Shelby · Shelby, NC
801 E Marion Street
Shelby, NC · 3,898 sqft
$575,000
- 6Beds
- 6Baths
- 3,898SqFt
- 1925Year
- 97x179x81x18x62x114Lot
- 10Days on market
About this home
Incredible investment opportunity in Shelby! This property offers massive income potential for savvy investors looking to expand their portfolio. Configured as a high-capacity residential setup, the property currently functions with 7 separate rentable spaces, including a converted garage unit. There is a 2nd living quarter in a separate building. Conveniently located near local amenities, shopping, and downtown Shelby. Being offered via auction while occupied—exterior/drive-by viewings only, no interior access permitted prior to sale. Sold as-is. Don't miss this high-upside cash-flow opportunity!
Property details
- Beds
- 6
- Baths
- 6
- SqFt
- 3,898
- Lot
- 97x179x81x18x62x114
- Year built
- 1925
- Type
- Single Family
- Days on market
- 10
- Heating
- Other - See Remarks
- Cooling
- Other - See Remarks
- Foundation
- Slab
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$4,160/ month
- Principal & interest
- $3,561
- Property tax (~0.90%)
- $431
- Homeowners insurance
- $167
- HOA dues
- —
Down payment
$28,750 down · $546,250 financed
Income to qualify (28% rule)
~$178,290 / 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.