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Erin Blanton

therealerinblanton@gmail.com +1(704) 756-9430

$ 469,000

Est. payment -/mo

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New

108 S Main ST Wingate, NC 28174

7 Beds

3 Baths

2,792 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,792 sqft

Price per Sqft $167

MLS Listing ID 4407726

Bedrooms 7

Full Baths 3

Abv Grd Liv Area 2,792

Year Built 1914

Lot Size 0.950 Acres

Acres 0.95

Property Sub-Type Single Family Residence

Property Description

Exceptional Investment Opportunity Near Wingate University! Located just steps from the campus, this well-maintained property offers an outstanding opportunity for investors seeking immediate and future income potential. Currently configured and operated as student housing, the home features over 2,500 square feet with seven private bedrooms, including one bedroom with a private en-suite bath, a spacious shared kitchen, central community laundry room, welcoming foyer, and two additional shared full bathrooms.
Situated on approximately 0.95 acres, the property also offers a large private parking lot for residents and a detached garage used exclusively for owner storage.
Since purchasing the property in 2019, the current owners have completed numerous major capital improvements, including a new roof, plumbing upgrades, all new windows, new HVAC equipment, and a fully functional, code-compliant commercial fire sprinkler system.
The property is currently approved for commercial use (buyers should verify current zoning and permitted uses with the Town of Wingate, as zoning confirmation is pending). Only one bedroom is currently occupied, as ownership has elected to stop leasing additional rooms in preparation for the sale. This provides the new owner with the opportunity to establish their own leasing strategy, tenant selection, and rental rates while filling the remaining vacancies at their own pace.
With its established history as student housing, ample on-site parking, significant recent improvements, and prime location just minutes from Wingate University, this is a rare opportunity to acquire a unique investment property with substantial upside potential.

Location

State NC

County Union

Zoning B1

Rooms

Main Level Bedrooms 4

Main Level Bedroom(s)

Interior

Heating Heat Pump, Natural Gas

Cooling Central Air, Heat Pump

Fireplaces Type Non-Functional

Fireplace false

Appliance None

Laundry Common Area, Utility Room

Exterior

Utilities Available Cable Connected, Electricity Connected, Natural Gas

Street Surface Asphalt,Paved

Porch Wrap Around

Garage false

Building

Lot Description Corner Lot

Dwelling Type Site Built

Foundation Crawl Space

Sewer Public Sewer

Water City

Level or Stories Two

Structure Type Hardboard Siding

New Construction false

Schools

Elementary Schools Unspecified

Middle Schools Unspecified

High Schools Unspecified

Others

Senior Community false

Special Listing Condition None

Listed by Eric Storey • Blue Collar Realty LLC • ecstorey@gmail.com