11 months on rocket

1314 Franklin Ave, High Point, NC, 27260

$220,000

Home List Price

$2,613*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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1314 Franklin Ave, High Point$220,000

Buyer Closing Credits

$2,613*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDriveway, Enclosed, Gravel, Lighted
Year Built1922
HeatingForced Air, Electric
CoolingCentral Air
MLS #1108096
StatusActive

About 1314 Franklin Ave

This is an investors dream! Cash flowing right now! 3 units renting for $500 per unit, 4 units renting for $600 monthly. Utilities included and bills are around $800 monthly. Roof replaced in May. HVAC system works like a charm. 6 rooms rented with 6 month leases. The crawl space was fitted with a moisture barrier and regular pest inspection and treatment done. Private parking in the rear of the house. Two rooms are furnished. The best thing about this property is the 10.5% cap rate!!!! Unheard of! The seller is the listing agent and is willing to maintain the property management for the potential buyer at 10%. This is the investment opportunity you have been waiting on! $5000 towards closing costs with full price cash offers.

Property Details

Property Features

Property Information:

  • Year Built: 1922

Listing Office:

  • Office Name: Versatile Real Estate Group
  • Office Phone: (919) 225-0660
  • Listing Agent: Carlos Parks

Interior Features

Interior Information:

  • Appliances: Electric Water Heater

Exterior Features

Parking Information:

  • Parking: Driveway, Enclosed, Gravel, Lighted

Utilities

Utilities Information:

  • Heating: Forced Air, Electric
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Middle College Gtcc High Point, Public District Grades 9-12
  • The Academy At Central, Public District Grades 9-12
  • Gtcc Middle College High School, Public District Grades 9-12
  • Allen Jay Middle, A Preparatory Academy, Public District Grades 5-8
  • Southwest Guilford Middle School, Public District Grades 6-8
  • Triangle Lake Montessori Elementary School, Public Magnet Grades PK-5

Other

Directions Information:

  • Directions: traveling up Green St towards University, turn right on Hill St, then left on Franklin. House is on the left

Price Information

Listing Price Info

Price Summary:

  • List Price: $220,000

Tax Information:

  • Annual Amount: $350
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in High Point, NC.

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High Point, NC

City

Med. Sold Price

$260.2K

Med. Price/SqFt

$156

Avg. Days On Market

35

# of Sold Homes

144

1314 Franklin Ave vs High Point

356 DAYS ON ROCKET

+321 Days

$220,000

-$40.2K Less

KEY TAKEAWAY

This property is $40.2K less than the Median Sold Price in High Point, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Triad MLS
  • MLS Number: #1108096

Listing Office:

  • Office Name: Versatile Real Estate Group
  • Office Phone: (919) 225-0660
  • Listing Agent: Carlos Parks

IDX Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/28/2024, 11:20:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 09, 2017Home Sold
$15,000
Sep 02, 2016Home Sold
$12,500
Oct 17, 2008Home Sold
$57,500

Tax History

YEARPROP. TAXASSESSMENT
2021$350$25,400
2020$350$25,400
2018$350$25,400
2017$350$25,400

History based on county public records data.

Payment Calculator

$1,166

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$726

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4035165
4
/10

  • Triangle Lake Montessori Elementary School

  • 2401 Triangle Lake Rd

  • 0.80 miles

  • Public Magnet Grades PK-5

Middle School

school-card-donut-4035166
4
/10

  • Allen Jay Middle, A Preparatory Academy

  • 1201 E Fairfield Rd

  • 2.47 miles

  • Public District Grades 5-8

school-card-donut-4035167
3
/10

  • Southwest Guilford Middle School

  • 4368 SW School Rd

  • 6.51 miles

  • Public District Grades 6-8

High School

school-card-donut-4035168
8
/10

  • Middle College Gtcc High Point

  • 901 S Main St

  • 1.06 miles

  • Public District Grades 9-12

school-card-donut-4035169
6
/10

  • The Academy At Central

  • 700 Chestnut Dr

  • 2.05 miles

  • Public District Grades 9-12

school-card-donut-4035170
7
/10

  • Gtcc Middle College High School

  • 601 High Point Rd

  • 4.87 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $9,429. Most High Point, NC residents have annual incomes less than $35k. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›North Carolina›Guilford County›High Point›27260›1314 Franklin Ave

This home is located at 1314 Franklin Ave in High Point, NC and zip code 27260. This home was built in 1922. It has been listed on Rocket Homes since June 08, 2023 and is currently priced at $220,000.

High Point, NC housing market in April 2024 saw over 37 listings sold above listed price, more than 42 sold at listed price and over 65 sold below. Between March 2024 and April 2024, High Point, NC real estate market has seen decrease in the number of listings by 0.6%. The median list price of listings available in April 2024 was $260,238, while the average time on the real estate market was 35 days.

From Rocket Homes Real Estate and based on county public records data.

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