$110,000
●
House -
Off Market
107 West Avenue
Graham, NC 27253
1 Bed
1 Bath
$87,591
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model
About This Property
Lots of potential in this bungalow in Graham; This house was rented
for years. Baseboard heat and window units for air conditioning.
Originally the living room was a bedroom and living room they took
the wall down to make a larger living area. The house was added on
to and the original part has slab foundation the addition has a
crawl space. One Bedroom has the entrance to the screened porch.
The kitchen has no stove and refrigerator remains. Washer outlet in
kitchen and dryer is on the screened porch. SELLING IN "AS IS"
condition; Hand Dug Well is on property but filled in by seller
years ago. Storage Shed and concrete pad; Drainage Ditch on Back of
Property See survey. The tax office is doing a tax appraisal for
the new tax card for this lot. No tax amount yet. The current tax
card is for both the properties is the amount of $150,555 before
they split the lot up. Stakes showing the division of the two
homes. (See 1247 S. Main St) for both the properties is the amount
of $150,555 before they split the lot up. Stakes showing the
division of the two homes. (See 1247 S. Main St)
Unit Size
-
Days on Market
-
Land Size
0.42 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1946
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (TMLS #126169)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 13, 2023 | Sold | ||
| Sold | |||
| Nov 15, 2022 | Listed by Keller Williams Central | $85,000 | |
| Listed by Keller Williams Central | |||
Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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ft²
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Closing Price
Sold On
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HOA + Taxes
About Graham
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Lucinda Dudley, Keller Williams Central
Last Updated: 2 years ago
Data Source: TMLS, MLS# 126169
Last Updated: 2 years ago
Data Source: TMLS, MLS# 126169
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