$100,000
●
House -
Off Market
412 Chestnut Street
Burlington, NC 27217
3 Beds
1 Bath
$482
Est. Monthly
About This Property
INVESTMENT OPPORTUNITY! 3 beds/1 bth home in NW Burlington! Living
room, kitchen with dining nook. Fenced yard. Needs
renovation/repair. Property will be sold AS IS, no exceptions.
Seller makes no representation on condition, systems, etc.
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1959
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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 #128951)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 2, 2024 | Sold | ||
| Sold | |||
| Nov 16, 2024 | In contract | - | |
| In contract | |||
| Nov 2, 2024 | In contract | - | |
| In contract | |||
| Oct 5, 2024 | Price Decreased |
$219,000
↓ $6K
(2.7%) | |
| Price Decreased | |||
| Sep 21, 2024 | Listed by Profit Point Real Estate | $225,000 | |
| Listed by Profit Point Real Estate | |||
| | |||
|
Ideal for first time buyers and/or investors.
This beautifully renovated home, located just minutes from downtown Burlington, combines modern upgrades with timeless charm. The open living area welcomes you with its bright, airy atmosphere and thoughtfully restored details. The kitchen offers new cabinetry, granite counter tops and updated appliances, perfect for everyday cooking and gathering.
With three bedrooms and updated bathrooms featuring contemporary finishes, this home ensures comfort and style throughout. Beautifil backyard is ideal for outdoor relaxation or entertaining.
Located close to all the amenities of downtown Burlington, including shops, dining, and parks, this home is the perfect balance of convenience and tranquility. Experience the best of Burlington living in this move-in-ready gem!
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Burlington
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Listed by: Sandy Ellington-Graves, Allen Tate/Burlington
Last Updated: 2 years ago
Data Source: TMLS, MLS# 128951
Last Updated: 2 years ago
Data Source: TMLS, MLS# 128951
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.
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