309 Morgan Street, Wadesboro, NC 28170

$499,000 · 8 bd · 8 ba · 5093 sqft

About This Property

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.

Location

309 Morgan Street, Wadesboro, NC 28170

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Property Details

Overview

Property TypeSingle Family Residence

Year Built1890

Lot Size0.39 Acres

Stories/LevelsTwo

Interior

Bedrooms8

Bathrooms (Full)8

Total Rooms1

Sqft5,093

HeatingWall Furnace

Cooling / A/CCeiling Fan(s), Wall Unit(s)

Exterior

ExteriorWood

FoundationCrawl Space

Financial

List Price$499,000

Original Price$499,000

Location

Address309 Morgan Street, Wadesboro, NC 28170

CityWadesboro

CountyAnson

StateNC

Zip28170

Listed by COMPASS · tatumsellscharlotte@gmail.com MLS# CAR4356330

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