November 13, 2018

Bungalow Living for Under $60,000!!!!

You know you've been thinking about it. Investing in a nice little bungalow to generate some income? Fixing it up for yourself for when you're ready to downsize? Adding to your portfolio?

Well here it is! Greg Rapp of Wallace Realty has your perfect investment opportunity (it is even currently rented ~ who will stay ~ if you like!).  And wait...the best part??? This home is priced at just $55,000!!!

Welcome to 209 N. Yadkin Avenue in Spencer, North Carolina. This two-bedroom/single-bath bungalow-style home offers a whole lot of house for 1,594 square feet! Beyond the amply-sized front porch, spacious living and dining rooms await, with handsome arched doorways chair molding, and pretty wood floors.

This circa 1925 Arts & Crafts bungalow offers a cute country kitchen with lots of windows providing plentiful natural light.

The home has a wonderful fenced back yard, and a bonus: The adjacent lot is included with sale, which when combined give you nearly a half-acre yard.

209 Yadkin Avenue is a great house for starting out in home ownership, downsizing or flipping. While the home was updated with a new gas furnace in 2014, the front porch roof is currently being repaired and the home is being sold 'As-Is' (no further repairs will be completed).

Spencer North Carolina is home to the North Carolina Transportation Museum, and some darling shops and restaurants. A handsome park planned for the uptown area is soon to become a reality. Just 3-miles to the south is the City of Salisbury, with a thriving arts district, live community theater, and a downtown alive with more unique shops and restaurants. The Interstate is just a few minutes away and Salisbury is home to a historic Amtrak depot...making transportation here a snap. For recreation, High Rock Lake is just a stones throw away.

Is it time to make that investment? Time to move to home ownership? Whatever the time . . . this is the house! And at just $55,000 ~ what a deal!!!! Call or text Greg Rapp at 704.213.6846 to make this home yours!

209 N Yadkin Avenue
Spencer NC 28159-2433

Greg Rapp 
Wallace Realty Co. 
704 213 6846 Mobile 
704 636 2021 Office 

November 01, 2018

Vintage Commercial Building - High Visibility - Zoned Neighborhood Business - A Unique Opportunity!

Realtor Greg Rapp has a most unique commercial opportunity for you in the desirable Fulton Heights neighborhood of Salisbury, North Carolina!

Welcome to 1024 / 1026 S. Fulton Street. On three parcels, (4) commercial spaces in 3 adjoined brick buildings (one is 2-story) are now available for sale. The circa 1918 building along the busy Fulton Street corridor is faced with a large front patio that runs the length of the building. Each 1900 square-foot space is currently leased with thriving businesses, with step leases in place. The space nearest the parking lot was a former restaurant that will be opening up for available lease in January 2019.  Each features large open storefront windows streaming loads of natural light.

The property sale includes the separate circa 1920 2363-square-foot house across the driveway. This 2-story brick Arts & Crafts home with deep front porch (zoned neighborhood business) holds 4 bedrooms and 1.5 baths, two front parlors, and dining room and kitchen that leads to a small enclosed back porch overlooking the large parking lot.  A small non-profit agency currently leases the house and hosts events in the surrounding lot.

A bit of history

The Foil Grocery Building was constructed in 1918 and expanded in the early 1920’s as the Fulton Heights Neighborhood, the City of Salisbury's first suburb, was being developed and the residents desired local retailers in order to be able to purchase household needs nearby.

The grocery store, originally in the 2-story section, expanded into the next two spaces during the 1920s. At one time the upper unit of the building was used as storage and in the 1930s held several of the newly marketed electric washing machines (can you imagine being the person who carried them up there?). Through the years the property has served as a grocery, photographer's gallery, and RV Sales office. In the 1980’s and 1990’s the property fell into extreme disrepair. Vision Realty and Development purchased the property in 2005 and renovated the building. Mean Mug Coffee Company and SoFul Yoga and Wellness Studio now occupy the original 2-story section of the building. Since then the coffee shop and bakery have enjoyed the location, while Mambo Grill - a popular Cuban restaurant - got its humble beginnings here before moving into the downtown. The SoFul Yoga Studio, another popular destination, is the newest addition in the upper level of the corner building.


