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
CMLS#3494715
$99,000






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



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

Clean as a Whistle - Nearly an Acre - Adorable Home for Sale!

The trend towards tiny homes isn’t going anywhere! But despite the trend towards small homes, many people still want the features found in large ones like large open living rooms and restaurant-style kitchens. The minimalist lifestyle isn’t for everyone, and there’s a lot to be said for small homes that feel spacious, versus ones that just feel small. Money-savvy millennials and retirees continue to seek out smaller homes, and the good news is that Realtor Greg Rapp has just the ticket!

Welcome to 505 W. Peeler Road, Salisbury NC!

This cute house is large enough to accommodate your needs, open enough so as not to feel cramped, and with a bunch of added perks that keep it affordable. A good floor plan plays a key part in this, since the layout of a home can make all the difference in how it actually feels inside. This 1068 square foot house offers an open floor plan and lots of sunny windows that make this 2-bedroom home feel spacious. And the fact that is sits on its deep, nearly one-acre lot gives you that room-to-breathe feeling!

Small homes come with a lot of benefits, especially for buyers interested in reducing their cost of living. Not only do they shrink utility bills and tax expenses, but they also allow people to live more minimally and simply. And reducing costs is likely to happen here at 505 W. Peeler Street, a well-maintained home with aluminum siding, a new roof (installed 2017), new HVAC (installed 2019), and newer gas water heater! There is nothing you'll have to do, as far as maintenance, for several years.

If buyers are on the fence about a small space, it’s likely a storage-related concern. Fear not! 505 W. Peeler Street is loaded with closet and cupboards to maximize the space and accommodate all of your stuff. A favorite surprise wood-paneled room off one bedroom has tons of storage and could be used as walk-in closet, office (or man-cave!), or could be a future private bath.

The sunlit kitchen leads to an equally sunlit dining room with hardwood floor and attractive ceiling light fixture. From there...head to the living room with its beautiful new laminate flooring and masonry fireplace (not functioning for wood-burning, but could accommodate vent-free gas logs!). Each of the two bedrooms also offer hardwood floors.

Still need a bit of extra space? A super-nice enclosed porch with pretty broken tile mosaic floor overlooks the deep yard, where you'll find a single-car garage that has extra workshop room and an attached carport, as well as a small garden shed and . . . wait for it . . . a chicken coop!

Home is close to Granite Quarry Elementary school and Granite Lake Park, which is part of the Carolina Thread Trail. 505 W. Peeler Street is close to Granite Quarry Town Center shops and amenities yet has that 'out-in-the-country' feel. City of Salisbury is just 5 miles up the road with more shopping, restaurants, museums and galleries. Need to be on the road? The Interstate 85 is just about a mile away.  And speaking or 'out-in-the-country', 505 W. Peeler Street is eligible to be financed with a USDA loan.

The people who purchase small homes are many times either first time buyers or older generations looking to downsize. The biggest reason why many people are looking for smaller houses right now is because they are more economical. Large homes cost a fortune to heat and cool. With gas prices rising, small homes will continue to be popular. 505 W. Peeler Street won't disappoint you with its economical advantages.

Call Greg Rapp with Wallace Realty to learn more about this charmer of a home! 704.213.6846 gets you your showing appointment today! Take the first step towards reducing your cost of living today!



505 W Peeler Street
Salisbury NC 28146-7312
CMLS #3493470
$122,500





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


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

Market value $200,000 - Sale Price $85,000!!! It's Time to Become a Landowner!

WHAT??? Market value and assessed value of a 8.5 +/- acre parcel along a main thoroughfare at $200,294 . . . yet on the market for less than half that price??!!??

YES! Realtor Greg Rapp with Wallace Realty has just listed this 8.5 +/- acre parcel of land on Statesville Blvd (NC 70 that runs between Salisbury NC and Statesville NC) for $85,000! For sale: 4185 Statesville Boulevard in Salisbury, North Carolina!

This primarily wooded parcel has approximately 97 feel of road frontage along Statesville Boulevard. The land here is zoned CBI (Commercial Business and Light Industrial). The 98 x 300 foot strip off the main highway leads back and opens up to the large and open 10 acre polygon (approx 700 x 637 x 752 x 327 - there is no survey on file, so the acreage and dimensions subject to survey). A small .25 acre parcel up the road, with a market value of $3,760 is included with the sale (Parcel 334-297).  Additionally, an approximately 337' x 11' strip of this parcel leads out to nearby Hurley School Road.

