New London · New London, NC
225 Eighth Avenue
New London, NC
$199,900
- 2Beds
- 1Baths
- 0SqFt
- 1971Year
- 176X152X142X70X211Lot
- 5Days on market
About this home
FANTASTIC INVESTMENT OPPORTUNITY at Badin Lake! This property is zoned commercial but approved for residential living according to the county permitting office. Formerly a marine boat shop this garage and work area could be perfect for running a new business, renting, or just plenty of space for hobbies and storage. The unfinished home is framed out for a 2 bed, one bath, open concept Livingroom, dining, and kitchen area. All new roughed in electrical and new HVAC system. Metal roof installed in 2024 along with new vinyl siding and windows. Use your imagination to create a home that is your own personal style for full-time, part-time, long-term rental, or Airbnb! With lake views this property is a rare find at this price. Schedule your showing today!
Property details
- Beds
- 2
- Baths
- 1
- SqFt
- 0
- Lot
- 176X152X142X70X211
- Year built
- 1971
- Type
- Single Family
- Days on market
- 5
- Garage
- 2
- Heating
- Hot Water, Other - See Remarks
- Cooling
- Heat Pump, Other - See Remarks
- Foundation
- Slab
- Flooring
- Concrete
- View
- Year Round
Features
- Open Floorplan
- Other - See Remarks
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$1,446/ month
- Principal & interest
- $1,238
- Property tax (~0.90%)
- $149
- Homeowners insurance
- $58
- HOA dues
- —
Down payment
$9,995 down · $189,905 financed
Income to qualify (28% rule)
~$61,983 / 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.