4 unit apartment building situated on 2.9 acres has potential income of $2,000 - $2,400 per month. Approximately 4300 heated square feet includes (1) 3br 2ba unit @ $800/month, (2) 2br 1ba units @ $600/unit/month and (1) 1br 1ba unit @ $400/month. Double carport on main level with 2 garages on lower level. Septic for lower 2 units needs to be replaced and 2 units need some cosmetic work
Sold for $34,500
$34,500
770 Drexel Rd, Valdese, NC 28690
8beds
4,278sqft
MultiFamily
Built in 1963
-- sqft lot
$-- Zestimate®
$8/sqft
$1,358 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,358/mo
Zestimate® history
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Range / Oven, Refrigerator
- Laundry: Utility Room, Electric Dryer Hookup, Main Level, Lower Level
Features
- Ceiling Fan(s), Wired for Data
- Flooring: Tile, Carpet
- Windows: Insulated Windows
- Basement: Finished
- Has fireplace: Yes
- Fireplace features: Living Room
Interior area
- Total interior livable area: 4,278 sqft
Property
Parking
- Total spaces: 4
- Parking features: Carport
Features
- Exterior features: Brick
- Waterfront features: Creek, Stream/Creek
Lot
- Size: 2.91 Acres
- Features: Wooded, Private, Trees
Details
- Parcel number: 6488
- Zoning: AA0
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
Materials
- Foundation: Concrete Block
- Roof: Built-up
Condition
- Year built: 1963
Utilities & green energy
- Water: Public
Community & neighborhood
Location
- Region: Valdese
Other
Other facts
- BuildingFeatures: DSL/Cable Available
- WaterSource: Public
- Flooring: Carpet, Tile
- WaterfrontFeatures: Creek, Stream/Creek
- Appliances: Refrigerator, Electric Water Heater, Oven
- InteriorFeatures: Ceiling Fan(s), Wired for Data
- ArchitecturalStyle: Ranch
- GarageYN: true
- CarportYN: true
- Basement: Partially Finished, Interior Entry, Basement, Exterior Entry, Basement Garage Door
- HeatingYN: true
- CoolingYN: true
- NumberOfUnitsTotal: 4
- CurrentFinancing: Conventional, Cash, Construction Perm Loan
- FireplaceFeatures: Living Room
- NumberOfUnitsInCommunity: 4
- Cooling: Window Unit(s)
- LotFeatures: Wooded, Private, Trees
- OpenParkingSpaces: 0
- SpecialListingConditions: Standard
- WindowFeatures: Insulated Windows
- FarmLandAreaUnits: Square Feet
- CoveredSpaces: 4
- LaundryFeatures: Utility Room, Electric Dryer Hookup, Main Level, Lower Level
- ParkingFeatures: Gravel, Garage - 2 Car, Carport - 2 Car
- RentIncludes: Exterior Maintenance
- TenantPays: All Utilities
- StructureType: Site Built
- Heating: Electric Baseboard Heat
- RoadResponsibility: Publicly Maintained Road
- Zoning: AA0
- MlsStatus: Active
- TaxAnnualAmount: 191704.00
Price history
| Date | Event | Price |
|---|---|---|
| 7/21/2023 | Sold | $34,500-79.7%$8/sqft |
Source: Public Record Report a problem | ||
| 1/1/2021 | Listing removed | -- |
Source: Canopy MLS as distributed by MLS GRID Report a problem | ||
| 10/26/2020 | Listed for sale | $169,900$40/sqft |
Source: Burke Real Estate Inc. #3558773 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,118 +6.3% | $281,209 +4.9% |
| 2024 | $1,992 | $268,138 +2.4% |
| 2023 | $1,992 +27.9% | $261,887 +54.4% |
Find assessor info on the county website
Neighborhood: 28690
Nearby schools
GreatSchools rating
- 7/10Drexel PrimaryGrades: PK-5Distance: 1.9 mi
- 4/10Heritage MiddleGrades: 6-8Distance: 3.5 mi
- 8/10Jimmy C. Draughn High SchoolGrades: 9-12Distance: 5.4 mi
Schools provided by the listing agent
- Elementary: Drexel/Burton
- Middle: Heritage
- High: Jimmy C Draughn
Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- North Carolina
- Burke County
- Morganton
- 28690
- 770 Drexel Rd