220 Armour ST, Davidson, NC 28036
220 Armour ST, Davidson, NC 28036
220 Armour ST, Davidson, NC 28036
220 Armour ST, Davidson, NC 28036
220 Armour ST, Davidson, NC 28036
220 Armour ST, Davidson, NC 28036
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$ 795,000
Est. payment | /mo

5 Beds

4.5 Baths

2,723 SqFt


Save
$ 795,000
Est. payment | /mo
Save

5 Beds

4.5 Baths

2,723 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 2,723 sqft

Price per Sqft $291

MLS Listing ID 4435199

Bedrooms 5

Full Baths 4

Half Baths 1

Abv Grd Liv Area 2,723

Year Built 1911

Lot Size 9,147 Sqft

Acres 0.21

Property Sub-Type Triplex

Property Description

DOWNTOWN DAVIDSON: THREE HOMES ON ONE LOT. A short walk to Brickhouse Tavern, Summit Coffee, Kindred, Main Street and the Davidson College campus. 220 Armour Street consists of a single family home (built in 1911) plus two detached garage apartments (ADUs) on a 0.21-acre in-town lot. Both apartments are tenant occupied. Live in the main house and let the rental income help carry the mortgage, lease all three or hold a walkable downtown lot in Davidson, NC.

THE MAIN HOUSE: At the entry you'll find an inviting living room with a fireplace. There is also a second living area off the renovated kitchen. The house has two bedrooms and two full baths, in a floor plan that serves many purposes. The larger bedroom has a true private ensuite. The second bedroom has a full bath attached that also opens to the hall. Off the second living area is the laundry room and a flex room that could be used as a bedroom, office or storage. Original hardwoods in the bedrooms, with LVP and tile throughout the rest of the house. The house has been used for the past several years as a successful short-term rental property.

THE GARAGE APARTMENTS: Two detached accessory dwelling units, each a carriage-house style guest house over its own one-car garage. Unit B is a 1 bedroom /1 bath, currently rents for $1275. Unit C is a 1 bedroom /1.5 bath, rents for $875. Both are tenant occupied with recently renewed 12-month leases, so this income property has its rent roll in place from day one. Current rent for Unit C is far below market, presenting an opportunity for enhanced income potential.

THE LOT: 0.21 acres, approx. 60 x 150, zoned Village Infill (VI), Flood Zone X, city water and city sewer, no HOA. If you are looking for a downtown Davidson building site for new construction, this lot and its newer rear structures give you options: build new, keep one apartment, or keep both. Buyer to confirm all redevelopment, demolition, subdivision and permitted uses with the Town of Davidson Planning Department.

OFFERED STRICTLY AS-IS. Buyer is encouraged to complete all inspections during the Due Diligence Period. Buyer to verify square footage, bedroom count, zoning, permitted uses and all lease terms. Both garage apartments are tenant-occupied and will be shown only after an accepted offer, with notice to the tenants.

Location

State NC

County Mecklenburg

Zoning VIP

Interior

Heating Forced Air, Heat Pump, Natural Gas

Cooling Ceiling Fan(s), Central Air, Heat Pump, Wall Unit(s)

Flooring Tile, Vinyl, Wood

Fireplaces Type Living Room

Fireplace true

Appliance Electric Range, Electric Water Heater, Refrigerator

Laundry Other - See Remarks

Exterior

Garage Spaces 2.0

Roof Type Composition

Street Surface Gravel,Paved

Porch Front Porch

Garage true

Building

Dwelling Type Site Built

Foundation Crawl Space, Slab

Sewer Public Sewer

Water City

Structure Type Hardboard Siding,Vinyl

New Construction false

Schools

Elementary Schools Davidson

Middle Schools Bailey

High Schools William Amos Hough

Others

Pets Allowed Yes

Senior Community false

Special Listing Condition Subject to Lease

Listed by Sean Herndon • EXP Realty LLC Mooresville • [email protected]

Nearby Locations

Caroline Grant

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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220 Armour ST