1 year on rocket

1314 Franklin Ave, High Point, NC, 27260

$275,000

Home List Price

$3,266*

Closing Credit

0 Baths
Multi

Location

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1314 Franklin Ave, High Point$275,000

Buyer Closing Credits

$3,266*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDriveway, Enclosed, Gravel, Lighted
Year Built1922
HeatingForced Air, Electric
CoolingCentral Air
MLS #1108096
StatusActive

About 1314 Franklin Ave

This is an investors dream! Cash flowing right now! The crawl space was fitted with a moisture barrier and regular pest inspection and treatment done. Private parking in the rear of the house. Two rooms are furnished. The best thing about this property is the 13.5% cap rate!!!! Unheard of! The seller is the listing agent and is willing to maintain the property management for the potential buyer at 10%. This is the investment opportunity you have been waiting on! A cash flowing asset perfect for DSCR seekers! $5000 towards closing costs with full price cash offers.

Property Details

Property Features

Property Information:

  • Year Built: 1922

Listing Office:

  • Office Name: Versatile Real Estate Group
  • Office Phone: (919) 225-0660
  • Listing Agent: Carlos Parks

Interior Features

Interior Information:

  • Appliances: Electric Water Heater

Exterior Features

Parking Information:

  • Parking: Driveway, Enclosed, Gravel, Lighted

Utilities

Utilities Information:

  • Heating: Forced Air, Electric
  • Cooling: Central Air

Other

Directions Information:

  • Directions: traveling up Green St towards University, turn right on Hill St, then left on Franklin. House is on the left

Price Information

Listing Price Info

Price Summary:

  • List Price: $275,000

Tax Information:

  • Annual Amount: $350
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in High Point, NC.

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High Point, NC

City

Med. Sold Price

$260.9K

Med. Price/SqFt

$159

Avg. Days On Market

29

# of Sold Homes

120

1314 Franklin Ave vs High Point

532 DAYS ON ROCKET

+503 Days

$275,000

+$14K More

KEY TAKEAWAY

This property is $14K more than the Median Sold Price in High Point, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Triad MLS
  • MLS Number: #1108096

Listing Office:

  • Office Name: Versatile Real Estate Group
  • Office Phone: (919) 225-0660
  • Listing Agent: Carlos Parks

IDX Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 6:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 09, 2017Home Sold
$15,000
Sep 02, 2016Home Sold
$12,500
Oct 17, 2008Home Sold
$57,500

Tax History

YEARPROP. TAXASSESSMENT
2021$350$25,400
2020$350$25,400
2018$350$25,400
2017$350$25,400

History based on county public records data.

Payment Calculator

$1,440

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$891

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-202245
4
/10

  • Triangle Lake Montessori Elementary School

  • 2401 Triangle Lake Rd

  • 0.81 miles

  • Public Magnet Grades KG-5

school-card-donut-202246
4
/10

  • Parkview Village Elementary School

  • 325 Gordon St

  • 1.04 miles

  • Public Magnet Grades PK-5

school-card-donut-202247
3
/10

  • Fairview Elementary School

  • 608 Fairview St

  • 1.27 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $9,429. Residents of High Point, NC typically earn less than $35k each year. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Living In High Point, NC

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in High Point, NC?

High Point's housing market showcases a diverse array of options, with single-family homes being a significant component, reflecting a mix of architectural styles from classic colonial to contemporary. The market also includes a selection of apartments and townhouses, accommodating various preferences and lifestyles. The majority of homes were constructed during a development boom in the late 20th century, with many neighborhoods featuring mature trees and established landscaping. The area features a homeownership rate that is reflective of a community invested in long-term residency and stability.

Is High Point, NC a good place to live?

High Point is celebrated for its unique identity as the 'Home Furnishings Capital of the World,' hosting the renowned High Point Market, a major event in the international home furnishings industry. The community prides itself on a blend of cultural and recreational activities, with local parks, museums, and an active downtown area contributing to the city's vibrant character. Seasonal festivals and community events further enrich the local culture, fostering a sense of pride and togetherness among residents.

Are things conveniently located in High Point, NC?

The community is served by a robust educational system, including a number of public and private schools that cater to a range of educational needs, from early childhood to secondary education. High Point also has healthcare facilities that provide residents with access to various medical services, including primary care and specialized treatments. The city maintains a public library system that supports lifelong learning and community engagement. Retail and dining options in High Point reflect the local culture, with an emphasis on furniture and home decor, as well as a variety of eateries that offer both local and international cuisine.

What does the transportation in High Point, NC look like?

Transportation in High Point includes a network of major roads and highways that facilitate travel and commuting to neighboring cities such as Greensboro and Winston-Salem. Public transit options are available, providing residents with alternatives to private vehicle use. The city's layout and infrastructure also support varying degrees of walkability and bikeability, with certain areas offering more pedestrian-friendly environments than others. While ride-sharing services are present, they complement the existing transportation options, enhancing mobility within the city.

Rocket Homes›North Carolina›Guilford County›High Point›27260›1314 Franklin Ave

This home is located at 1314 Franklin Ave in High Point, NC and zip code 27260. This home was built in 1922. It has been listed on Rocket Homes since June 08, 2023 and is currently priced at $275,000.

In October 2024, from all listings sold in High Point, NC there were more than 36 sold above asking price, over 58 sold below and more than 26 were sold right at the asked price. The inventory of homes for sale in High Point, NC between September 2024 and October 2024 increased by 4.4%. Listings spent 29 days on the market in October 2024, and had a median list price of $260,958 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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