Presented for sale is this very nice updated 3500 sqft brick home or potential three unit rental property (3 br unit, 2 br unit, 1 br studio apartment) in the heart of the Town of Wallace NC! Home is move in ready, but needs some finishing touches which is reflected in recent price reduction. This perfect combination of classic charm and preserved character with plenty of modern updates is sure to impress! This home features over 3500 SqFt of living space including a mother-in-law suite/apartment with a private entrance and enclosed brick patio. This home is perfect for multigenerational living or it could be a phenomenal investment opportunity with huge rental income potential, giving buyers unlimited flexibility and options. Recent updates include a stunning new kitchen with white shaker cabinets, granite countertops and stainless steel appliances, beautiful bathrooms with tiled showers/floors and high-end vanities, low maintenance LVP flooring throughout the home, and an encapsulated crawl space with dehumidifier. The location is unmatched just blocks away from shopping, groceries, public services (Police/Fire Department) and restaurants and a couple of miles from I-40. If you are commuting to Wilmington or Clinton this home is only a quick 30 minute drive from both cities. The property is located in Zone X with no history of flooding. Owner finance options available! Home Recently appraised well over current asking price. This home is truly unique and offers tremendous value and possibilities to buyers. Call today to set up your private tour!