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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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108 S Main St , Wingate, NC 28174
$469,000
Est. Payment: $1,042.22/mo
7 Bed
3 Bath
2792 Sqft
Status: Active | Days on site: 10
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10676 - 66077,75792
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House Description

Exceptional Investment Opportunity Near Wingate University! Located just steps from the campus, this well-maintained property offers an outstanding opportunity for investors seeking immediate and future income potential. Currently configured and operated as student housing, the home features over 2,500 square feet with seven private bedrooms, including one bedroom with a private en-suite bath, a spacious shared kitchen, central community laundry room, welcoming foyer, and two additional shared full bathrooms. Situated on approximately 0.95 acres, the property also offers a large private parking lot for residents and a detached garage used exclusively for owner storage. Since purchasing the property in 2019, the current owners have completed numerous major capital improvements, including a new roof, plumbing upgrades, all new windows, new HVAC equipment, and a fully functional, code-compliant fire sprinkler system. Only one bedroom is currently occupied, as ownership has elected to stop leasing additional rooms in preparation for the sale. This provides the new owner with the opportunity to establish their own leasing strategy, tenant selection, and rental rates while filling the remaining vacancies at their own pace. With its established history as student housing, ample on-site parking, significant recent improvements, and prime location just minutes from Wingate University, this is a rare opportunity to acquire a unique investment property with substantial upside potential.

Highlights

Listed by Eric Storey , 704-221-6506 and Kelly Horton , 704-221-6506 Blue Collar Realty LLC , 704-221-6506.

Property Type

Residential

Lot/Acreage
0.95

Year Built

1914

County

Union

Listing ID

4407726

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:7
  • Bathrooms:3
  • Full Bathrooms:3
Air Cond:Central Air,Heat Pump
Fireplaces:Non-Functional
Above Ground Sq Ft:2792
Below Ground Sq Ft:0
Water:City

Exterior Features

Lot:Corner Lot
Sewer:Public Sewer
Parking Features:Parking Lot,Parking Space(s)
Principal Interest
$1,042
Taxes
$299

Home Price

$469,000

Loan Details

30 yrs
%

Down Payment

20%
$93,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,042.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,042.22 $298.99 $0.00 $1,341.21
Yearly $12,506.67 $3,587.85 $0.00 $16,094.52
Total $375,200.00 $107,635.50 $0.00 $482,835.50

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Wingate, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.