NOT LISTED FOR SALE

938 Lincolnton Rd Salisbury, NC 28144

4 Beds
2 Baths
2,302 Sq Ft
1940 Built

Last Sold April 15, 2022

Last sale price $165,000 $72 Per Sq Ft

7 Days on Market

Highlights

  • Community Pool
  • Picnic Area
  • Dog Park
  • Laundry Room
  • Central Heating
  • Level Lot

About This Home

As of April 2022

HIGHEST & BEST OFFERS DUE 3/18/22 11:59:59 EST. Tenant Occupied month to month leases. DO NOT DISTURB TENANTS. NO Site Visits or Showings until Contract. Start an investment portfolio or add to it. Live in one side rent one side. Low maintenance with vinyl replacement windows, vinyl siding, & vinyl/metal wrapped trim. No Carpet with laminate wood and tile throughout! All Electric, HVAC Heap Pumps Roof 2014, Heat Pump with central air & central heat, low maintenance, low utility bills, close to everything. Managed by Chambers Realty, a local real estate firm. Cash Flow 1-1-2 thru 12-31-21 - Rent Income $15,120 - Expenses $3,590 = Net Operating Income $11,530. 938 Lincolnton Rd. 1,167 ft2, 2BR 1 BA, $625/mo. 936 Lincolnton Rd. 1,135 ft2, 2BR 1BA $635/mo. Tenants are responsible for all utilities, landlord is responsible for lawn care. Very close to Downtown Salisbury & brand new Bell Tower Park & very close to Fulton Heights Eaman Park redevelopment right down the street

Last Agent to Sell the Property

Keith Knight

Wallace Realty License #200248 Listed on: 03/14/2022

Last Buyer's Agent

Cortez Ferrell

Blaque Tie Realty Group LLC License #316742

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • Lot Dimensions are 63x271
  • Level Lot
  • Cleared Lot

Parking

  • 1 to 5 Parking Spaces

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 2,302 Sq Ft Home
  • Living Room with Fireplace
  • Laminate Flooring
  • Crawl Space
  • Electric Range
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Elizabeth Koontz Elementary School
  • Knox Middle School
  • Salisbury High School

Utilities

  • Central Heating
  • Heat Pump System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, garbage pick-up, water, all utilities
  • Rent includes exterior maintenance, interior common lights, management
  • Assessor Parcel Number 013109

Community Details

Recreation

  • Community Pool
  • Dog Park

Additional Features

  • 2 Units
  • Picnic Area

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Year Built: 1940
  • Ratio Current Price By Acre: 402439.02
  • Doors and Windows: Insulated Windows
  • Road Surface Type: Dirt, Gravel, Shared
  • Structure Type: Duplex
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Laminate
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Sq Ft Unheated Basement: 0
  • Porch: Back,Covered,Front
  • Appliances: Electric Range, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Living Room
  • Living Area: 2302
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Total Bedrooms: 2
  • Total Sq Ft: 1167
  • Full Bathrooms: 1
  • Half Bathrooms: 0
  • Total Bedrooms: 2
  • Total Sq Ft: 1135

Exterior Features

  • New Construction: No
  • Tax Location: Salisbury
  • Construction Type: Site Built
  • Construction Type: Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Parking Space - 4+

Utilities

  • Heating: Central, Heat Pump, Heat Pump
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Main Level, In Kitchen
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Dog Park, Outdoor Pool, Picnic Area, Sidewalks, Street Lights
  • Hoa Subject To Dues: No

Schools

  • Middle Or Junior School: Knox
  • HOA Subject To: None

Lot Info

  • Lot Features: Cleared, Level
  • Lot Size Area: 0.41
  • Lot Size Units: Acres
  • Parcel Number: 013109
  • Lot Size: 63x271
  • Zoning Description: GnRs6/ac

Rental Info

  • Rent Includes: Exterior Maintenance, Interior Common Lights, Management
  • Tenant Pays: Cable TV, Electricity, Garbage Pick-up, Water, All Utilities
  • Pets Allowed: Conditional

Tax Info

  • RATIO List Price By Tax Amount: 1.46729

Multi Family

  • Number Of Units Total: 2
  • Unit Count: 2

MLS Schools

  • Elementary School: Elizabeth Koontz
  • High School: Salisbury

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
04/15/2022 04/15/22 Sold $165,000 +11.7% $72 / Sq Ft
03/21/2022 03/21/22 Pending -- -- --
03/14/2022 03/14/22 For Sale $147,777 -- $64 / 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: 3838457

Canopy MLS (Canopy Realtor® Association)