Prime Downtown Commercial property located on the corner of Arendell Avenue and Horton Street. Excellent investment opportunity with established tenants in place.
**FIve rental units! three are rented , two vacant.
101 Horton St $400/mo, 547 SF
103 Horton St $750/mo 1306 SF
105 Horton St $1100/mo 805 SF
200 A Arendell Ave vacant 1170 SF
200 B Arendell Ave owner occupied 720 SF
Great income potential only one unit has lease expiring 12/25, others are month to month. Market income estimated around $6,500/ month.
Approximately 11% return after annual taxes, insurance, etc.
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Listing Snapshot
Price
$570,000
Days On Site
29 Days
Bedrooms
N/A
Inside Area (SqFt)
4,548 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.11 Acres
Year Built
1950
MLS® Number
10103857
Status
Pending
Property Tax
$4,801.1
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
4 weeks ago
Listing updated with changes from the MLS®
4 weeks ago
Status changed to Pending
4 weeks ago
Listing first seen on site
General Features
Acres
0.11
Lease Term
12 Months
Number Of Stories
1
Property Sub Type
Business
Security
Varies By Unit
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
4548
Utilities
Electricity AvailableElectricity ConnectedSewer ConnectedWater Available
Zoning
DTC
Interior Features
Cooling
Central Air
Heating
CentralForced Air
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Exterior Features
Construction Details
Brick
Lot Features
Cleared
Road Frontage
City StreetHighway
Roof
Flat
Community Features
Financing Terms Available
CashConventional1031 Exchange
Roads
Asphalt
Listing courtesy of Dallas Pearce of Dallas Pearce Realty
Listings that are marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Copyright 2025 Triangle MLS, Inc. of North Carolina. All rights reserved.
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