1954 Lakeview Rd

Asheboro, NC 27203

$825,000
Price
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Baths
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Sq. Ft.
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New
New

Description

Expand your portfolio w/ this stabilized, income-producing asset at 1954 Lakeview Rd. This impressive 10-unit complex is fully occupied & consists of uniform 1-bedroom, 1-bathroom units, providing a streamlined management experience & consistent demand. Property currently generates monthly rental income of $7,739, resulting in substantial gross annual income of $92,868. W/ 100% occupancy & a mix of established & new leases, property offers immediate, reliable cash flow from day one. The standardized...Expand your portfolio w/ this stabilized, income-producing asset at 1954 Lakeview Rd. This impressive 10-unit complex is fully occupied & consists of uniform 1-bedroom, 1-bathroom units, providing a streamlined management experience & consistent demand. Property currently generates monthly rental income of $7,739, resulting in substantial gross annual income of $92,868. W/ 100% occupancy & a mix of established & new leases, property offers immediate, reliable cash flow from day one. The standardized layouts allow efficient turnovers and simplified maintenance, ideal for investor seeking a turnkey multi-family addition. Financial details, including a full Profit & Loss statement & current lease ledger, are available in the attached documents for your review. To ensure a professional transaction & respect privacy, proof of funds or mortgage pre-approval is required prior to scheduling any walkthroughs. Don't miss out on this high-performing residential complex!
  1. Listed by Hannah Hunt • Howard Hanna Allen Tate-Asheboro

Property Details for 1954 Lakeview Road

Zoning
RA6
LISTING UPDATED: 04/09/2026 09:11 AM

Property Details for 1954 Lakeview Road

StatusNew Listing
MLS #1215392
Days on Market1
Taxes$2,393 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1979
CountyRandolph County
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Location

Listing Courtesy of Howard Hanna Allen Tate-Asheboro
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Building Information for 1954 Lakeview Road

Building/Complex1954 Lakeview RdFloor-Stories-Residences-Pet Policy-Pet Policy Details-Year Built1979Building Size-

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$4,354 per month

30 year fixed, 6.46% Interest

Principal and Interest

$4,154

Property Taxes

$199

HOA Dues

$0

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Property Information for 1954 Lakeview Road

Summary
Location and General Information
  • County Or Parish: Randolph
  • City: Asheboro
  • Directions: N. Fayetteville St, right onto Central Falls, left onto Lakeview Rd. Apartment building on the right.
  • Latitude: 35.750901
  • Longitude: -79.794031
  • Postal Code: 27203
Taxes and HOA Information
  • List AOR: Greensboro
  • Tax Rate: .13%
  • Tax Annual Amount: $2,393.00
  • Tax Assessed Value: $180,530.00
  • Tax Year: 2025
  • Parcel Number: 7762493027
  • Association: No
Parking
  • Parking Features: Paved
Property
Lot Information
  • Lot Size Acres: 0.48
  • Water Source: Public
  • Year Built: 1979
Property and Assessments
  • Photos Count: 17
  • Property Type: Residential Income
  • Deed Book: 2944
  • Deed Page: 477
  • PlatBook: 20-12
  • Documents Count: 4
Utilities
  • Heating Fuel: Electric
  • Sewer: Public Sewer
  • Water Heater: Electric
Interior and Exterior Features
Exterior Features
  • Pool Features: None
  • Pool: No
Interior Features
  • Appliances: Electric Water Heater
  • Cooling: Window Unit(s)
  • Heating: Baseboard, Electric
Multi Family
Multi-Family Information
  • Number Of Units In Community: 0
Rental
Rental Information
  • Listing Agreement: Exclusive Right To Sell

Property History for 1954 Lakeview Road

DateEvent & SourcePriceAppreciation
Apr 9, 2026

Listed (Active)

TRIAD #1215392

$825,000—
Apr 24, 2024

Sold (Public Record)

Public Record #1531762841

$465,000

+21.9% / yr

Jul 15, 2020

Sold (Public Record)

Public Record #675215503

$220,000—
Jul 9, 2020

Sold (Public Record)

Public Record #675075279

$187,000—
Jan 31, 2013

Expired

TRIAD #648905

—
Jul 24, 2012

Listed (Active)

TRIAD #648905

$155,192—
Jul 12, 2012

Expired

TRIAD #618037

—
Jul 11, 2011

Listed (Active)

TRIAD #618037

$180,000—
DateEvent & SourcePrice
04/09/2026

Listed (Active)

TRIAD #1215392

$825,000
04/24/2024

Sold (Public Record)

Public Record #1531762841

$465,000

+21.9% / yr

07/15/2020

Sold (Public Record)

Public Record #675215503

$220,000
07/09/2020

Sold (Public Record)

Public Record #675075279

$187,000
01/31/2013

Expired

TRIAD #648905

—
07/24/2012

Listed (Active)

TRIAD #648905

$155,192
07/12/2012

Expired

TRIAD #618037

—
07/11/2011

Listed (Active)

TRIAD #618037

$180,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1954 Lakeview Road

Taxable ValueLand$100,000Additions$125,970Total$225,970
Tax Record2025$2,393 ($199 / month)
Home Facts
Total Finished SqFt2,362 SqFtAbove Grade Finished SqFt2,362 SqFtStories1Lot Size20,909 SqFtStyleMulti-Family Res (5+ Units)Year Built1979ZoningRA6CountyRANDOLPHAPN7762493027

Schools near 1954 Lakeview Road

This home is within Asheboro City School District.
Rating
School
Type
Grades
Distance
Balfour Elementary School
Public - PK to 5
North Asheboro Middle School
Public - 6 to 8
Asheboro High School
Public - 9 to 12
Neighbors Grove Christian Academy
Private - K to 12
Rating
School
Distance
Balfour Elementary School
PublicPK to 5

North Asheboro Middle School
Public6 to 8

Asheboro High School
Public9 to 12

Neighbors Grove Christian Academy
PrivateK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1954 Lakeview Road, Asheboro, NC 27203

1954 Lakeview Road is a multi-family home for sale in Asheboro, NC 27203. This property was listed for sale on April 9, 2026 by Howard Hanna Allen Tate-Asheboro, it's currently listed at $825,000. It has been on the market for a total of 0 days and was last sold on April 24, 2024. This listing's school district is Asheboro City School District. Nearby schools include Balfour Elementary School, North Asheboro Middle School and Asheboro High School. 1954 Lakeview Road is a 0-bed, 0-bath, multi-family home built in 1979.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Howard Hanna Allen Tate-Asheboro

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