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 fire sprinkler system. 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.
| MLS # | 4407726 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1914 |
| Days On Site | 31 |
| Listing Provided By | Blue Collar Realty LLC | Eric Storey |
| Bed(s) | 7 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,792 |
| Story(s) | 2 |
| Acreage | 0.95 |
| Cooling | Central Air, Heat Pump |
|---|---|
| Heating | Heat Pump, Natural Gas |
| Appliances | None |
| Security Features | Carbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s) |
|---|---|
| Construction Materials | Hardboard Siding |
| Foundation Details | Crawl Space |
| Lot Features | Corner Lot |
| Garage Yes / No | No |
|---|---|
| Parking Features | Parking Lot, Parking Space(s) |
| Utilities | Cable Connected, Electricity Connected, Natural Gas |
|---|
| List Aor | Union County Association of Realtors INC |
|---|
| Property | 315800 |
|---|
| State | NC |
|---|---|
| County | Union |
| City | Wingate |
| Zip Code | 28174 |
| Area | Union |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in 28174) | |
Price: $469,000 low | high Med: $361,500 sqft: 2,792 low | high Med: 1,991 $ / sqft: $168 low | high Med: $182 On site: 31 low | high Med: 98 | |
| State | NC |
|---|---|
| County | Union |
| City | Wingate |
| Zip Code | 28174 |
| Area | Union |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in 28174) | |
Price: $469,000 low | high Med: $361,500 sqft: 2,792 low | high Med: 1,991 $ / sqft: $168 low | high Med: $182 On site: 31 low | high Med: 98 | |