$190,000
●
House -
In Contract
511 Cheeks Lane
Graham, NC 27253
2 Beds
1 Bath
969 Ft²
$996
Est. Monthly
About This Property
Welcome to this charming 2-bedroom, 1-bath home that offers the
perfect blend of peaceful living and everyday convenience. Located
just outside the city limits, you'll enjoy a more relaxed setting
while remaining close to shopping, dining, and other town
amenities. Situated on a spacious half-acre lot, this property
provides plenty of room for outdoor activities, gardening, or
simply enjoying the open space. A one-car garage offers convenient
parking and storage. For added peace of mind, a pre-listing home
inspection has been completed, and significant repairs have already
been addressed. Don't miss your opportunity to make this home
yours! Sold as-is, where-is. Roof replaced 2018; Gas pack replaced
2021; Crawlspace/Foundation rehab and new duct work 2026
Unit Size
969 Ft²
Days on Market
-
Land Size
0.61 acres
Price per sqft
$196
Property Type
House
Property Taxes
$63
HOA Dues
-
Year Built
1953
Listed By
Kim Nance
Cedarwood Realty
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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: 28 days ago (TMLS #10176046)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 27, 2026 | In contract | - | |
| In contract | |||
| Sep 12, 2026 | Price Decreased |
$190,000
↓ $10K
(5%) | |
| Price Decreased | |||
| Jul 8, 2026 | Price Decreased |
$199,900
↓ $10K
(4.8%) | |
| Price Decreased | |||
| Jun 23, 2026 | Listed by Cedarwood Realty | $210,000 | |
| Listed by Cedarwood Realty | |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Has Open Parking
Parking Features: Detached, Garage, Storage
Garage Spaces: 1
Open Parking Spaces: 1
Interior Details
Full Bathrooms: 1
Interior Features: Bookcases, Ceiling Fan(s), Crown Molding, Pantry, Bathtub/Shower Combination
Appliances: Electric Range, Free-Standing Electric Range, Free-Standing Refrigerator, Refrigerator
Flooring Type: Luxury Vinyl
Laundry Features: Inside, Laundry Closet
Rooms: 6
Exterior Details
Square Footage: 969
Architectural Style: Ranch
Year Built: 1953
Building Area Total: 969
Levels: One
Other Structures: Garage(s)
Window Features: Storm Window(s)
Construction Materials: Vinyl Siding
Patio and Porch Features: Enclosed, Screened, Side Porch
Lot Features: Level
Lot Size Area: 0.61
Lot Size Units: Acres
Lot Size Acres: 0.61
Lot Size Square Feet: 26571
Water Source: Well
Financial Details
Tax Map Number: 6
Tax Assessed Value: $135,620
Tax Annual Amount: $751
Utilities Details
Cooling Type: Central Air, Gas Pack
Heating Type: Gas Pack
Sewer : Septic Tank
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
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Sold On
HOA + Taxes
About Alamance
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Listed by: Kim Nance, Cedarwood Realty
Last Updated: 28 days ago
Data Source: TMLS, MLS# 10176046
Last Updated: 28 days ago
Data Source: TMLS, MLS# 10176046
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