Lori Boger
REALTOR®
BEDS5
BATHS4 full 1 partial
SQUARE FEET2,723
MLS#4435199
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
DOWNTOWN DAVIDSON: THREE HOMES ON ONE LOT. A short walk to Brickhouse Tavern, Summit Coffee, Kindred, Main Street and the Davidson College campus. 220 Armour Street consists of a single family home (built in 1911) plus two detached garage apartments (ADUs) on a 0.21-acre in-town lot. Both apartments are tenant occupied. Live in the main house and let the rental income help carry the mortgage, lease all three or hold a walkable downtown lot in Davidson, NC.THE MAIN HOUSE: At the entry you'll find an inviting living room with a fireplace. There is also a second living area off the renovated kitchen. The house has two bedrooms and two full baths, in a floor plan that serves many purposes. The larger bedroom has a true private ensuite. The second bedroom has a full bath attached that also opens to the hall. Off the second living area is the laundry room and a flex room that could be used as a bedroom, office or storage. Original hardwoods in the bedrooms, with LVP and tile throughout the rest of the house. The house has been used for the past several years as a successful short-term rental property.THE GARAGE APARTMENTS: Two detached accessory dwelling units, each a carriage-house style guest house over its own one-car garage. Unit B is a 1 bedroom /1 bath, currently rents for $1275. Unit C is a 1 bedroom /1.5 bath, rents for $875. Both are tenant occupied with recently renewed 12-month leases, so this income property has its rent roll in place from day one. Current rent for Unit C is far below market, presenting an opportunity for enhanced income potential.THE LOT: 0.21 acres, approx. 60 x 150, zoned Village Infill (VI), Flood Zone X, city water and city sewer, no HOA. If you are looking for a downtown Davidson building site for new construction, this lot and its newer rear structures give you options: build new, keep one apartment, or keep both. Buyer to confirm all redevelopment, demolition, subdivision and permitted uses with the Town of Davidson Planning Department.OFFERED STRICTLY AS-IS. Buyer is encouraged to complete all inspections during the Due Diligence Period. Buyer to verify square footage, bedroom count, zoning, permitted uses and all lease terms. Both garage apartments are tenant-occupied and will be shown only after an accepted offer, with notice to the tenants.
Property Features
Property Type: Multi Unit - Multiple
Garage: 2 car attached
Heating: Forced Air, Heat Pump, Natural Gas
Lot Size: 0.21 Acres
Roof Type: Composition
Year Built: 1911
Feature Descriptions
Appliances: Electric Range, Electric Water Heater, Refrigerator
Days on Site: 7
Exterior: Hardboard Siding, Vinyl
Fireplace: Living Room
Flooring: Tile, Vinyl, Wood
Foundation: Crawl Space, Slab
Laundry: Other - See Remarks
Parcel#: 326308
Parking: Driveway, Attached Garage
Patio/Porch: Front Porch
Pets Allowed: Yes
Sewer: Public Sewer
Units: 3
Water: City
Local Schools
High School: William Amos Hough
Middle School: Bailey
Elementary School: Davidson
Listed By / Shown By
Listed By
Agency Name: EXP Realty LLC Mooresville
Agency Contact: sean.herndon@winstondane.com
Shown By
Agent Name: Lori Boger
Agent Phone: (704) 818-7445
Agency Title: Lake Norman Realty
Estimate Your Payment
Estimated Payment
$ 0.00 per month $0.00 Principal & Interest $0.00 Property Tax (data not provided by mls) $0.00 Homeowner's InsuranceChange Payment Information
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220 Armour Street | MLS# 4435199
This multi-family property located at 220 Armour Street, Davidson, NC 28036 is currently listed for sale with an asking price of call for price. Search Davidson real estate on lorib.lakenormanrealty.com today.