Bought with The Insight Group
$81,827
$45,000
81.8%For more information regarding the value of a property, please contact us for a free consultation.
2 SqFt
SOLD DATE : 05/20/2024
Key Details
Sold Price $81,827
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2 sqft
Price per Sqft $40,913
Subdivision Not In A Subdivision
MLS Listing ID 10023871
Sold Date 05/20/24
HOA Y/N No
Abv Grd Liv Area 2
Originating Board Triangle MLS
Year Built 1950
Annual Tax Amount $2,373
Lot Size 0.890 Acres
Acres 0.89
Property Description
Land value pricing makes this a lucrative opportunity! Situated on .89 acres in Burlington, there is immense potential for savvy investors or flippers with this one. Though the existing home has been affected by fire and is currently uninhabitable (or safe to walk through), the City of Burlington's zoning regulations present lucrative prospects: Rebuild the existing structure, (with code enforcement consult & engineer work as per city requirements), or start afresh, constructing up to 6 detached single-family homes or 8 single-family attached under HDR zoning. (Buyer should have a survey to verify acreage to determine the exact number of units allowed). The possibilities are boundless. Don't miss this chance to capitalize on this promising investment opportunity!
***BRING YOUR HIGHEST & BEST OFFER BY 3PM ON SUNDAY, APRIL 21***
Location
State NC
County Alamance
Zoning HDR
Direction From I85/40 take exit 145 and take Maple Avenue to S. Mebane St, turn right. Turn left onto E. Webb Avenue, right onto Elmira right on N Park, left on Logan and left onto Lakeside. Home will be on the right.
Rooms
Basement Other
Interior
Heating None, See Remarks
Cooling None
Flooring None, See Remarks
Exterior
View Y/N Yes
Roof Type None,See Remarks
Garage No
Private Pool No
Building
Faces From I85/40 take exit 145 and take Maple Avenue to S. Mebane St, turn right. Turn left onto E. Webb Avenue, right onto Elmira right on N Park, left on Logan and left onto Lakeside. Home will be on the right.
Story 1
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories 1
Structure Type Brick
New Construction No
Schools
Elementary Schools Alamance - Hillcrest
Middle Schools Alamance - Turrentine
High Schools Alamance - Walter Williams
Others
Tax ID 126887
Special Listing Condition Standard
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