108 S Main Street Wingate, NC 28174

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Bed: 7
Bath: 3
1/2 Bath: 0
Sq. Ft.: 2,792
Acreage: 0.95

Community: Wingate in Union County

7 bed
3 bath
0 1/2 bath
2,792 Sq. Ft.
0.95 acres

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 fire sprinkler system. 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.

Presented by:
Eric Storey at Blue Collar Realty LLC
Listed by:
Blue Collar Realty LLC

Attribution: [email protected]
Original Listing Price: 469,000
MLS #: ‍4407726
Listing Status: Active
Days on Market: 80
Buying Firm Commission: Test

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Property Features

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Water: City
Year Built: 1914
Subdivision: none
Lot Description: Corner Lot
Basement/Foundation: Crawl Space
Sewer: Public Sewer
Heating/Cooling: Heat Pump,Natural Gas
Cooling: Central Air,Heat Pump
Garage/Carport: Parking Lot,Parking Space(s)

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