1615 Preston St, Burlington, NC 27217

This compact 1956 bungalow has been thoroughly reworked for modern living while retaining its single-story ease. Step inside to refinished hardwood floors and crisp, fresh paint that create a clean, cohesive palette across the living areas. The kitchen and bathroom were fully renovated with tile finishes and granite countertops—materials chosen for durability and curb appeal—and the home benefits from new plumbing and updated electrical throughout.

From a systems perspective this property has been rebuilt: new HVAC, new hot water heater, replaced siding and a recently installed roof. Those upgrades substantially reduce near-term maintenance needs and elevate the value of this 867 SF home on a level 0.13-acre lot. Practical additions—an extra front gravel parking pad, a driveway, and a rear 1-car carport—make this rare for a centrally located bungalow and ideal for owners who need off-street parking.

The floor plan is straightforward and efficient: two bedrooms, a full bath, and an easy living room-to-kitchen arrangement that suits first-time buyers, downsizers, and investors seeking a turnkey rental. Recent work on mechanicals and structure supports solid rental demand—current rent estimates in the area are about $1,200–$1,400/month, yielding roughly a 7.6% gross return at market rents—while comparable recent sales within a half-mile support a market value near $195K–$215K ($236/SF midpoint $205K).

Morgan Park’s residential streets feel established yet accessible. Downtown Burlington is only about 1.5 miles away for restaurants, services and events, while Alamance Crossing shopping and Burlington City Park lie within a short drive. The home’s single-story layout, updated finishes, and location make it an attractive move-in-ready choice. Prospective buyers should verify renovation permitting and note the existing roof material is asbestos shingle, which may have special replacement or maintenance considerations. Schedule a tour to evaluate the workmanship and see how this renovated bungalow fits your plans—whether as a primary residence, rental, or entry-level investment.

Morgan Park is an established Burlington neighborhood of modest bungalow homes and tree-lined streets. Residents enjoy quick access to downtown Burlington’s restaurants and events, nearby shopping at Alamance Crossing, and recreational time at Burlington City Park. The area appeals to first-time buyers, downsizers and investors drawn to lower-maintenance single-story homes and short commutes within the Burlington MSA. Community character is relaxed and practical, with a mix of long-time homeowners and newer renovators refreshing older stock.