Address
503 Coggins Avenue, Albemarle, NC
Price
$ 545,000
Property Attributes
- ID#4417579
- TypeMulti-Family
- Listing Status Active
- CountySTANLY
- CityAlbemarle
- AreaStanly County
- Zip28001
- Style
- Year Built1978
- Price$ 545,000
- Bedrooms9
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage3215
- Lot Size0.85 Acres
Data Source:
Canopy MLS
Property Description
Turnkey investment opportunity in the heart of Albemarle! This prime multi-property portfolio features four fully occupied units generating a reliable, robust annual income of $55,800. With low operating overhead and strong historical performance, this portfolio offers immediate cash flow and strong upside potential for savvy investors or portfolio builders. Positioned in a high-demand rental pocket, tenants enjoy unmatched convenience to historic downtown Albemarle's local dining and shops, nearby parks, local wineries, and quick weekend access to Badin Lake and Lake Tillery. Complete rental history and detailed income/expense reports are available upon request—step right into a streamlined, income-producing asset without missing a beat!
| Elementary School | Middle School | High School |
|---|---|---|
| Unspecified Elementary School | Unspecified Middle School | Unspecified High School |
| Price History | |
|---|---|
| 9/15/2026 | Listed $545,000 |
General Features
| Living Area | 3215 |
|---|---|
| Sewer | Public Sewer |
| Heating | Central |
| Cooling | Central Air |
| Appliances | Other |
| Construction Materials | Other - See Remarks |
| Pets Allowed | Conditional |
| Year Built | 1978 |
| Tenant Pays | All Utilities |
| Property Subtype | Portfolio |
| Parcel Number | 6548-04-83-5629 |
| OwnerPays | Management |
| Additional Parcels Description | 654804629027,654803425376,654803426303 |
| County | Stanly |
| New Construction | No |
| Property Type | Residential Income |
| HOA | No |
| Subdivision Name | None |
| Garage Y/N | No |
| Full Baths | 4 |
| High School | Unspecified |
| City | Albemarle |
| Senior Community Y/N | No |
| Number Of Units Total | 4 |
| Lot Size Units | Acres |
| Carport Y/N | No |
| Elementary School | Unspecified |
| Middle/Junior High School | Unspecified |
| Additional Parcels Y/N | Yes |
| Standard Status | Active |
| CAR_HOASubjectTo | None |
| Construction Type | Site Built |
| Tax Assessed Value | 216953 |
| Listing Terms | Cash,Conventional |
Interior Features
| Basement (Y/N) | No |
|---|---|
| Above Grade Finished Area | 3215 |
| Laundry Features | Other - See Remarks |
| Total Bedrooms | 9 |
Exterior Features
| Parking Features | Driveway |
|---|---|
| Water Source | City |
| Lot Size Area | 0.85 |
| Foundation Details | Crawl Space |
| Building Area Total | 3215 |
| Road Surface Type | Other,Paved |
| Road Responsibility | Publicly Maintained Road |
| Main Level Garage YN | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 28001
Price
Year Built
Visits
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