Wadesboro · Wadesboro, NC
309 Morgan Street
Wadesboro, NC · 5,093 sqft
$478,888
Reduced from $499,000
- 8Beds
- 8Baths
- 5,093SqFt
- 1890Year
- IrregularLot
- 167Days on market
About this home
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.
Property details
- Beds
- 8
- Baths
- 8
- SqFt
- 5,093
- Lot
- Irregular
- Year built
- 1890
- Type
- Single Family
- Days on market
- 167
- Heating
- Wall Furnace
- Cooling
- Ceiling Fan(s), Wall Unit(s)
- Foundation
- Crawl Space
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$3,464/ month
- Principal & interest
- $2,965
- Property tax (~0.90%)
- $359
- Homeowners insurance
- $139
- HOA dues
- —
Down payment
$23,944 down · $454,943 financed
Income to qualify (28% rule)
~$148,488 / 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.