Sold 7/1/14

2344 Gordon Rd
High Point, NC 27265

95 Bd   31 Ba   15,864 Sqft
RENTAL HOMES INVESTMENT OPPORTUNITY!!! This investment opportunity consists of three housing plots that are to be sold together - Plots 2344, 2406 and 2335 Gordon Road are the three properties. Consolidated, these three properties total 34 rental homes and associated service buildings. The occupancy rate has been in excess of 90% and the total annual Net Income from these homes is in excess of $160,000., in each of the last two years. The Cap Rate is in excess of 10%! SHOWING APPOINTMENT REQUIRED.
  • Zipcode: 27265
  • Days on Movoto: 164
  • Year Built: 1980
  • HOA: $0 HOA
  • $/Sqft: $95
  • Lot: 16.52 Acres
  • Property Type: Single Family
  • MLS#: 695068
  • MLS:
  • Listing Office: Berkshire Hathaway HomeServices Yost & Little Realty
  • Listed By: Thomas J Heslin
  • Movoto last checked TRIAD MLS for new data 20 minutes ago
  • TRIAD MLS last updated this listing 2 years ago
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Property History

Status
Date
Price
Sold
Jul 1, 2014
$1,500,000
Pending
Jun 10, 2014
Due Diligence Period
Jun 5, 2014
Listed
Jan 18, 2014
$1,650,000
#695068

Public Record

3 Beds
2 Baths
3,410 Sqft Building Area
Single Family Residential
7.05 AC Lot Size
1922 Year Built
$600,000 Last Sale Price
04/03/2007 Last Sale Date
Siding (Alum/Vinyl) Exterior Walls
Forced air unit Heating
Y Fire Place
2344 Gordon Rd is a single family home located in 27265 in High Point, NC. It was last listed for $1,500,000, which is 711% above the current market median of $184,900 in 27265 and 817% above the market median of $163,500 in High Point. 2344 Gordon Rd is approximately 15,864 Sqft, which is 686% above the median size in High Point of 2,018 Sqft and 653% above the median size in 27265 of 2,106 Sqft. This property's price per square foot was $95, which is 3% above the current median in 27265 of $92 and 7% above the High Point median of $89. As of today, , there are 243 properties listed for sale in ZIP code 27265 and 476 properties listed for sale in the city of High Point. Of those 476 properties, there are 383 single family houses and 93 condos.
Built in 1980, this 95-bedroom, 31-bathroom single family house at 2344 Gordon Rd, High Point NC, 27265 is approximately 15,864 square feet and does not come with a parking spot. It was last listed with a cost per Sqft of $95. 2344 Gordon Rd is located in the Guilford County School District. The closest school is T Wingate Andrews High School.

2344 Gordon Rd, High Point NC, 27265 was on the market for 164 days. The median days on the market for properties in this area is 73 with a median list price of $163,500 and median cost per square foot of $89. Its current status is sold under the MLS #695068.

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