tomo logo

$299,900

Beds
10
Baths
4.0
sq ft
3,286

616 North Mebane Street, Burlington, NC 27217

616 North Mebane Street

Burlington, NC 27217

  • 8 days on market
An amazing opportunity awaits the discerning investor buyer looking for a quadruplex with a great location. Home could certainly be converted back into a single family home again, if desired, but do note each unit is metered separately presently. All 4 units are rented to separate tenants so Buyers will need a LOI/POF to schedule a showing and plenty of advance notice. Monthly rental income is as follows: Unit 1 $850; Unit 2 $650; Unit 3 $800; Unit 4 $750 and all units are leased on a Month-to-Month basis.

Details

Property type

Quadruplex

Lot size

0.31 acres

Price per sq ft

$92

Year built

1950

Annual property taxes

$2,751.96

Price History

03/01/2025
TriangleMLS

TriangleMLS #10079503

Listed
$299,900
-4.76%
01/01/2025
TriadMLS

TriadMLS #1123747

Removed
$314,900
02/14/2024
TriadMLS

TriadMLS #1123747

Price change
$314,900
-3.08%

Schools & Community

Elementary school: 

Alamance - East Lawn

Middle school: 

Alamance - Broadview

High school: 

Alamance - Hugh Cummings

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Valleystar Cu

Loan start date

June 2021

Original loan amount

$430,950

Est. remaining balance

Not provided

Interest rate

2.83%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Andrews Properties Of The Carolinas Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/10/2025 at 4:10 AM

Listing updated: 03/09/2025 at 2:25 PM

Listed by: Bryan Guarnieri, Coldwell Banker - HPW Phone #: (919) 960-6300

MLS: TriangleMLS #10079503

TriangleMLS logo

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