1001 Richland Street

High Point, NC 27260

$395,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Cash flowing units! Less than $66,000 per door! 6 units spread over 3 duplexes. All buildings feature low maintenance finishes! Brick exterior, slab foundation, cinderblock walls, vinyl and lvp floors (carpet in some bedrooms). These homes are easy to own. Several units have been through recent updates. All units are currently occupied so there is income immediately after closing. Potential for rent increases gives you a chance to improve this tremendous investment to start or add to your growing...Cash flowing units! Less than $66,000 per door! 6 units spread over 3 duplexes. All buildings feature low maintenance finishes! Brick exterior, slab foundation, cinderblock walls, vinyl and lvp floors (carpet in some bedrooms). These homes are easy to own. Several units have been through recent updates. All units are currently occupied so there is income immediately after closing. Potential for rent increases gives you a chance to improve this tremendous investment to start or add to your growing portfolio. Get a piece of the growing High point rental market now!
  1. Listed by Nathaniel Birdsong • Salem Realty

Property Details for 1001 Richland Street

Zoning
RM-8

Location

Listing Courtesy of Salem Realty
Add your commute
LISTING UPDATED: 04/26/2024 12:49 PM

Property Details for 1001 Richland Street

StatusDue Diligence Period
MLS #1139694
Days on Market8
Taxes$1,991 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1962
Lot Size0.58 AC / 25,264 SF
CountyGuilford County

Location

Listing Courtesy of Salem Realty
Add your commute

Building Information for 1001 Richland Street

Stories-Residences6Year Built1962Building Size-Lot Size0.58 AC / 25,264 SF

Payment Calculator

$2,322 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,156

Property Taxes

$166

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1001 Richland Street

Summary
Location and General Information
  • County Or Parish: Guilford
  • City: High Point
  • Directions: No sign in the yard. Please do not disturb tenants
  • Latitude: 35.947951
  • Longitude: -79.991661
  • Postal Code: 27260
Taxes and HOA Information
  • List AOR: Winston-Salem
  • Tax Rate: 1.35%
  • Tax Annual Amount: $1,991.00
  • Tax Assessed Value: $147,700.00
  • Tax Year: 2022
  • Parcel Number: 0174177
  • Association: No
Parking
  • Parking Features: Driveway
Property
Lot Information
  • Lot Size Acres: 0.58
  • Built Information: Existing
  • Total Heated Finished SqFt Range: 0 - 0
  • Water Source: Public
  • Year Built: 1962
Property and Assessments
  • Photos Count: 11
  • Property Type: Residential Income
  • DDP End Date: 05-20-2024
  • Deed Book: 8705
  • Deed Page: 2175
  • Documents Count: 4
Utilities
  • Heating Fuel: Natural Gas
  • Sewer: Public Sewer
  • Water Heater: Unknown
Interior and Exterior Features
Exterior Features
  • Pool Features: None
  • Construction Materials: Brick
  • Pool: No
Interior Features
  • Cooling: Window Unit(s)
  • Flooring: Carpet, Vinyl
  • Heating: Wall Furnace, Natural Gas
Multi Family
Multi-Family Information
  • Total Units: 6
  • Number Of Units In Community: 6
Rental
Rental Information
  • Listing Agreement: Exclusive Right To Sell
  • Number Of Units Leased: 6

Property History for 1001 Richland Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1001 Richland Street

Taxable ValueLand$10,000Additions$112,500Total$122,500
Tax Record2023$1,991 ($166 / month)
Home Facts
Baths6Total Finished SqFt1,600 SqFtAbove Grade Finished SqFt1,600 SqFtStories1Lot Size25,265 SqFtStyleMulti-Family Dwelling (2-4)Year Built1962Year Renovated1980ZoningRMCountyGUILFORDAPN0174177Fireplace TypeHas Fireplace

Schools near 1001 Richland Street

This home is within Guilford County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Fairview Elementary School
PublicPK to 5

Ferndale Middle School
Public6 to 8

High Point Central High School
Public9 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.

Similar Homes

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Similar Sold Homes

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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Salem Realty

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) Program of the Triad MLS, Inc. of High Point, NC. Real estate listings held by brokerage firms other than Compass are marked with the Internet Data Exchange logo or the Internet Data Exchange (IDX) thumbnail logo (the TRIAD MLS logo) and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify perspective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by potential buyers and sellers is prohibited. Copyright© 2024 Triad MLS, Inc. of High Point, NC. All Rights Reserved. Data cannot be redistributed and cannot be used for any reason other than provided in the contract.