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Listed by The Acorn Agency, LLC

$ 250,000

Est. payment -/mo

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115 Allen AVE Franklinton, NC 27525

3 Beds

2 Baths

1,400 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,400 sqft

Price per Sqft $178

Subdivision Not In A Subdivision

MLS Listing ID 10186529

Style Ranch

Bedrooms 3

Full Baths 1

Half Baths 1

HOA Y/N No

Year Built 1978

Annual Tax Amount $3,016

Lot Size 0.520 Acres

Acres 0.52

Lot Dimensions 150x147

Property Sub-Type Single Family Residence

Source Doorify MLS

Land Area 1400

Property Description

INVESTOR OPPORTUNITY IN GROWING FRANKLINTON! Welcome to 115 Allen Ave, a 3-bedroom, 1.5-bath brick ranch with excellent potential in a transitioning area of Franklinton. This property has been utilized as a rental for the past seven years and offers an exciting opportunity for an investor looking to add value in an area experiencing new construction and growth. The property sits on two parcels, creating a larger-than-typical lot with the potential for future subdivision, offering the possibility to build two homes as the area continues to develop. With rents in the area reaching as high as $1,750, this property could also make an attractive addition to an investor's rental portfolio. The home is currently occupied and is being sold AS IS. Photos reflect the property prior to the current tenant moving in. The tenant is expected to vacate by the end of August, which will allow for easier access and showings. Until then, all showings are by appointment only. Please do not disturb the current tenant. The home is currently equipped with a ramp and grab bars to accommodate mobility needs, adding flexibility for a variety of future uses. Whether you're looking for your next rental, a value-add opportunity, or land with potential for future redevelopment, 115 Allen Ave is worth a look. With new construction taking shape nearby and Franklinton continuing to grow, now may be the time to get in while prices are still low.

Location

State NC

County Franklin

Community Not In A Subdivision

Area 0.52

Interior

Cooling Central Air, Electric

Flooring Carpet, Tile, Vinyl

Fireplaces Number 1

Fireplaces Type Wood Burning

Fireplace Yes

Appliance Dishwasher

Exterior

Parking Features Detached

Roof Type Shingle

Garage No

Building

Lot Description Back Yard, Front Yard, Subdivided, Wooded

Story One

Water Public

Architectural Style Ranch

New Construction No

Schools

Elementary Schools Franklin - Franklinton Elementary

Middle Schools Franklin - Franklinton Middle School

High Schools Franklin - Franklinton High

Others

Senior Community No

Tax ID 008064

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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115 Allen AVE Franklinton, NC 27525

Key Details

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115 Allen AVE