$389,000
●
House -
Off Market
2409 Hodges Road
Burlington, NC 27217
3 Beds
2 Baths
2,197 Ft²
$2,069
Est. Monthly
$55
HOA / Fees
4.61%
Cap Rate
About This Property
Captivating home in Historic Glencoe Mill Village! Major
renovations in 2005 include foundation, roof, plumbing, electrical,
HVAC, and water heater. Featuring 3 bedrooms, 2 bathrooms, and
2198sqft of richly detailed space with original hardwoods,
handcrafted moldings and trim work, and period-authentic features.
Read a book in the quaint sunroom off the kitchen, or have your
coffee in the screened porch off the large primary suite, listening
to the roaring sounds of Haw River just yards away. Cozy up in the
living room by the wood-burning fireplace. Entertain for all with a
large dining room adjacent to a picturesque kitchen. Outside
features gardening space, rocking chair front porch, 24'x16' workshop/garage wired w/ electric and 10' leanto. Steeped in
history, Glencoe Mill Village features the Textile Heritage Museum,
an Outdoor Learning Environment, Haw River Access points, walking
trails, and public fishing.
Unit Size
2,197 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$177
Property Type
House
Property Taxes
$104
HOA Dues
$55
Year Built
1880
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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 #10085084)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 30, 2025 | Sold | ||
| Sold | |||
| Jul 10, 2025 | In contract | - | |
| In contract | |||
| Jun 3, 2025 | Price Decreased |
$389,000
↓ $11K
(2.8%) | |
| Price Decreased | |||
| Mar 27, 2025 | Listed by Keller Williams Central | $400,000 | |
| Listed by Keller Williams Central | |||
| | |||
|
You do not want to miss this beautifully preserved 19th century home in Historic Glencoe Mill Village! Featuring 3 bedrooms, 2 bathrooms, and 2198sqft of richly detailed space like original hardwoods, handcrafted moldings and trim work, and period-authentic features. Read a book in the quaint sunroom off the kitchen, or have your coffee in the screened porch off the large primary suite, listening to the roaring sounds of Haw River just yards away. Cozy up in the living room by the wood-burning fireplace. Entertain for all with a large dining room adjacent to a picturesque kitchen. Outside features gardening space, a rocking chair front porch, large 24'x16' workshop with 10' leanto, and plenty of space to take in the surroundings. Steeped in history, Glencoe Mill Village features the Textile Heritage Museum, an Outdoor Learning Environment, Haw River Access points, walking trails, and public fishing. HVAC, water heater, and roof updated in 2005. Kitchen Island does not convey.
| |||
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Alamance
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Listed by: Lucinda Dudley, Keller Williams Central
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10085084
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10085084
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