803 Lakeside Avenue, Burlington, NC 27217

$81,827
3
BD
1
BA
1
SqFt
Sold Price
$81,827
List Price
$45,000
Closing Date
May 20, 2024
MLS#
1139770
Status
CLOSED
Type
Single Family Residential
Subtype
Stick/Site Built
Bedrooms
3
Bathrooms
1
Full-baths
1
Living Area
1
Lot Size
38,768

Property Description

Land value pricing makes this a lucrative opportunity! Situated on .89 acres in Burlington, there is immense potential for savvy investors or flippers with this one. Though the existing home has been affected by fire and is currently uninhabitable (or safe to walk through), the City of Burlington's zoning regulations present lucrative prospects: Rebuild the existing structure, (with code enforcement consult & engineer work as per city requirements), or start afresh, constructing up to 6 detached single-family homes or 8 single-family attached under HDR zoning. (Buyer should have a survey to verify acreage to determine the exact number of units allowed). The possibilities are boundless. Don't miss this chance to capitalize on this promising investment opportunity! ***BRING YOUR HIGHEST & BEST OFFER BY 3PM ON SUNDAY, APRIL 21***

Additional Information

Acres
0.89
Built Information
Existing
Cooling Type
None, Remarks
Elementary School
Hillcrest
Heating
None, See Remarks, Natural Gas
Heating Fuel
Natural Gas, Remarks
High School
Walter M Williams
Living Area
1
Lot Dimensions
198 x 267 x 99 x 285
Lot Size
38,768
Middle School
Turrentine
Parking
Driveway
Sewer
Public Sewer
Show Street Address
Yes
Water
Public
Water Heater
None
Year Built
1950

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of eXp Realty, LLC. Contact:

Selling Office: nonmls.