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About This Home
This 8-bedroom, 8-bathroom single family at 309 Morgan Street in Wadesboro, NC is listed for $499,000 ($98 per sqft). Built in 1890, the home offers 5,093 sqft of living space on a 0.39 acres lot.
Beautiful historic home that has been converted to 8 apartments within walking distance to downtown Wadesboro. Currently generating over $59k in net cash flow generating over an 11% Cap rate!!! This building has maintained much of it's charm over the years with original hardwood floors and other classic accents throughout the building.
Currently 8 of the apartments are occupied and many have been painted and refurbished. Most of the tenets have lived at this property for over a year. This property is a great opportunity for a savvy investor or anyone who loves big historic homes.
Key Features
- Built in 1890
- 0.39 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$2,669/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
309 Morgan Street
Wadesboro, NC 28170
Property Details
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 8-bedroom, 8-bathroom single family at 309 Morgan Street is listed at $499,000 ($98/sqft). The estimated monthly payment is $2,162 based on 20% down at 6.5% interest.
Key features include: Built in 1890, 0.39 acre lot, 2 stories.
This property is listed by Drew Tatum and can be reached at 9194511509 or tatumsellscharlotte@gmail.com.