$430,000
●
House -
Off Market
5101 & 510 W US 70 Highway W
Mebane, NC 27302
5 Beds
4 Baths
392 Ft²
$457,179
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model
About This Property
VERY UNIQUE & RARE Opportunity to own 2 Homes on 1 Parcel with
approx 4.5 Acres. Detached Carports & Workshops; Very convenient
location for those traveling to Triangle or Triad.
Entire parcel is simply amazing & set up to support an array of potential uses from hobby farming, business use, rental, or primary residence! Parcel lined with beautiful greenery for natural sense of privacy. Several open grassy areas, lightly wooded areas, room for gardening, & fenced area.
Secondary 643 sqft home has many possibilities: rental, small business, in-law, etc.
Main Home is completely updated, incl. 2020 roof. Hardwoods gleam throughout main lvl. Basement includes unfinished space, storage room, fireplace, and a nicely finished bedroom suite w/ walk-out entry, walk-in closet, and a full bath!
3 bay carport with unfinished second floor above could be converted into a finished crafting space or used as additional storage. Ample parking: 7 carport bays and circle drive. bath!
3 bay carport with unfinished second floor above could be converted into a finished crafting space or used as additional storage. Ample parking: 7 carport bays and circle drive.
Entire parcel is simply amazing & set up to support an array of potential uses from hobby farming, business use, rental, or primary residence! Parcel lined with beautiful greenery for natural sense of privacy. Several open grassy areas, lightly wooded areas, room for gardening, & fenced area.
Secondary 643 sqft home has many possibilities: rental, small business, in-law, etc.
Main Home is completely updated, incl. 2020 roof. Hardwoods gleam throughout main lvl. Basement includes unfinished space, storage room, fireplace, and a nicely finished bedroom suite w/ walk-out entry, walk-in closet, and a full bath!
3 bay carport with unfinished second floor above could be converted into a finished crafting space or used as additional storage. Ample parking: 7 carport bays and circle drive. bath!
3 bay carport with unfinished second floor above could be converted into a finished crafting space or used as additional storage. Ample parking: 7 carport bays and circle drive.
Unit Size
392 Ft²
Days on Market
-
Land Size
4.50 acres
Price per sqft
$1,046
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1961
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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 #120255)
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Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Listed by: Clair Rowe, BERKSHIRE HATHAWAY HOMESERVICE
Last Updated: 2 years ago
Data Source: TMLS, MLS# 120255
Last Updated: 2 years ago
Data Source: TMLS, MLS# 120255
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