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.