Vivian Sweatt, Listing Office: SWEATT REALTY LLC
$1,401
closing credit¹
903 N Park Rd Burlington, NC 27217
Property details
About 903 N Park Rd
Investment Opportunity: Ranch-style property in Burlington on a .18-acre lot. This property features two bedrooms with carpeting, a bathroom with a tub/shower combo and vinyl flooring, and a covered porch. Currently rented at $630/month with a month-to-month lease, well below market value, offering significant potential for rental income growth. The property is priced at over a 7.2% CAP rate based on fair market rental rates. New roof installed in 2021. Sold AS-IS. Don't miss this opportunity to increase cash flow in a desirable location!
Highlights
Summary
- MLS Number: 10072296
- MLS Name: Doorify MLS
- Office Name: Berkshire Hathaway HomeService
- Office Phone: (919) 383-4663
- Office Email: Tracey.Goetz@bhhsysu.com
- Listing Agent: Stephen Fleming, Mark VanAlstyne
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Last updated on: 1/27/2025, 9:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$118,000
903 N Park Rd
$1,401
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
Date | Event | Price |
---|---|---|
Jul 02, 2018 | Home Sold | $51,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $128,069 | $600 |
2023 | $128,069 | $553 |
2022 | $57,160 | $339 |
2021 | $57,160 | $339 |
2020 | $57,160 | $722 |
2018 | $57,160 | $676 |
2017 | $57,160 | $672 |
History based on county public records data.
Nearby schools
4
Eastlawn Elementary School
Public District PK-5
1.3 mi
•502 N Graham Hopedale Rd
3
Hillcrest Elementary School
Public District PK-5
2.4 mi
•1714 W Davis St
5
R. Homer Andrews Elementary School
Public District PK-5
2.6 mi
•2630 Buckingham Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $35,357. Residents of Burlington, NC typically earn less than $<35k each year. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
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Frequently asked questions
About 903 N Park Rd
This home is located at 903 N Park Rd in Burlington, NC and zip code 27217. This 910 square foot home, which was built in 1995, sits on a 0.18 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since January 23, 2025 and is currently priced at $118,000.
While more than 21 listings in Burlington, NC in December 2024 were sold above asking price, there were more than 14 listings sold at asking price, and more than 40 were sold below. The inventory of homes for sale in Burlington, NC between November and December 2024 decreased by 9%. The median list price of listings available in December 2024 was $275,060, while the average time on the real estate market was 38 days.