$450,000
$500,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
5,300 SqFt
SOLD DATE : 08/01/2024
Key Details
Sold Price $450,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 5,300 sqft
Price per Sqft $84
MLS Listing ID 4116499
Sold Date 08/01/24
Bedrooms 8
Full Baths 4
Abv Grd Liv Area 5,300
Year Built 1925
Lot Size 0.360 Acres
Acres 0.36
Property Sub-Type Apartment
Property Description
Rare multifamily investment opportunity! Fully occupied cash flowing 4 unit apartment building located in a prime location right off S Main St just two blocks from Downtown Mount Airy. Historic building with full brick exterior. Priced at a 9% cap rate based on current in place rents and expenses. Three units are long term leases and one unit is month to month. Recent renovations include new roofing, plumbing updates, bathroom updates, fresh paint and landscaping. Each unit features 2 beds, 1 bath and a den. Each unit is sub-metered for power and water/sewer. Tenants pay for all utilities except trash collection. Units have in-unit washer and dryer connections. Off street parking lot located in rear of property. Basement features full height ceilings. Financials available with proof of funds from prospective purchaser. Interior photos available upon request. Please do not disturb tenants.
Location
State NC
County Surry
Zoning R6
Rooms
Basement Daylight, Exterior Entry, Full, Unfinished
Interior
Heating Baseboard, Electric
Cooling Window Unit(s)
Appliance Electric Range, Electric Water Heater, Refrigerator
Laundry Electric Dryer Hookup, In Unit, Washer Hookup
Exterior
Street Surface Concrete,Paved
Garage false
Building
Foundation Basement
Sewer Public Sewer
Water City
Structure Type Brick Full
New Construction false
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Pets Allowed Conditional
Senior Community false
Acceptable Financing Cash, Conventional, Exchange, FHA, Nonconforming Loan
Listing Terms Cash, Conventional, Exchange, FHA, Nonconforming Loan
Special Listing Condition None
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Bought with Rick Donathan • Main St Brokers Real Estate
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