About 1516 Cypress Drive
A rare opportunity for all landlords! Seller financing available. This turnkey brick ranch home with an unfinished basement has quality tenant already placed. Tenant is Nursing Manager in a senior living community. Immediate rare to find cash flow for landlord investors and built-in equity from day one! Currently rented for $1,825/month. One year lease that expires on 6/30/2027, but tenants intend to stay long term. Located in a quiet, established neighborhood near Henderson Country Club, the home has benefited from numerous recent improvements. One-year Platinum Home Warranty is included. Property has numerous new items done: Electrical Panel by licensed electrician, Furnace by licensed HVAC company, Water Heater by licensed plumber, Refrigerator, Microwave, Washer, Dryer, Ceiling fans. Buy below market value, collect rent from day one, and add a well-improved property with built-in equity to your portfolio. Finish the basement yourself and further significantly enhance your return. Seller will provide a 1-year Old Republic Platinum Home Warranty, offering additional protection and peace of mind for the new owner. Schedule your showing today.
Features of 1516 Cypress Drive
| MLS® # | 10191143 |
|---|---|
| Price | $258,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 2,263 |
| Acres | 0.46 |
| Year Built | 1951 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 1516 Cypress Drive |
|---|---|
| Subdivision | Not in a Subdivision |
| City | Henderson |
| County | Vance |
| State | NC |
| Zip Code | 27536 |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | Electric |
|---|---|
| Cooling | Electric |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| Stories | One |
| Has Basement | Yes |
| Basement | Unfinished |
Exterior
| Exterior Features | Smart Lock(s) |
|---|---|
| Roof | Shingle |
| Construction | Brick Veneer |
| Foundation | Block |
School Information
| Elementary | Henderson - Atkinson Elementary |
|---|---|
| Middle | Henderson - Apple Valley Middle |
| High | Henderson - East Henderson High |
Additional Information
| Date Listed | September 6th, 2026 |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Southern Properties Group Inc. |
|---|