April 13, 2019

Investment Property Opportunity! Solid Brick Duplex for Sale!

Realtor Greg Rapp with Wallace Realty has the BEST investment opportunity! Here is your chance to own a solidly-built brick duplex in Salisbury, North Carolina. And . . . wait for it . . . for just $99,000!

Welcome to 835-837 Lincolnton Road. Built in 1951, this single story ranch-style brick duplex reflects the architectural style of the Post-War era. Both units are 2 bedroom/1 bath and each offers spacious living room with beautiful picture windows and large eat-in kitchen.

The owner was in the process of refurbishing both apartments and they are nearly finished. All the bedrooms and livings rooms have been repainted in pretty neutral tones, and there are good hardwood floors throughout.  Because it is a work-in-progress, it looks like a diamond in the rough, but look closely and you can see that the end is within reach!

Kitchens and bathrooms need a little attention like fresh paint and new vanities in the bathroom. There are two new vanities in boxes that will convey. We love the intact sea-green tile work and bath tub in 837! The bath in 835 is an attractive blue. Kitchens have ceramic tile flooring and a tile backsplash already in place.

Each unit has its own concrete driveway leading to a side-entry door that enters to the kitchen. A stretch of poured concrete front porch is the perfect place for potted plants and rocking chairs, where each apartment has a more formal covered front door that leads to the living room.

Perhaps one of the coolest features is the fenced back yard. Not just fenced: A low brick wall defines the back yards, creating a courtyard effect. Each yard is large enough for a swing set, horse-shoe game, picnic table, and vegetable garden. A link fence separates each back yard from the neighboring one. One yard even has a vintage brick barbecue!

This all-brick duplex features newer replacement windows and an architectural shingled roof installed in approximately 2006. The HVAC units were replaced about 10 years ago. All this and all-brick make this a fairly maintenance free property!

835-837 Lincolnton Road is being sold 'As-Is' but couldn't be a better investment opportunity and a great rental location... close to schools and shopping. The Eaman Park Pool is a nearby, membership driven swimming pool that is a popular summer spot in the neighborhood. Water, gas, and electric are all on separate meters. Previous rents were $550 per on one side and $665 per month on the other. With some very minimal refurbishment work (much of it is already started!), these units would easily rent for a total of $1300-1400 or more.

If you've been toying with the idea of investing in income property, or just expanding your investment portfolio, this is the dream chance you've been waiting for. At under $100,000 for over 1,760 square feet in the heart of Salisbury NC, this one will be a money-maker for the right buyer! Give real estate agent Greg Rapp a call at 704.213.6846 to see it for yourself. Act now!

835-837 Lincolnton Road
Salisbury NC 28144-6133

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

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


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