1954 Lakeview Road Asheboro, NC $ 825,000
1954 Lakeview Road
$ 825,000
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1954 Lakeview Road

Asheboro, NC, 27203
$ 825,000
Baths0.0

Monthly Estimate*

$ 5,080

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Studio

Multi-Family Home for sale in Asheboro, NC

for $825,000. This home was built in 1979 on a lot size of 0.48.

Expand your portfolio w/ this stabilized, income-producing asset at 1954 Lakeview Rd. This impressive 10-unit complex is fully occupied & consists of uniform 1-bedroom, 1-bathroom units, providing a streamlined management experience & consistent demand. Property currently generates monthly rental income of $7,739, resulting in substantial gross annual income of $92,868. W/ 100% occupancy & a mix of established & new leases, property offers immediate, reliable cash flow from day one. The standardized layouts allow efficient turnovers and simplified maintenance, ideal for investor seeking a turnkey multi-family addition. Financial details, including a full Profit & Loss statement & current lease ledger, are available in the attached documents for your review. To ensure a professional transaction & respect privacy, proof of funds or mortgage pre-approval is required prior to scheduling any walkthroughs. Don't miss out on this high-performing residential complex!

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Multi-Family Active

Price

$ 825,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,393

Style

Apartment

Lot Size

0.48

Year Built

1979

Town/City

Asheboro

County/Region

Randolph

MLS | Web ID

1215392

Features
General
Sewer Public Sewer
Heating Baseboard Electric
Cooling Window Unit(s)
Appliances Electric Water Heater
Zoning RA6
Pool Features None
Year Built 1979
Property Subtype Apartment
County Randolph
Property Type Residential Income
HOA No
Status Active
Directions N. Fayetteville St right onto Central Falls left onto Lakeview Rd. Apartment building on the right.
City Asheboro
Tax Annual Amount 2393
Standard Status Active
Pool Y/N No
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Exterior
Parking Features Paved
Water Source Public
Lot Size Acres 0.48
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Interior
Heating Fuel Electric
Water Heater Electric
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Internal Only
Street Number 1 1954
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* Excluded Features
List By
Hannah Hunt

Listing Agent

Howard Hanna Allen Tate-Asheboro

Broker

hannah.hunt@allentate.com

Email

Affordability Calculator

$5,279
Per Month
96%
4%
0%
Monthly Principal & Interest
$5,080
Monthly Property Taxes
$199
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
584379 Elementary School
584626 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/9/2026$825,000 Listed Price

Map


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1954 Lakeview Road, Asheboro, NC, 27203 is a Multi-Family Home for sale at $825,000 with a lot size of 0.48. 1954 Lakeview Road is a studio with 0.0 baths and was built in 1979. The property's zip code is 27203 which is in Asheboro, NC