Investor opportunity for an income property with 9.5% cap rate. Current tenant has been in place for over 20 years and recently signed another 3 year lease. Also has a basement apartment that has been renovated and is currently rented. 6 bedrooms, 5 full baths, all wheelchair accessible a living room, dining room and kitchen. Basement apartment was just renovated.
Investor opportunity for an income property with 9.5% cap rate. Current tenant has been in place for over 20 years and recently signed another 3 year lease. Also has a basement apartment that has been renovated and is currently rented. 6 bedrooms, 5 full baths, all wheelchair accessible a living room, dining room and kitchen. Basement apartment was just renovated.
TMLS #2235191
Aug 5, 2019
Listing Removed
—
Feb 4, 2019
Listed
$379,900
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Permits
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
Alamance County
APN
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Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Jun 5, 2025.
Jul 12, 2012 • Final
Plumbing residential - new construction
Plumbing
Water heater
Oct 27, 2009 • Final
Inspections department
Electrical
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Total: 3
Interior
Virtual Tour
Interior Features
Flooring: Laminate
Multi-Family Financial Information
Number Of Units Total: 2
Owner Pays: None
Exterior
Building Information
Construction Materials: Brick
Building Area Total: 0.0
Property information
Accessibility Features: Accessible Approach with Ramp, Accessible Doors, Accessible Entrance, Accessible Full Bath, Accessible Washer/Dryer, Aging In Place, Level Flooring
Lot Information
Lot Size Acres: 0.0
Lot Size Area: 0.0
Lot Size Square Feet: 0.0
Financial
Tax Information
Tax Annual Amount: 894.0
Financial Information
Buyer Financing: Other
Utilities
Utility Information
Sewer: Public Sewer
Water Source: Public
Heating & Cooling
Heating: Yes
Heating Information: Forced Air, Propane
Cooling: Yes
Cooling Information: Central Air, Zoned
Location
School Information
Elementary School: Alamance - Alexander Wilson
Middle Or Junior School: Alamance - Western
High School: Alamance - West Alamance
Location Information
County Or Parish: Alamance
Directions: S Church St toward W Webb Ave. Left onto W Webb Ave. Right onto Elmira St. Slight left onto Burch Bridge Rd. Home is on the right.
Latitude: 36.12555
Longitude: -79.461349
Postal Code: 27217
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Alamance County
APN: —
Home facts updated by county records on Jun 5, 2025
Other
Listing Date Information
Contract Status Change Date: 2019-12-17
Photos Change Timestamp: 2023-11-28T22:39:15Z
Price Change Timestamp: 2019-12-18T00:52:46Z
Listing Price Information
Previous List Price: 349000.0
Around this home
Schools
Altamahaw Ossipee Elementary
Public K-5 • Assigned • 4.6mi
7/10
Western Middle
Public 6-8 • Assigned • 3.4mi
6/10
Western Alamance High
Public 9-12 • Assigned • 2.8mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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 104° expected this year, 18 days in 30 years
4/10 Wind Factor
19% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Burlington, NC • 27217
Average low and high temperatures (°F)
47
26
53
33
69
43
76
51
78
56
89
66
90
71
81
65
79
62
72
49
65
42
52
32
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 5.1 hours in December, which is comparable to the
U.S. average for solar exposure.
9 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$436,000 – $527,000
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