • 6 Full Bathrooms
  • Crawl Space
  • Corner Lot

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 654802554421

Property Details

Home Type

Multi-Family

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Architectural Style: Ranch
  • Ratio Close Price By List Price: 0.98112
  • Ratio Close Price By Original Li: 0.98112
  • Ratio Current Price By Acre: 702432.43
  • Ratio Current Price By Sq Ft: 92.56
  • Year Built: 1993
  • Property Features: Range/Oven, Refrigerator, W/D Connection
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 6
  • Total Bedrooms: 6
  • Equipment: Ceiling Fan(s), Electric Range, Oven, Refrigerator, Self Cleaning Oven, Washer
  • Flooring: Carpet, Vinyl
  • Laundry Location: Closet
  • Total Sq Ft: 2808

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Gravel
  • Parking: Driveway, On-Street Parking

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Dimension: 128 x 125
  • Lot Features: Corner Lot
  • Lot Size Area: 0.370
  • Parcel Number: 654802554421
  • Plat Reference Section Pages: 289
  • Zoning Specification: R8

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Value: 175211.00
  • Tax Location: Albemarle

Multi Family

  • Unit Count: 3
  • Number Of Units Total: 3

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
09/17/2021 09/17/21 Sold $259,900 -1.9% $93 / Sq Ft
08/29/2021 08/29/21 Pending -- -- --
08/19/2021 08/19/21 For Sale $264,900 -- $94 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3775744

Canopy MLS (Canopy Realtor® Association)