$81,827
$45,000
81.8%For more information regarding the value of a property, please contact us for a free consultation.
803 Lakeside AVE Burlington, NC 27217
2 SqFt
Key Details
Sold Price $81,827
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2 sqft
Price per Sqft $40,913
Subdivision Not In A Subdivision
MLS Listing ID 10023871
Sold Date 05/20/24
Style Ranch
HOA Y/N No
Year Built 1950
Annual Tax Amount $2,373
Lot Size 2 Sqft
Acres 0.89
Lot Dimensions 198x267z99z285
Property Sub-Type Single Family Residence
Land Area 2
Property Description
Land value pricing makes this a lucrative opportunity! Situated on .89 acres in Burlington, there is immense potential for savvy investors or flippers with this one. Though the existing home has been affected by fire and is currently uninhabitable (or safe to walk through), the City of Burlington's zoning regulations present lucrative prospects: Rebuild the existing structure, (with code enforcement consult & engineer work as per city requirements), or start afresh, constructing up to 6 detached single-family homes or 8 single-family attached under HDR zoning. (Buyer should have a survey to verify acreage to determine the exact number of units allowed). The possibilities are boundless. Don't miss this chance to capitalize on this promising investment opportunity!
***BRING YOUR HIGHEST & BEST OFFER BY 3PM ON SUNDAY, APRIL 21***
Location
State NC
County Alamance
Community Not In A Subdivision
Area 0.89
Zoning HDR
Interior
Heating See Remarks
Cooling None
Flooring None, See Remarks
Fireplace No
Exterior
Garage Spaces 2.0
Roof Type None, See Remarks
Total Parking Spaces 2
Garage No
Building
Story One
Foundation Other
Water Public
Architectural Style Ranch
New Construction No
Schools
Elementary Schools Alamance - Hillcrest
Middle Schools Alamance - Turrentine
High Schools Alamance - Walter Williams
Others
Tax ID 126887
Acceptable Financing Cash
Listing Terms Cash
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