Locust · Locust, NC
1310 Main Street E
Locust, NC · 4,948 sqft
$935,000
Reduced from $995,000
- 7Beds
- 4.5Baths
- 4,948SqFt
- 1910Year
- IrrLot
- 69Days on market
About this home
Extraordinary investment opportunity on just under 4 acres (2 Lots!). Zoned commercial but Grandfathered in as residential. This property offers exceptional flexibility for Investors, Business Owners and Owner Occupants seeking a live / work or mixed use estate . Fully renovated offering a unique opportunity to own a luxury residence with substantial income producing potential. Situated on approximately 4 acres , this nearly 5000 sf property offers residential comfort , commercial zoning and proven rental revenue in one Exceptional offering . Currently configured to support work force / boarding accommodations the property generates $5000 PER MONTH in established rental income with the potential to produce an additional $2500 per month by leasing the owners living quarters bringing total possible income to $ 7500 + per month , 90k annually.
The home been completely and professionally remodeled, while preserving its original 1910 hardwood floors, blending historic character with modern luxury. Recent upgrades include new roof, 3 HVAC systems, updated plumbing and electrical all new fixtures and a high end kitchen featuring premium Wolf appliances . Exterior features include a massive wrap around porch gated iron fencing with keypad entry , private driveway, scenic pond with separate power meter and well for supplementation. Expansive open grounds providing privacy and usability. This turnkey property is ideal for corporate housing, contractor lodging, executive rental , small hospitality use or private estate living with passive income.
Property details
- Beds
- 7
- Baths
- 4.5
- SqFt
- 4,948
- Lot
- Irr
- Year built
- 1910
- Type
- Single Family
- Days on market
- 69
- Garage
- 1
- Style
- Traditional
- Heating
- Central, Electric, Heat Pump
- Cooling
- Central Air, Electric
- Foundation
- Crawl Space, Slab
- Flooring
- Carpet, Wood
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$6,881/ month
- Principal & interest
- $5,790
- Property tax (~1.05%)
- $818
- Homeowners insurance
- $272
- HOA dues
- —
Down payment
$46,750 down · $888,250 financed
Income to qualify (28% rule)
~$294,924 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.