What would you do with 8.5 +/- acres of land? When you understand what can be done with a property in accordance with your local zoning and planning board, you'll start to realize that there are A LOT of potential options on the table. Let's explore some ideas!

Here is a fun read on that exact topic:

What Should I Do With My Land? by Paul McKenzie / NC Cooperative Extension

And here is another:

50 Creative Uses for Raw Land by Seth Williams / ReTipster.com

And now that you have some ideas . . . how about giving real estate agent Greg Rapp a call: 704.213.6846 . . . because this kind of land value does not come along every day! The time is right to become a landowner at 4185 Statesville Blvd.

Do it! Do it now!

4185 Statesville Boulevard
Salisbury NC 28147-7460
CMLS #3491924
$85,000






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




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

Circa 1923 McCubbins House - A Restoration Project - SOLD by Realtor Greg Rapp

Do you drive around wishing you could fix up every fixer-upper you see, restore every bygone-looking home, and salvage every old door, mantel and garden?  Realtor Greg Rapp feels your pain!

Welcome to 1013 N. Main Street, Salisbury, North Carolina. This huge, 2000+ square foot historic home had seen better days, but it had never seen a better price. This fire-damaged, restoration-ready, 2-story weatherboard Four-Square needs more than a coat of paint to bring it back to grandeur.

This 1923 home was built by the McCubbins family and was part of the early 1900s "Steelworth" neighborhood that had been carved out of the plantation property known as 'Lombardy' owned by John Steele. While the Four-Square style house was influenced by the area’s bungalows, it is predominantly Colonial Revival in style and appearance, and is just waiting to be brought back to its former glory.

When this previously beautiful and stately home sadly sustained a fire in 2016, the owner donated the home to the Historic Salisbury Foundation whose teams of restoration craftsmen have been diligently working to stabilize it.

The structure was gutted, teams rebuilt the front veranda, and added a new porch roof. All of the wood windows have been restored.

Fortunately, this well-built home is structurally sound and is ready to rock a full restoration.

This home, in its present condition, is a blank slate, and ready for upfits. Luckily, Realtor Greg Rapp, specialist in historic homes and historic preservation, found a buyer with the vision and sweat equity to grasp this fantastic opportunity to renovate one of the most imposing homes in Salisbury's North Main Historic District!

It will be exciting to see this prestigious home being returned to its former splendor!

Do you have a vintage home that you are considering selling?  Greg Rapp is your agent! If he can sell a home like this... that needs EVERYTHING...think what he can do with yours!  Call 704.213.6846 to make it happen!

1013 N. Main Street
Salisbury, NC 28144
SOLD / Greg Rapp Realtor
Wallace Realty Co.








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



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

926 South Jackson Street - a Restoration and Neighborhood Revitalization Project

Revitalization and concepts of 'new urbanism' are already in full swing in the historic Chestnut Hill Neighborhood of Salisbury, North Carolina. Here is an opportunity to be a part of Chestnut Hill's revitalization with the comfort of knowing you would not be the first!  And at $26,500 . . . this is a project you can afford to take on!

New Urbanism is a development model aimed at creating diverse, walkable neighborhoods. The basic principles of New Urbanism are not new; they are based on the elements of viable urban communities that were built prior to the dominance of affordable housing can support and/or spur neighborhood reinvestment the automobile and suburban sprawl.

This urban neighborhood, just blocks from the vibrant downtown Salisbury area, is framed by architecture and landscape design that celebrates local history, ecology, and building practices. Just to the west lies the nearly 20 acres of picturesque Chestnut Hill Cemetery established in 1888 and a favorite walking trail for many today. Here you'll find the single-story 1,496 s.f. circa 1900 Victorian home on its 50' x 130' lot beside newly created neighborhood pocket park.

Welcome to 926 South Jackson Street - a Restoration and Neighborhood Revitalization Project

This home is a complete rehabilitation project and needs new wiring, new plumbing, HVAC, and repair or replacement to parts of the beautiful metal roof and trim.  The house was last a duplex before lying vacant for some time (it has the remnants of two kitchens!), and will need to be restored to a single-family residence. While this circa 1900 house appears to be solid and level there are a few soft spots in the bathroom floors and limited structural work may be required, along with roof repair or replacement.

926 S. Jackson Street from 2012 Google Photo. House on the right is now demolished.

This neighborhood is part of the essential element of sustaining the historic fabric of the Salisbury metropolis and forms an identifiable area that:
• encourages citizens to take responsibility for their neighborhood’s maintenance and evolution; 
• is compact and pedestrian friendly;
• has many activities of daily living within walking distance, and interconnected streets designed to encourage walking and reduce the number and length of car trips;
• has a broad range of housing types and price levels that help bring people of diverse ages, races, and incomes into daily interaction;
• and is along transit corridors that link neighborhoods and revitalize the urban center of Salisbury.

