Albemarle · Albemarle, NC
1025 Martin Luther King Jr Drive
Albemarle, NC · 750 sqft
$118,000
Reduced from $125,000
- 2Beds
- 1Baths
- 750SqFt
- 1940Year
- 25Days on market
About this home
Updated investment opportunity in the heart of Albemarle. This 2-bedroom, 1-bath home offers a strong option for investors looking to add a primarily move-in-ready property to their portfolio or for buyers seeking an affordable home with recent improvements already completed.
Recent updates include new vinyl plank flooring, an updated kitchen, renovated bathroom, fresh interior finishes, and an improved back deck overlooking the spacious and private backyard. The home also features a covered front porch, open living area, and functional kitchen/dining layout.
Conveniently located 1/2 mile to Main Street in downtown Albemarle providing easy access to local shops, restaurants & parks. The manageable size and updated condition make this an attractive option for rental income, long-term hold potential, or affordable owner-occupant living.
Property details
- Beds
- 2
- Baths
- 1
- SqFt
- 750
- Lot
- —
- Year built
- 1940
- Type
- Single Family
- Days on market
- 25
- Heating
- Other - See Remarks
- Cooling
- Other - See Remarks
- Foundation
- Crawl Space
- Flooring
- Vinyl
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$853/ month
- Principal & interest
- $730
- Property tax (~0.90%)
- $88
- Homeowners insurance
- $34
- HOA dues
- —
Down payment
$5,900 down · $112,100 financed
Income to qualify (28% rule)
~$36,588 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. Christy can introduce you to lenders she trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.