Expand your portfolio w/ this stabilized, income-producing asset at 1954 Lakeview Rd. This impressive 10-unit complex is fully occupied & consists of uniform 1-bedroom, 1-bathroom units, providing a streamlined management experience & consistent demand. Property currently generates monthly rental income of $7,739, resulting in substantial gross annual income of $92,868. W/ 100% occupancy & a mix of established & new leases, property offers immediate, reliable cash flow from day one. The standardized layouts allow efficient turnovers and simplified maintenance, ideal for investor seeking a turnkey multi-family addition. Financial details, including a full Profit & Loss statement & current lease ledger, are available in the attached documents for your review. To ensure a professional transaction & respect privacy, proof of funds or mortgage pre-approval is required prior to scheduling any walkthroughs. Don't miss out on this high-performing residential complex!
Multi-familyProperty Type
1979Year Built
0.48 acresLot Size
Listed by Hannah Hunt• Howard Hanna Allen Tate-Asheboro
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Style
Multi-Family (2-4 Unit)
County
Randolph County
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Last updated by owner on Apr 9, 2026.
RA6
High Density Residential District
The RA6 Residential District is intended to produce a high intensity of residential uses in close proximity to major nodes of non-residential development, characterized primarily by group housing, plus the necessary governmental and other support facilities to service that level of development. Land designated RA6 shall normally be located with access to a minor thoroughfare or higher classification street with access to local residential streets discouraged.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 103° expected this year, 17 days in 30 years
5/10 Wind Factor
26% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Asheboro, NC • 27203
Average low and high temperatures (°F)
46
28
53
35
69
45
75
54
76
58
86
67
88
71
79
66
80
61
71
51
63
44
51
33
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
93/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Asheboro. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1954 Lakeview Rd
$735,694
$50K under list price of $786K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $275K to $505K.