Seller's Agent in 2021
Lee Allen
Corcoran HM Properties
(980) 581-1055
73 Total Sales
640 Pee Dee Ave Albemarle, NC 28001
6
Beds
6
Baths
2,808
Sq Ft
16,117
Sq Ft Lot
Highlights
- Ranch Style House
- Corner Lot
- Carpet
About This Home
As of September 2021Fantastic 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
Corcoran HM Properties License #211466 Listed on: 08/19/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1993
Lot Details
- Lot Dimensions are 128 x 125
- Corner Lot
Parking
- Gravel Driveway
Home Design
- Triplex
- Ranch Style House
- Vinyl Siding
Flooring
- Carpet
- Vinyl
Additional Features
- Oven
- 6 Full Bathrooms
- Crawl Space
Listing and Financial Details
- Tenant pays for all utilities
- Assessor Parcel Number 654802554421
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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)
Agents Affiliated with this Home
-
Lee Allen
-
Carmady Kruger
Buyer's Agent in 2021
Carmady Kruger
Lantern Realty & Development LLC
(704) 223-4842
87 Total Sales
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: CAR3775744
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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