5221 Highway 700

Beds
Baths
Sq. Ft.
/ Sq. Ft.
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per Sq. Ft.

Description

This is the investment opportunity you have been waiting for! 16 entirely furnished apartments that are fully leased. Currently, the property is utilized as weekly short-term rentals and there are many long term tenants that have been there for years. The apartments have been in the same family since being built and are extremely well maintained. The Office/Laundry/Recreation building was added in 2011/2012. The roofs were replaced in 2021 and the warranty is transferrable to the new owner. Double...This is the investment opportunity you have been waiting for! 16 entirely furnished apartments that are fully leased. Currently, the property is utilized as weekly short-term rentals and there are many long term tenants that have been there for years. The apartments have been in the same family since being built and are extremely well maintained. The Office/Laundry/Recreation building was added in 2011/2012. The roofs were replaced in 2021 and the warranty is transferrable to the new owner. Double Pane Windows, Larson Storm/Exterior doors, gutters exterior lighting has all been replaced. Duke Energy is metered separately for each unit. Dan River Water is not currently separated. Septic pumped 2022. All Electric Baseboard Heat/Window A/C Units. Surveillance Cameras in common areas. Showings are available after an offer has been accepted. All units are 1bed 1bath. The owner keeps a waiting list for occupancy. Do not disturb tenants!
  1. Listed by Stephanie Long • Realty One Group Results Reidsville

Property Details for 5221 Highway 700

Architectural Style
Two Story
Flood Zone
Not in Flood Zone
Zoning
RM
LISTING UPDATED: 05/31/2023 11:04 PM

Property Details for 5221 Highway 700

StatusClosed
MLS #1094504
Days on Market50
Taxes$2,272 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1969
CountyRockingham County

Location

Listing Courtesy of Realty One Group Results Reidsville

Sold By Keller Williams One

Add your commute

Building Information for 5221 Highway 700

Building/Complex5221 Highway 700Floor-Stories-Residences16Pet Policy-Pet Policy Details-Year Built1969Building Size-

Payment Calculator

$4,941 per month

30 year fixed, 6.15% Interest

Principal and Interest

$4,752

Property Taxes

$189

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5221 Highway 700

Summary
Location and General Information
  • County Or Parish: Rockingham
  • City: Eden
  • Directions: From Greensboro: Hwy 29N to Ext 153 Reidsville/Eden/Yanceyville, Left on US-158, Go 2.5 mi. Right on US 29 Bus. Left on Oregon Hill Rd. Go 6 mi. Left on NC Hwy 700 for 2.0 mi. Sandstone is on the right
  • Latitude: 36.486045
  • Longitude: -79.676106
  • Postal Code: 27288
  • Postal Code Plus 4: 8077
  • City Limits: Yes
Taxes and HOA Information
  • List AOR: Winston-Salem
  • Tax Rate: 1.30%
  • Tax Annual Amount: $2,272.00
  • Tax Assessed Value: $279,943.00
  • Tax Legal Description: LOT 4-6 NC 700 E W MOONEY S/D
  • Tax Lot: 4-6
  • Tax Year: 2021
  • Parcel Number: 156535
  • Association: No
Parking
  • Parking Features: Lighted, Parking Deck / Lot Available, Paved
Virtual Tour
Property
Lot Information
  • Lot Features: City Lot, Rural
  • Lot Size Acres: 1.5
  • Above Grade Finished Area: 0.0
  • Lot Number: 4-6
  • Storage: Extra Storage Space, Outside Storage
  • Total Heated Finished SqFt Range: 0 - 0
  • Water Source: Public
  • Year Built: 1969
Property and Assessments
  • Photos Count: 38
  • Property Type: Residential Income
  • Deed Book: 1343
  • Deed Page: 1541
  • Environmental Hazards: No
  • PlatBook: 8-13
  • Documents Count: 3
Green Features
  • Energy Features: Storm Doors
Utilities
  • Heating Fuel: Electric
  • Sewer: Septic
  • Water Heater: Electric
Interior and Exterior Features
Exterior Features
  • Exterior Features: Patio
  • Pool Features: None
  • Door Features: Storm Door(s)
  • Construction Materials: Brick, Vinyl Siding
  • Community Features: Game Room,Park & Picnic
  • Laundry Features: Coin Laundry, Common Area
  • Pool: No
Interior Features
  • Appliances: Water Heater: Electric
  • Cooling: Window Unit(s)
  • Flooring: Carpet, Vinyl
  • Heating: Electric Baseboard, Electric
Multi Family
Multi-Family Information
  • Total Units: 16
  • Units Furnished: All Units
  • Number Of Units In Community: 1
Income & Expenses Information
  • Gross Income: $130,000.00
Rental
Rental Information
  • Listing Agreement: Exclusive Right To Sell
  • Number Of Units Leased: 16

Property History for 5221 Highway 700

DateEvent & SourcePriceAppreciation
May 31, 2023

Sold

TRIAD #1094504

$975,000
May 30, 2023

Sold (Public Record)

Public Record #1529411072

$970,000
Mar 18, 2023

Pending

TRIAD #1094504

Mar 15, 2023

Price Change

TRIAD #1094504

$1,000,000
Mar 14, 2023

Listed (Active)

TRIAD #1094504

Feb 26, 2023

Pending

TRIAD #1094504

Jan 27, 2023

Listed (Active)

TRIAD #1094504

$1,200,000
DateEvent & SourcePrice
05/31/2023

Sold

TRIAD #1094504

$975,000
05/30/2023

Sold (Public Record)

Public Record #1529411072

$970,000
03/18/2023

Pending

TRIAD #1094504

03/15/2023

Price Change

TRIAD #1094504

$1,000,000
03/14/2023

Listed (Active)

TRIAD #1094504

02/26/2023

Pending

TRIAD #1094504

01/27/2023

Listed (Active)

TRIAD #1094504

$1,200,000

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

Public Records for 5221 Highway 700

Taxable ValueLand$37,500Additions$396,489Total$433,989
Tax Record2025$2,897 ($241 / month)
Home Facts
Total Finished SqFt4,256 SqFtAbove Grade Finished SqFt4,256 SqFtStories1Lot Size65,340 SqFtStyleMulti-Family Res (5+ Units)Year Built1969ZoningRES MIXED COUCountyROCKINGHAMAPN8909-00-16-2468-00

Schools near 5221 Highway 700

This home is within Rockingham County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 13
Rating
School
Distance
Lincoln Elementary
PublicPK to 5

Rockingham County Middle
Public6 to 8

Rockingham County High
Public9 to 12

Rockingham County Early College Hi
Public9 to 13

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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Listing Courtesy of Realty One Group Results Reidsville

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