For Sale $400,000
Wow! Great Opportunity for a Rental Income Property with 6 Bedrooms Near Wingate University! Currently bringing in $3600 per month!! Nestled on a large lot in the heart of Wingate, this beautiful 1920s farmhouse with huge rocking chair front porch features original painted wood ceilings on the main level and has tons of updates! Hardwood floors on most of the main floor & stairs, newer laminate wood flooring upstairs, updated bathrooms, water heater replaced in 2023 and roof in 2020 (previous owner). The main level features 2 spacious bedrooms, living room with fireplace, huge dining room, galley style kitchen with white cabinets & updated stainless steel appliances and large laundry area/mudroom. Upstairs you'll find 4 bedrooms plus an office/flex space! Prime location within walking distance to the University, local restaurants & community park! Just minutes away from the Monroe Expressway for an easy commute to Charlotte! Currently rented to 6 college students who rent by the room!
Built-in Features
| List Price: | $400,000 |
| Status: | For Sale |
| Bedrooms: | 6 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 1535 sqft |
| Parking: | Attached Carport, Driveway |
| MLS Number: | CAR4227263 |
| Subdivision: | None |
| Style: | Farmhouse |
| Bathrooms: | 2 |
| Year Built: | 1920 |
| Sewer Type: | Public Sewer |
| Elementary: | Wingate |
| Middle: | East Union |
| High: | Forest Hills |
| Date | Event | Price | $/SQFT |
| 06-30-2025 | Under Contract | $400,000 | $261 |
| 05-08-2025 | Listed | $400,000 | $261 |
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Union Academy Charter School | 7 miles | KG-06 | 9 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 214 Elm Street, Wingate NC | 0 mi | $400,000 | days | |
| 410 Elm Street, Wingate NC | 0.2 mi | $449,500 | days | |
| 218 Main Street, Wingate NC | 0.5 mi | $110,000 | days | |
| 1035 Bull Dog Lane, Wingate NC | 0.6 mi | $384,900 | days | |
| 1051 Bull Dog Lane, Wingate NC | 0.6 mi | $394,900 | days | |
| 1058 Bull Dog Lane, Wingate NC | 0.6 mi | $359,990 | days |
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
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| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
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Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
A Courtesy Listing Provided By RE/MAX Executive
214 Elm Street, Wingate NC is a 1535 ft2 on a 0.340 acres Appraisal lot. This is for $400,000. This has 6 bedrooms, 2 baths, and was built in 1920.
Based on information submitted to the MLS GRID as of 2025-05-08 09:31:40 EST. All data is
obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the office/agent
presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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