About this property

Exceptional Investment Opportunity or Large Family Near Wingate University! Located just steps from the campus, this well-maintained property offers an outstanding opportunity for investors seeking immediate and future income potential. Currently configured and operated as student housing, the home features over 2,500 square feet with seven private bedrooms, including one bedroom with a private en-suite bath, a spacious shared kitchen, central community laundry room, welcoming foyer, and two additional shared full bathrooms.Situated on approximately 0.95 acres, the property also offers a large private parking lot for residents and a detached garage used exclusively for owner storage. Since purchasing the property in 2019, the current owners have completed numerous major capital improvements, including a new roof, plumbing upgrades, all new windows, new HVAC equipment, and a fully functional, code-compliant fire sprinkler system. Owner has elected to stop leasing additional rooms in preparation for the sale. This provides the new owner with the opportunity to establish their own leasing strategy, tenant selection, and rental rates while filling the remaining vacancies at their own pace. Or, purchasing for a Large Family for their own personal use. Main level private bedroom and bathroom suite could be used as separate living quarters as an in-law suite, or shared living space. Many possibilities! With its established history as student housing, ample on-site parking, significant recent improvements, and prime location just minutes from Wingate University, this is a rare opportunity to acquire a unique investment property with substantial upside potential.

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