1300 Railroad Street
Henderson, NC 27536Huge Price Reduction! Now $85,900 with a 6.4% Cap Rate! Outstanding investment opportunity in Henderson! This 3 Bedroom, 1 Bath home has been tenant-occupied since 2010, offering over a decade of consistent rental history and proven cash flow. With the price reduced from $129,900 to just $85,900, the property now achieves a 6.4% cap rate, making it an attractive option for investors seeking steady returns at an affordable entry point. Currently generating $595/month on a month-to-month lease, this home provides immediate income with the flexibility to adjust rents or pursue value-add improvements to unlock additional upside. Offering 1,179 sq. ft. of living space, the property balances affordability with long-term potential, making it well-suited for both new and experienced investors. With reliable tenancy, strong rental demand, and a significantly improved cap rate at the new price, this property represents one of the best value opportunities in today's market. Contact Jessica today for additional financials and showing availability.
$74,900
3 bedrooms
1 full bathrooms
0.11 acres
1,179 square feet
$64 per square foot
- Exterior Features
- Interior Features
- Property Features
- Construction Materials Brick
- Lot Size Acres 0.11
- Parking Features Off Street
- Structure Type Site Built
- Above Grade Finished Area 1,179
- Cooling Window Unit(s)
- Cooling Y/N Yes
- Flooring Carpet, Vinyl
- Heating Floor Furnace
- Heating Y/N Yes
- Tax Annual Amount 367.99
- Water Source Public
- Year Built 1950
Additional Property Information
- TypeSingle Family Residence
- Built1950
- NeighborhoodNot in a Subdivision
- CountyVance
- AreaHenderson
- Elementary SchoolVance - Pinkston Street
- Middle SchoolVance - Vance County
- High SchoolVance - Vance County
Listing courtesy of Taylor Realty & Investment Grp. © 2024 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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