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Terri Bias

Operator/Brokerage Owner | Terri Bias and Associates | PLACE

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115 Allen Ave , Franklinton, NC 27525
$250,000
Est. Payment: $1,280.62/mo
3 Bed
2 Bath
1400 Sqft
Status: active | Days on site: 10
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Terri Bias, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Terri Bias
Operator/Brokerage Owner
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House Description

INVESTOR OPPORTUNITY IN GROWING FRANKLINTON! Welcome to 115 Allen Ave, a 3-bedroom, 1.5-bath brick ranch with excellent potential in a transitioning area of Franklinton. This property has been utilized as a rental for the past seven years and offers an exciting opportunity for an investor looking to add value in an area experiencing new construction and growth. The property sits on two parcels, creating a larger-than-typical lot with the potential for future subdivision, offering the possibility to build two homes as the area continues to develop. With rents in the area reaching as high as $1,750, this property could also make an attractive addition to an investor's rental portfolio. The home is currently occupied and is being sold AS IS. Photos reflect the property prior to the current tenant moving in. The tenant is expected to vacate by the end of August, which will allow for easier access and showings. Until then, all showings are by appointment only. Please do not disturb the current tenant. The home is currently equipped with a ramp and grab bars to accommodate mobility needs, adding flexibility for a variety of future uses. Whether you're looking for your next rental, a value-add opportunity, or land with potential for future redevelopment, 115 Allen Ave is worth a look. With new construction taking shape nearby and Franklinton continuing to grow, now may be the time to get in while prices are still low.
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Highlights

Listed by Vance Josey , The Acorn Agency, LLC , 919-867-4787. Triangle MLS, Inc. of North Carolina mls logo

Property Type

Residential
Lot/Acreage
0.52

Year Built

1978

County

Franklin

 Neighborhood

Not in a Subdivision

Listing ID

10186529

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:1
  • ▪ 1/2 Bathrooms:1
Appliances:Dishwasher, Electric Range, Electric Water Heater, Refrigerator
Air Cond:Central Air,Electric
Fireplaces:Wood Burning
Floor:Carpet,Tile,Vinyl
Above Ground Sq Ft:1400
Below Ground Sq Ft:0
Water:Public

Exterior Features

Lot:Back Yard,Front Yard,Subdivided,Wooded
Lot Dimensions:150 x 147
Roof:Shingle
Others:
  • ▪ Additional:Covered, Porch
Sewer:Public Sewer
Parking Features:Detached
Principal Interest
$1,281
Taxes
$251

Home Price

$250,000

Loan Details

30 yrs
6.625%

Down Payment

20%
$50,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$1,280.62

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,280.62 $251.33 $0.00 $1,531.96
Yearly $15,367.46 $3,016.00 $0.00 $18,383.46
Total $461,023.89 $90,480.00 $0.00 $551,503.89

Today's Rates

30 Year

6.63%

20 Year

6.38%

15 Year

6%

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Market insight data is pulled from the same city as the listing being viewed (Franklinton, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information Not Guaranteed.
Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.
©2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated: 2026-08-24T13:40:36.000Z

© 2026 Triangle MLS, Inc. of North Carolina

MLS Logo - Triangle MLS, Inc. of North Carolina