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801 Whitehead Ave NE - 10-Room Fully Rented Boarding House! 1,695 SF Specialty Building Offered at $627,284 CAD at a 10.43% Cap Rate in Wilson, NC 27893
Investment Highlights
- Investment Potential: High occupancy potential with flexible rental options
- Location: Near Barton College — ideal for student housing
- Shared Kitchen: Fully functional communal space
- Amenities: Close to shopping and everyday essentials
- Bathrooms: 3 full bathrooms for tenant convenience
- Rental Rooms: 10 individual units
Executive Summary
?? 10-Room Fully-Rented Boarding House for Sale – Wilson, NC 27893
Income-Producing 10-Room Property | $460,000 | FSBO
?? Investment Highlights
- Gross Income:
- Annual Net Operating Income
- Cap Rate: 10%
- Occupancy: Fully Rented 10-Room Boarding House
- Turnkey Setup – Utilities + Internet + Maintenance Already in Place
Income-Producing 10-Room Property | $460,000 | FSBO
?? Investment Highlights
- Gross Income:
- Annual Net Operating Income
- Cap Rate: 10%
- Occupancy: Fully Rented 10-Room Boarding House
- Turnkey Setup – Utilities + Internet + Maintenance Already in Place
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $627,284 CAD | Building Class | C |
| Price Per SF | $250.01 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 2,509 SF |
| Cap Rate | 10.43% | No. Stories | 2 |
| Property Type | Specialty | Year Built/Renovated | 1950/1999 |
| Property Subtype | Sorority/Fraternity House | Opportunity Zone |
Yes
|
| Zoning | GR6 - Commercial | ||
| Price | $627,284 CAD |
| Price Per SF | $250.01 CAD |
| Sale Type | Investment |
| Cap Rate | 10.43% |
| Property Type | Specialty |
| Property Subtype | Sorority/Fraternity House |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,509 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1950/1999 |
| Opportunity Zone |
Yes |
| Zoning | GR6 - Commercial |
1 1
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 3722-34-9578.000 | Total Assessment | $156,631 CAD (2025) |
| Land Assessment | $47,728 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $108,903 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
3722-34-9578.000
Land Assessment
$47,728 CAD (2025)
Improvements Assessment
$108,903 CAD (2025)
Total Assessment
$156,631 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Photos
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Presented by
Karen Wigington
801 Whitehead Ave NE - 10-Room Fully Rented Boarding House!
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