905 N Park Road
Burlington, NC 27217
- 2 beds
- 1 bath
- 816 sqft
- 7,405 sqft lot
- $144 per sqft
- 1995 build
- – on site
This charming ranch-style home on a .18-acre lot offers great potential for rental income growth. Located just a short walk from North Park, the property features two cozy bedrooms with carpeting, a bathroom with a tub/shower combo and vinyl flooring, and a covered front porch. Currently rented at $570/month through the Graham Housing Authority on a month-to-month lease, this is well below market value and has just been approved for an increase to $925/month starting in March. The property is priced to provide a strong return, offering a CAP rate of over 7.2% based on fair market rental rates with room to increase with updates. Recent updates include a new roof installed in 2022, new HVAC system in 2023, and a new water heater in 2024. Sold AS-IS. Don't miss out on this chance to grow your cash flow in a desirable location with room for improvement.
Last checked:
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Checking…
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Last updated Jan 24, 2025
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MLS# 10072297 —
The Building
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Year Built:1995
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New Construction:false
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Construction Materials:Frame
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Architectural Style:Ranch
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Roof:Shingle
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Foundation Details:Raised
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Stories:1
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Levels:One
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Basement:false
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Building Area Total:816
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Building Area Units:Square Feet
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Above Grade Finished Area:816
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Above Grade Finished Area Units:Square Feet
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Below Grade Finished Area Units:Square Feet
Interior
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Rooms Total:1
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Flooring:Carpet
Room Dimensions
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Living Area:816
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Living Area Units:Square Feet
Financial & Terms
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Lease Term:Month To Month
Location
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Directions:From Downtown Burlington: Head north on S Main St toward W Davis St. Continue straight as Main St becomes N Park Rd. Follow N Park Rd until you reach 905 N Park Rd on the left. From I-40/I-85: Take exit 143 for NC-62 N toward Alamance/Burlington. Continue on NC-62 N. Turn right onto N Park Rd and continue straight until you arrive at 905 N Park Rd. From Alamance Rd (US-70): Head west on Alamance Rd, then turn right onto N Park Rd. Continue north, and 905 N Park Rd will be on your right.
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Latitude:36.114312
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Longitude:-79.423659
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Coordinates:-79.423659, 36.114312
The Property
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Property Type:Residential
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Lot Features:Back Yard
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Property Subtype:Single Family Residence
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Parcel Number:140641
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Lot Size Acres:0.17
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Lot Size Area:7405.2
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Lot Size SqFt:7405.2
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Lot Size Units:Square Feet
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View:true
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (919) 275-0722
- Office phone:
- (919) 383-4663
Taxes
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Tax Annual Amount:551.6
Beds
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Bedrooms Total:2
Baths
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Total Baths:1
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Total Baths:1
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Total Baths:1
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Full Baths:1
The Listing
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Special Listing Conditions:Real Estate Owned
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Utilities:Electricity Connected
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Sewer:Public Sewer
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Water Source:Public
Schools
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Elementary School:Alamance - R Homer Andrews
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Middle Or Junior School:Alamance - Broadview
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High School:Alamance - Hugh Cummings
The Community
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Subdivision Name:Not in a Subdivision
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Association:false
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Pool Private:false
Parking
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Garage:false
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Carport:false
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Open Parking:true
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Open Parking Spaces:2
Monthly cost estimate
Asking price
$118,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$631
|
| Taxes | $45 |
| Insurance | $32 |
| Utilities | $122 See report |
| Total | $830/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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1/23/25
Jan 23, 2025
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Listed / Active | DMLS | $118,000 | 156.5% (23.8% / YR) |
|
6/29/18
Jun 29, 2018
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DMLS | $46,000 | -16.4% | |
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5/21/18
May 21, 2018
|
TRIAD | $55,000 |
