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$825,000 Just Listed
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Property 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 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!
Full Property Details
Full Property Details for 1954 Lakeview Rd
General
- Price: $825,000
- Taxes: $2,393
- Status: Active
- Type: Apartment
- Source: Triad_MLS
- MLS ID: 1215392
- Updated: 4/9/2026
- Added to Site: 2 day(s) ago
Interior
- Appliances: Electric Water Heater
Parking
- Parking Features: Paved
Location
- County: Randolph
- Driving Directions: N. Fayetteville St, right onto Central Falls, left onto Lakeview Rd. Apartment building on the right.
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Baseboard, Electric
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Year Built: 1979
Lot Features
- Lot Size (Acres): 0.48
Financial Considerations
- Price Per Acre: $1,718,750
- Tax Amount: $2,393
Disclosures and Reports
- Special Conditions: Owner Sale
Listed by Howard Hanna Allen Tate-Asheboro
Get Pre-Approved Today
Schools
Schools serving 1954 Lakeview Rd
School District:Asheboro City Schools
| Name | Grades | Distance |
|---|---|---|
Balfour Elementary School 2097 North Asheboro School Road, Asheboro, NC 27203 | PK-5 | 1.6 mi |
North Asheboro Middle School 1861 North Asheboro School Road, Asheboro, NC 27203 | 6-8 | 1.6 mi |
Asheboro High School 1221 South Park Street, Asheboro, NC 27203 | 9-12 | 4.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1954 Lakeview Rd
Date
Details
Price
Change
Source
4/09/2026
Listed
$825,000
77.42%
MLS
4/24/2024
Sold
$465,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1954 Lakeview Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,393
—
$225,970
25%
2024
$2,396
—
$180,530
—
2023
$2,396
32%
$180,530
44%
2022
$1,810
—
$125,290
—
2021
$1,810
—
$125,290
—
2020
$1,809
—
$125,290
—
2019
$1,809
-2%
$125,290
—
2018
$1,845
—
$125,480
—
2017
$1,845
—
$125,480
—
2016
$1,845
—
$125,479
—
2015
$1,848
2%
$125,479
—
2014
$1,804
-9%
$125,479
-18%
2013
$1,987
—
$153,020
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1954 Lakeview Rd
1954 Lakeview Road, Asheboro, NC 27203 (MLS# 1215392) is a Apartment property with 0 bedrooms and 0 full bathrooms. 1954 Lakeview Road is currently listed for $825,000 and was received on April 09, 2026. Want to learn more about 1954 Lakeview Road? Do you have questions about finding other Apartment real estate for sale in Asheboro? You can browse all Asheboro real estate or contact a Coldwell Banker agent to request more information.

