108 S Main Street, Wingate, NC 28174
- $469,000
- 7
- BD
- 3
- BA
- 2,792
- SqFt
Listing courtesy of Blue Collar Realty LLC. ecstorey@gmail.com
- List Price
- $469,000
- MLS#
- 4407726
- Status
- ACTIVE
- Days on Market
- 2
- Property Type
- Residential
- Year Built
- 1914
- Bedrooms
- 7
- Bathrooms
- 3
- Full Baths
- 3
- Lot Size
- 41,382
- Lot Size Area
- 0.9500000000000001
- Living Area
- 2,792
- Sq Ft Total
- 2792
- County
- Union
- Subdivision
- none
- Special Conditions
- None
- Dom
- Yes
Property Description
Exceptional Investment Opportunity Near Wingate University! Located just steps from the campus, this well-maintained property offers an outstanding opportunity for investors seeking immediate and future income potential. Currently configured and operated as student housing, the home features over 2,500 square feet with seven private bedrooms, including one bedroom with a private en-suite bath, a spacious shared kitchen, central community laundry room, welcoming foyer, and two additional shared full bathrooms. Situated on approximately 0.95 acres, the property also offers a large private parking lot for residents and a detached garage used exclusively for owner storage. Since purchasing the property in 2019, the current owners have completed numerous major capital improvements, including a new roof, plumbing upgrades, all new windows, new HVAC equipment, and a fully functional, code-compliant commercial fire sprinkler system. The property is currently approved for commercial use (buyers should verify current zoning and permitted uses with the Town of Wingate, as zoning confirmation is pending). Only one bedroom is currently occupied, as ownership has elected to stop leasing additional rooms in preparation for the sale. This provides the new owner with the opportunity to establish their own leasing strategy, tenant selection, and rental rates while filling the remaining vacancies at their own pace. With its established history as student housing, ample on-site parking, significant recent improvements, and prime location just minutes from Wingate University, this is a rare opportunity to acquire a unique investment property with substantial upside potential.
Additional Information
- Equipment
- None
- Foundation
- Crawl Space
- Main Level Rooms
- Bedroom(s)
- Laundry Location
- Common Area, Utility Room
- Heating
- Heat Pump, Natural Gas
- Water
- City
- Sewer
- Public Sewer
- Exterior Construction
- Hardboard Siding
- Parking
- Parking Lot, Parking Space(s)
- Driveway
- Asphalt, Paved
- Lot Description
- Corner Lot
- Elementary School
- Unspecified
- Middle School
- Unspecified
- High School
- Unspecified
Mortgage Calculator
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