$499,000

309 Morgan Street, Wadesboro, NC 28170

  • 8 beds |
  • 8 baths |
  • 5,093 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1890
  • Property Lot Size Icon0.39acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $98/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

Beautiful historic home that has been converted to 8 apartments within walking distance to downtown Wadesboro. Currently generating over $59k in net cash flow generating over an 11% Cap rate!!! This building has maintained much of it's charm over the years with original hardwood floors and other classic accents throughout the building. Currently 8 of the apartments are occupied and many have been painted and refurbished. Most of the tenets have lived at this property for over a year. This property is a great opportunity for a savvy investor or anyone who loves big historic homes.

Listing Status:
Active
Data Last Updated:
June 25, 2026 at 1:16AM
Listing Office:
COMPASS : 704-234-7880
MLS ID:
4356330
  • Appliances: Electric Water Heater
  • Laundry: Laundry Room
  • A/C: Ceiling Fan(s)Wall Unit(s)
  • Heating: Wall Furnace
  • Parking: DrivewayParking Lot
  • General: Site BuiltCrawl Space
  • Road/Access: Gravel
  • Originating MLS: carolina
  • County: Anson
  • Zoning: MultiFam6474-15-63-4927-00
  • Water: City
  • Sewer: Public Sewer
  • Source: carolina

This listing courtesy of COMPASS

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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