516 Cross ST Sanford, NC 27330
4 Beds
2 Baths
1,928 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Square Footage 1,928 sqft
Price per Sqft $181
Subdivision Mckernon Heights
MLS Listing ID 10150193
Style Traditional
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1951
Annual Tax Amount $2,063
Lot Size 1,928 Sqft
Acres 0.25
Property Sub-Type Duplex
Source Doorify MLS
Land Area 1928
Property Description
Discover this beautifully renovated duplex at 516-518 Cross St, Sanford, NC 27330 - a smart choice for savvy investors or homeowners looking to live comfortably while generating rental income. Priced at just $349,500, this 1,928 sqft property on a spacious 0.25-acre lot offers incredible value in a charming historic neighborhood close to vibrant downtown Sanford.
Key Features:
Dual Units for Flexibility: Each side boasts 964 sqft with 2 bedrooms, 1 bathroom, and gleaming hardwood floors. Modern updates include central cooling, vinyl exterior, private rear decks, covered front porches, and a sturdy shingle roof on a crawl/raised foundation - built in 1951 but renovated for today's lifestyles.
Income Potential: One unit is already leased to a reliable long-term tenant, providing immediate cash flow. The vacant side is ready for showings - perfect for owner-occupiers to move in and rent out the other half to offset your mortgage. With a Rent of $2,400/month total for both sides this could yield strong returns.
Lifestyle Perks: Enjoy territorial and city views from this well-maintained gem. All appliances are included, and the location puts you steps from downtown amenities, shops, and community vibes.
For Investors: Turnkey rental with one side occupied - minimal vacancy risk! Capitalize on Sanford's growing market for steady appreciation and passive income.
For Owner-Occupiers: Live in one unit while renting the other. Ideal for first-time buyers, downsizers, or anyone seeking affordable housing with built-in revenue.
Don't miss this versatile property. Serious inquiries only.
Location
State NC
County Lee
Community Mckernon Heights
Area 0.25
Interior
Interior Features Ceiling Fan(s)
Cooling Central Air
Flooring Tile, Wood, See Remarks
Fireplace No
Appliance Dryer, Washer
Exterior
Exterior Feature Storage
Parking Features On Street
Roof Type Shingle
Garage No
Building
Story One
Water Public
Architectural Style Traditional
New Construction No
Schools
Elementary Schools Lee - Benjamin T Bullock Elementary School
Middle Schools Lee - West Lee Middle School
High Schools Lee - Lee County High School
Others
Senior Community No
Tax ID 964340222400
Acceptable Financing Cash, VA Loan, Other
Listing Terms Cash, VA Loan, Other
