Gail Huss
Broker, REALTOR
REALTOR®, ABR, e-PRO
BEDS7
BATHS3 full
SQUARE FEET2,792
MLS#4407726
STATUSActive
PROPERTY TYPEResidential - Single Family
Property Description
Exceptional Investment Opportunity Near Wingate University! Located just steps from the campus, this well-maintained property offers an outstanding opportunity for investors seeking immediate and future income potential. Currently configured and operated as student housing, the home features over 2,500 square feet with seven private bedrooms, including one bedroom with a private en-suite bath, a spacious shared kitchen, central community laundry room, welcoming foyer, and two additional shared full bathrooms.Situated on approximately 0.95 acres, the property also offers a large private parking lot for residents and a detached garage used exclusively for owner storage.Since purchasing the property in 2019, the current owners have completed numerous major capital improvements, including a new roof, plumbing upgrades, all new windows, new HVAC equipment, and a fully functional, code-compliant commercial fire sprinkler system.The property is currently approved for commercial use (buyers should verify current zoning and permitted uses with the Town of Wingate, as zoning confirmation is pending). Only one bedroom is currently occupied, as ownership has elected to stop leasing additional rooms in preparation for the sale. This provides the new owner with the opportunity to establish their own leasing strategy, tenant selection, and rental rates while filling the remaining vacancies at their own pace.With its established history as student housing, ample on-site parking, significant recent improvements, and prime location just minutes from Wingate University, this is a rare opportunity to acquire a unique investment property with substantial upside potential.
Property Features
Property Type: Residential - Single Family
Heating: Heat Pump, Natural Gas
Lot Size: 0.95 Acres
Year Built: 1914
Feature Descriptions
Appliances: None
Exterior: Hardboard Siding
Fireplace: Non-Functional
Foundation: Crawl Space
Laundry: Common Area, Utility Room
Lot: Corner Lot
Other Parking: Private Parking Lot with space for approximately 13 Vehicles
Other Structures: Outbuilding
Parcel#: 09-022-096
Parking: Parking Lot, Parking Space(s)
Patio/Porch: Wrap Around
Security: Carbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s)
Sewer: Public Sewer
Utilities: Cable Connected, Electricity Connected, Natural Gas
Water: City
Local Schools
High School: Unspecified
Middle School: Unspecified
Elementary School: Unspecified
Listed By / Shown By
Listed By
Agency Name: Blue Collar Realty LLC
Agency Contact: ecstorey@gmail.com
Shown By
Agent Name: Gail Huss
Agent Phone: (704) 473-6819 Cell
Agency Title: Lake Norman Realty
Estimate Your Payment
Estimated Payment
$ 2,633.01 per month $2,496.21 Principal & Interest $0.00 Property Tax (data not provided by mls) $136.79 Homeowner's InsuranceChange Payment Information
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108 S Main Street | MLS# 4407726
This single family home located at 108 S Main Street , Wingate, NC 28174 is currently listed for sale with an asking price of $469,000. This property was built in 1914 and has 7 bedrooms and 3 full baths with 2792 sq. ft. Search Wingate real estate on gailh.lakenormanrealty.com today.