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:
  • $/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 7 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
As of , there are 201 properties listed for sale in ZIP code 27265 and 453 properties listed for sale in the city of High Point, NC. Those 453 properties include 386 single family homes and 67 condos. This property at 2344 Gordon Rd in 27265 was last listed for $1,500,000. This is 843% above the current median price of $159,000 for High Point and 733% above the median of $180,000 for 27265. 2344 Gordon Rd is approximately 15,864 square feet, which is 687% above the High Point median of 2,017 and 618% above the 27265 ZIP code median of 2,209. This property's price per Sqft was $95, which is 1% above the current median price in 27265 of $94 and 7% above the High Point median of $89 per square foot.
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 70 with a median list price of $159,000 and median cost per square foot of $89. Its current status is sold under the MLS #695068.

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