8 Beds

4 Full baths

5,300 SqFt

Active

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.

Property Details
Price $500,000
Bedrooms 8
Full Baths 4
Half Baths 0
Lot Size Area 0.36
Lot Size Area Units Acres
Property Type MultiFamily
Sub type Apartment
MLS Sub type Apartment
Stories 2
Year Built 1925
Heating Baseboard, Electric
Foundation Basement
Laundry Features Electric Dryer Hookup, In Unit, Washer Hookup
Parking Description Parking Lot
Geographic Data
County Surry
Latitude 36.495881
Longitude -80.606186
Address Information
Address 135 W Church Street, Mount Airy, NC 27030
Postal Code 27030
City Mount Airy
State NC
Country United States
Listing Information
Listing Office EXP Realty LLC Ballantyne
Listing Office Phone 888-440-2798
Listing Agent Andrew Balogh
Listing Agent Phone 336-428-0230
Sub Agency Compensation Type %
Buyer Agency Compensation 2
Attribution Contact 336-428-0230
Sub Agency Compensation 0
Buyer Agency Compensation Type %
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions None
Terms Cash, Conventional, Exchange, FHA, Nonconforming Loan
School Information
Elementary School Unspecified
Middle School Unspecified
High School Unspecified
MLS Information
Days on market 40
MLS Status Active
Listing Date Mar 7, 2024
Listing Last Modified Apr 24, 2024
Tax ID 5020-16-73-7148
MLS # CAR4116499

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This information is believed to be accurate, but without any warranty.