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1314 Franklin Avenue, High Point, NC 27260
$220,000
1314 Franklin Avenue, High Point, NC 27260View this property at 1314 Franklin Avenue, High Point, NC 27260
1314 Franklin AvenueHigh PointNC27260
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Property Description
This is an investors dream! Cash flowing right now! 3 units renting for $500 per unit, 4 units renting for $600 monthly. Utilities included and bills are around $800 monthly. Roof replaced in May. HVAC system works like a charm. 6 rooms rented with 6 month leases. The crawl space was fitted with a moisture barrier and regular pest inspection and treatment done. Private parking in the rear of the house. Two rooms are furnished. The best thing about this property is the 10.5% cap rate!!!! Unheard of! The seller is the listing agent and is willing to maintain the property management for the potential buyer at 10%. This is the investment opportunity you have been waiting on! $5000 towards closing costs with full price cash offers.
Full Property Details
Full Property Details for 1314 Franklin Ave
General
- Price: $220,000
- Taxes: $599
- Status: Active
- Type: Single Family
- MLS ID: 1108096
- Updated: 5/22/2024
- Added to Site: 365 day(s) ago
Interior
- Appliances: Electric Water Heater
Parking
- Parking Features: Driveway, Enclosed, Gravel, Lighted
Location
- County: Guilford
- Driving Directions: traveling up Green St towards University, turn right on Hill St, then left on Franklin. House is on the left
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Forced Air, Electric
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Year Built: 1922
Lot Features
- Lot Dimensions: 12632
Financial Considerations
- Tax Amount: $599
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3.5%
Listed by Versatile Real Estate Group
Get Pre-Approved Today
Schools
Schools serving 1314 Franklin Ave
School District:Guilford County Schools
Rating | Name | Grades | Distance |
---|---|---|---|
2401 Triangle Lake Rd, High Point, NC 27260 | PK-5 | 0.8 mi | |
4368 Barrow Rd, High Point, NC 27265 | 6-8 | 6.2 mi | |
4364 Barrow Rd, High Point, NC 27265 | 9-12 | 6.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1314 Franklin Ave
Date
Details
Price
Change
Source
5/22/2024
Price Reduced
$220,000
-6.38%
MLS
1/22/2024
Price Reduced
$235,000
-2.08%
MLS
1/10/2024
Price Reduced
$240,000
-4%
MLS
11/21/2023
Price Reduced
$250,000
-3.85%
MLS
10/12/2023
Price Reduced
$260,000
-5.45%
MLS
7/30/2023
Price Reduced
$275,000
-8.33%
MLS
6/07/2023
Listed
$300,000
—
MLS
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 1314 Franklin Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,845
208%
$129,800
-5%
2022
$599
71%
$136,900
439%
2021
$350
—
$25,400
—
2020
$350
—
$25,400
—
2019
$350
—
$25,400
—
2018
$350
—
$25,400
—
2017
$350
21%
$25,400
23%
2016
$290
—
$20,700
—
2015
$290
-2%
$20,700
—
2014
$297
-1%
$20,700
—
2013
$299
—
$20,700
—
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 1314 Franklin Ave
1314 Franklin Avenue, High Point, NC 27260 (MLS# 1108096) is a Single Family property with 0 bedrooms and 0 full bathrooms. 1314 Franklin Avenue is currently listed for $220,000 and was received on June 07, 2023. Want to learn more about 1314 Franklin Avenue? Do you have questions about finding other Single Family real estate for sale in High Point? You can browse all High Point real estate or contact a Coldwell Banker agent to request more information.