400-402 Lake Drive

Archdale, NC 27263

$134,900
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investment Alert! Don't miss this fantastic opportunity in Archdale! This charming duplex offers two units, each boasting 1 bedroom plus a bonus room, ideal for flexible living arrangements. Enjoy the convenience of the eat-in kitchen and full bathroom in each unit, along with the added allure of front and back porches, perfect for relaxing or entertaining. Currently rented on a month-to-month basis, this property provides immediate cash flow potential. With its versatile layout, this duplex promises...Investment Alert! Don't miss this fantastic opportunity in Archdale! This charming duplex offers two units, each boasting 1 bedroom plus a bonus room, ideal for flexible living arrangements. Enjoy the convenience of the eat-in kitchen and full bathroom in each unit, along with the added allure of front and back porches, perfect for relaxing or entertaining. Currently rented on a month-to-month basis, this property provides immediate cash flow potential. With its versatile layout, this duplex promises both short-term returns and long-term appreciation. Act fast to secure your stake in this lucrative investment opportunity!
  1. Listed by Angela Brown Cranford • Price REALTORS - Archdale
  2. Listed by Brandon Cranford • Price REALTORS - Archdale

Property Details for 400-402 Lake Drive

Zoning
R-10

Location

Listing Courtesy of Price REALTORS - Archdale
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LISTING UPDATED: 04/25/2024 09:19 AM

Property Details for 400-402 Lake Drive

StatusDue Diligence Period
MLS #1139138
Days on Market10
Taxes$938 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1970
Lot Size0.34 AC / 14,810 SF
CountyRandolph County

Location

Listing Courtesy of Price REALTORS - Archdale
Add your commute

Building Information for 400-402 Lake Drive

Stories-Residences2Year Built1970Building Size-Lot Size0.34 AC / 14,810 SF

Payment Calculator

$814 per month

30 year fixed, 7.25% Interest

Principal and Interest

$736

Property Taxes

$78

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 400-402 Lake Drive

Summary
Location and General Information
  • County Or Parish: Randolph
  • City: Archdale
  • Directions: I-85 N toward Greensboro, Exit 108 for Hopewell Ch Rd. Left on Hopewell Church Rd, Continue onto Surrett Dr, Turn right onto Archdale Blvd, Turn left on Lake Dr, Duplex will be on the left.
  • Latitude: 35.913696
  • Longitude: -79.988391
  • Postal Code: 27263
  • Postal Code Plus 4: 8407
Taxes and HOA Information
  • List AOR: High Point
  • Tax Rate: 1.03%
  • Tax Annual Amount: $938.00
  • Tax Assessed Value: $91,000.00
  • Tax Year: 2023
  • Parcel Number: 7708783923
  • Association: No
Parking
  • Garage Spaces: 0.0
  • Parking Features: Driveway
School Information
  • High School: Call School Board
  • Elementary School: Caleb Creek
Property
Lot Information
  • Lot Size Acres: 0.34
  • Lot Size Dimensions: subject to survey
  • Built Information: Existing
  • Total Heated Finished SqFt Range: 0 - 0
  • Water Source: Public
  • Year Built: 1970
Property and Assessments
  • Photos Count: 14
  • Property Type: Residential Income
  • DDP End Date: 05-24-2024
  • Deed Book: 2143
  • Deed Page: 1032
  • PlatBook: 8-96
  • Documents Count: 2
Utilities
  • Heating Fuel: Electric
  • Sewer: Public Sewer
  • Water Heater: Electric
Interior and Exterior Features
Exterior Features
  • Pool Features: None
  • Construction Materials: Aluminum Siding, Wood Siding
  • Pool: No
Interior Features
  • Appliances: Electric Water Heater
  • Cooling: Window Unit(s)
  • Flooring: Carpet, Vinyl
  • Heating: Baseboard, Electric
Multi Family
Multi-Family Information
  • Number of Unfurnished Units: 2
  • Total Units: 2
  • Units Furnished: None
  • Number Of Units In Community: 2
Rental
Rental Information
  • Listing Agreement: Exclusive Right To Sell

Property History for 400-402 Lake Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 400-402 Lake Drive

Taxable ValueLand$16,500Additions$43,260Total$59,760
Tax Record2020$691 ($58 / month)
Home Facts
Baths2Total Finished SqFt1,676 SqFtAbove Grade Finished SqFt1,676 SqFtStories1Lot Size14,810 SqFtStyleDuplexYear Built1970Year Renovated1970ZoningR-10CountyRANDOLPHAPN7708783923

Schools near 400-402 Lake Drive

This home is within Randolph County School System.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Archdale Elementary School
PublicK to 5

Archdale-Trinity Middle School
Public7 to 8

Trinity High
Public9 to 12

Randolph Early Colle
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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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 Price REALTORS - Archdale

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