Sound infrastructure should not be taken for granted. Successful communities need streets and transportation; water, wastewater, and stormwater systems; open space; lighting; and utility infrastructure. All this in place in the Chestnut Hill neighborhood. Attracting new buyers to this cusp neighborhood will be the catalyst to the revival movement that is already taking place in the Chestnut Hill neighborhood. Neighbors and new homeowners are generating a sense of community among residents and establishing stability in the neighborhood for the long-term well-being and revitalization effort.

The success of any neighborhood revitalization strategy depends, in part, on the involvement of the community. Community input and involvement is key here to the current success that Chestnut Hill is experiencing. 926 S. Jackson Street is located right next to a small community pocket park - installed by neighbors and volunteers when this area of the neighborhood was the focus of the City of Salisbury's award-winning BlockWork program.

This Victorian cottage will come with Historic Salisbury Foundation Covenants and Restrictions both on the interior and exterior. Historic Covenants and Restrictions will require that any original windows and exterior wood siding, interior millwork and decorative roof ornamentation all be saved and reused. With nearly 1500 square feet and a good floor plan, there is ample space to reconfigure the home to a 3-bedroom/2-bath dwelling.

Why invest in this vintage home at 926 S. Jackson Street now?

• The influx of new homeowners to the neighborhood adds to the diversity of the neighborhood, and generates the social bonding that helps to stabilize the neighborhoods;
• The partnerships created during the redevelopment efforts are benefiting the City's future redevelopment endeavors; and
• The improvement of a highly visible neighborhood within the City limits will help maintain the City’s population and encourage individuals and families to move into the historic downtown neighborhoods.

The difference between a vision that is implemented and a vision that remains, well, just a vision, is 926 S. Jackson Street. Be the implementation! Call Realtor® Greg Rapp at 704.213.6846 to be a vital part of this revitalization!

926 South Jackson Street
Salisbury, NC 28144
CMLS #3485760
$26,500





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

The NC Main Street Conference is Coming to Salisbury NC

Are you interested in downtown development?

On March 12th, the North Carolina Main Street Conference comes to Salisbury NC! The annual 3-day conference, held within a different beautiful NC community each year, is open to anyone interested in learning about downtown economic development. Attendees gain knowledge from networking with other downtown enthusiasts.

Classes, panel discussions, and workshops, facilitated by an impressive lineup of downtown professionals, offer a wide array of topics to help you make the most of YOUR downtown!

After decades of sprawl and suburban dominance, U.S. cities are experiencing rebounding populations, growing employment, and new public and private sector investments in infrastructure, real estate, and place-making. Much of this revitalization can be found in downtowns. It is a welcome and long-awaited upshot of shifting demographics, household structures, and market preferences that are driving higher demand for areas that are walkable and amenity-rich.

Communities that have a high density of office, retail, and residential space find that rents are significantly higher overall, and growing faster, than those in auto-dependent suburban developments, an indication of the pent-up demand for places built for people instead of cars.

These emerging development patterns hold promise for improving accessibility, fostering increased sociability and civic engagement, and generating job growth, creativity, and innovation. Leaders in urban, suburban, and rural communities are thus understandably hungry to better understand and harness the forces behind them to benefit more people and places. They are seeking strategies that scale beyond individual lots or blocks to reinvigorate arts and creative districts, parks, Main Streets, and other economic districts.

At the NC Main Street Conference, March 12 - 14, one of the panel discussions features Brett Sturm, Restoration Specialist at North Carolina Department of Natural and Cultural Resources, is called 'Living it Up Downtown'.  Brett will be presenting with Salisbury's Diane Young and Pete Bogle speaking at the NC Main Street Conference here in Salisbury on Wednesday March 13th. They will be talking about the return of residential development to historic downtown centers such as Salisbury, and how available grant programs can facilitate building upfits and renovations to foster this emerging development pattern.

The NC Annual Main Street Conference is one of the many educational offerings, provided by the NC Main Street & Rural Planning Center, a division within the state's NC Department of Commerce.  Register . . . or volunteer to be a Salisbury Ambassador . . . today!

And when you are ready to make Salisbury, North Carolina your home, give downtown real estate expert Greg Rapp a call: 704.213-6846.

Join the rebound!







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