$255,000
●
House -
Off Market
4315 Hickory Nut Point
Burlington, NC 27217
2 Beds
1 Bath,
1
Half Bath
$245,411
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model
About This Property
** SELLER TO REVIEW OFFERS WEDNESDAY, 5/31! ** LAKEFRONT INVESTMENT
OPPORTUNITY! 2 bedroom/1.5 bath home in quiet neighborhood on shore
of Lake Cammack. Living Rm, Dining & Kitchen downstairs with
fireplace & rear deck. Walk in utility w/ half bath, washer/dryer
connections. Carpet & Vinyl. Upstairs: large flex room w/ 2
bedrooms & bath. Balcony at front & rear. 24x24 Carport. Western
school zone! Fire damage 2009 - new roof, electrical, plumbing and
HVAC per seller (all work permitted). Restrictive Covenants (no HOA
dues) and Road Maintenance Agmt on file. Access to lake from nearby
marina/park only (5 min commute). No swimming or wading allowed in
lake per City of Burlington. Property in critical watershed area.
** All offers must be submitted on standard NC OTP with proof of
funds (cash sale) or letter from lender (mortgage). No assignments,
contingencies or add'l addenda will be considered. Sold AS IS. **
ALAMANCE CO TAX $0.65, N. CENTRAL FIRE TAX $0.115 ** (cash sale) or
letter from lender (mortgage). No assignments, contingencies or
add'l addenda will be considered. Sold AS IS. ** ALAMANCE CO TAX
$0.65, N. CENTRAL FIRE TAX $0.115 **
Unit Size
-
Days on Market
-
Land Size
0.25 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1973
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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 #127637)
Price History
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
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Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Sold On
Sold On
HOA + Taxes
About Alamance
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Listed by: Sandy Ellington-Graves, Allen Tate/Burlington
Last Updated: 2 years ago
Data Source: TMLS, MLS# 127637
Last Updated: 2 years ago
Data Source: TMLS, MLS# 127637
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