2088 NC Highway 801 S - 1800s House & Cabin
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2088 NC Highway 801 S - 1800s House & Cabin
2 Unit Apartment Building Offered at $369,000 in Advance, NC 27006
Investment Highlights
- Cabin: New Electrical, Plumbing, Chimney Cap, Insulation, Bathroom, Kitchen, Septic Unit, Mini Splits, Tongue and Groove Walls, Refinished Floors
- Road Frontage
- White House: Fresh Exterior Paint, Landscaping, Septic is ~1-2 years old (per previous owner), Roof is around ~10 years old (per previous owner)
Executive Summary
Historic property in Advance (property is not on historic registry)! Completely renovated cabin, boasting a double-sided fireplace in both the great room and living room. Cabin has a new kitchen, bathroom, plumbing, electrical, mini-splits, chimney-cap, and refinished wood floors. The larger white house has received a fresh coat of exterior paint, new landscaping, and gravel driveway. Prime Airbnb opportunity. Square footage is derived from tax records. Key furniture has been added in the cabin to kick-start Airbnb opportunity - seller is willing to include personal property in the sale with suitable offer.
Property Facts
| Price | $369,000 | Lot Size | 1.07 AC |
| Price Per Unit | $184,500 | Building Size | 3,700 SF |
| Sale Type | Investment | Average Occupancy | 0% |
| Sale Conditions | Bulk/Portfolio Sale | No. Stories | 2 |
| No. Units | 2 | Year Built/Renovated | 1888/2023 |
| Property Type | Multifamily | Parking Ratio | 2.16/1,000 SF |
| Price | $369,000 |
| Price Per Unit | $184,500 |
| Sale Type | Investment |
| Sale Conditions | Bulk/Portfolio Sale |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 1.07 AC |
| Building Size | 3,700 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built/Renovated | 1888/2023 |
| Parking Ratio | 2.16/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 1,500 |
| 3+1 | 1 | - | 2,200 |
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zoning
| Zoning Code | RS9 (Gravel Driveway / Parking Area) |
| RS9 (Gravel Driveway / Parking Area) |
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The Real Estate Works, Inc
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2088 NC Highway 801 S - 1800s House & Cabin
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