The house was newly roofed in July of 2018. The commercial buildings each have a new rubber roof as of 2015. All brick buildings, the maintenance and upkeep on these is sure to be low. The 2018 property taxes were $4,753 for the three parcels: map 013 Parcel 168, 169, and 170.  This small commercial area surrounded by historic and vintage homes is a stone's throw from downtown Salisbury, minutes from Interstate 85, and in the heart of two historic neighborhoods, comes with plenty of parking.  This unique opportunity to own a commercial spread like this with high visibility along a much-traveled residential corridor doesn't come along every day!  Time to make it yours and enjoy the extra income from up to (5) businesses!

Call Realtor Greg Rapp for more details, including current monthly leases and more: (704) 213-6846.  Let's do this!

1024 Fulton Street
Salisbury NC 28144-6454
CMLS #3447824

Greg Rapp 
Wallace Realty Co. 
704 213 6846 Mobile 
704 636 2021 Office 

October 26, 2018

Best of Both Worlds: A 1900 Arts & Crafts Home with the Benefits of a Condo, Yet No Fees

Wondering whether to purchase a house or a condominium? You love the feeling of a private home...the space between neighbors, the individuality. But lawn mowing, weeding, hedge trimming...really? Not your thing?

While homeowners are busy mowing their lawns, trimming hedges, pruning trees, and raking leaves, condo owners are taking weekend trips, or simply relaxing at home.

Privacy in a condominium can be an issue. In the typical condo, you're much closer to your neighbors. You may be particularly bothered by the torso-level window in the neighbor's shower or the sound of high heels clicking on the tile floor above. You’ll almost always have more privacy in a house versus a condo. You don’t share any walls with your neighbors, and the yard associated with a stand-alone house puts even more distance between you and neighbors.

For some people, a house is simply part of the American dream. Houses generally have more space. Bigger means more space for your stuff and the people living there, and more room for entertaining. There’s also the individuality factor. Each house is unique. Condos on the other hand, are uniform. They’re so similar that one unit doesn’t necessarily stand out from the rest. But love the ease of maintenance. What to do??

Greg Rapp with Wallace Realty has the answer to this dilemma!

Welcome to the beautiful condominium home (yes . . . a condo!) at 319 W. Horah Street in the heart of the West Square Historic District in Salisbury, North Carolina.

This fabulous 2400+ square foot house has the look and feel of a private home, but has little to no yard to keep you from enjoying the space and your own time! Additionally, it is chock full of the character and detail one can only find in a circa 1900 Arts and Crafts home of this nature. Look at the classic lines of this Craftsman home! Beveled glass, working transoms, GORGEOUS woodwork, vintage mantels above vintage fireplaces, French doors...the list goes on and on. And even better, while this home is definitely part of a condominium plat . . . it carries no fees or dues and is excluded from the condo association! YES!

Entertain in the sprawling front parlor with its handsome wood floors and masonry fireplace. A cozy den sits behind it with another beautiful vintage fireplace. 

Take that same entertaining to another level in the enormous dining room that enters to a huge kitchen with large center work peninsula and loads of cupboard space.

Up the grand center staircase, you'll find 3 bedrooms and two full baths. Each bedroom closet is outfitted with closet organizers. An intimate Florida room with tin flooring stream sunlight. The mezzanine hallway offers 3 lighted closets (one is a cedar closet!) and a laundry, a rarity for a home of this era.

Get all the advantages of a single-family home ~ privacy, space, individuality ~ with the advantage of low exterior maintenance that comes with a condo...but without all the fees and restrictions! The best of both worlds! Make the stunning ca.1900 Arts & Crafts home at 319 W. Horah Street YOUR home, and enjoy the character of a vintage home in one of Salisbury's most prestigious neighborhoods. Call Greg Rapp with Wallace Realty to make it happen! (704) 213-6846 makes it happen today.

319 W. Horah Street
Salisbury NC 28144
CMLS #3421094

Greg Rapp 
Wallace Realty Co. 
704 213 6846 Mobile 
704 636 2021 Office 

#ListWithMe #OldHouseGuy #SellingSalisbury #RealEstateSalisbury #GregRappRealtor #SalisburyNC #HomesForSale

October 24, 2018

Immaculate Ranch Home with Finished Basement - Can Be Yours!

Along a winding Salisbury, North Carolina street filled with picturesque bungalows, Tudor cottages, and Post-War homes from the 1920s through the 1950s, this spotlessly clean 3-bedroom/2-bath Ranch home awaits its new owner.  Spotless, you ask? Don't take our word for it! Call Greg Rapp, with Wallace Realty, at 704.213.6846 to see this immaculate home for yourself. At $138,000 . . . we're pretty certain this home will not linger on the market.

At first glance, this looks like your basic one-story Ranch home. As you enter and walk through its large eat-in kitchen, spacious living room with fireplace, and down the hall to the three bedrooms, you might be convinced that this is exactly what you're looking at. But open a door that leads downstairs, and you'll find another nearly 800 heated and cooled square feet of living space sprawling beneath, with a large den (with gas log fireplace!), a full bath, spotless laundry room, a hobby room . . . and on out to the single-car garage and large workshop . . . and you know this is no ordinary Ranch home!

Welcome to 501 West Henderson Street in Salisbury, North Carolina ~ 2,193 square feet of home in pristine condition. This wonderful home has had only one owner. While her husband was away at war, the wife purchased the lot, obtained the plans, and began the build process on the house. Sixty-seven years later, this solid home is now in this couple's estate.

This circa 1951 Ranch-style home with its full, partially finished basement is spotlessly clean, has been completely freshly and professionally painted inside, and offers nearly pristine hardwood floors flow throughout the main level.

The large living room with sunny picture window and masonry fireplace opens to balcony-style deck that overlooks the sweeping manicured landscape. This balcony shields a small patio beneath with a doorway that provides another entry to the home's lower level.

The warm, knotty pine eat-in kitchen offers a wonderfully long stretch of counter workspace and abundant cupboards. You'll find, in fact, loads of built-in storage throughout 501 W. Henderson Street.

The partially finished walk-out basement could almost be an in-law apartment, with its own entry (with doorbell), the carpeted den with gas log fireplace, a small hobby room, and the full bathroom with shower. The den also has a wonderful large multi-paned window that overlooks the back yard.

On this level you'll also find the laundry room, the one-car garage and a large and immaculate workshop. The workshop has its own entrance and although completely wired with electricity, is amply lit with natural daylight from another large multi-paned window.

501 W. Henderson Street sits on a pretty corner lot just blocks from Salisbury's beautiful Hurley and City Parks, close to downtown Salisbury unique shopping and restaurants, minutes from Interstate, High Rock Lake and more. Novant Health Hospital is nearby.

A house of this era, in this excellent condition and in its desirable neighborhood, is not expected to last long on the market. Give Real Estate Agent Greg Rapp a call to see this for yourself - 704.213.6846 - don't take our word for it!

501 Henderson Street
Salisbury NC 28144
CMLS #3446473

Greg Rapp 
Wallace Realty Co. 
704 213 6846 Mobile 
704 636 2021 Office 

October 21, 2018

Storybook Ending for This Home Sale!

Picture a circa 1947 country home on nearly 7 acres with woods, open rolling lawns, a horse barn and a large stone fireplace in the small town of Rockwell, North Carolina. Sounds romantic, does it not?

We clearly were not the only ones to think so! Greg Rapp of Wallace Realty sold the pretty country property at 950 D. Earnhardt Road to a lovely young couple, who closed on the home . . . and got engaged! Gotta love a storybook ending!

Can Realtor Greg Rapp help you find your storybook ending. No never know!

Greg Rapp 
Wallace Realty Co. 
704 213 6846 Mobile 
704 636 2021 Office