$500,000

135 W Church Street

Mount Airy, NC 27030 Residential Multi Unit
MLS#: 4116499 8 beds, bath(s)
Status: Active

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Details

Type
Apartments 
Status
Active 
Lot Size
0.3600 
Subdivision
 
Elementary School
Unspecified 
Middle School
Unspecified 
High School
Unspecified 
Buyer Agency Compensation¹
2 %
Sub Agency Compensation¹
0 %
Appliances
Electric Range, Electric Water Heater, Refrigerator 
Cooling
Window Unit(s) 
Heating
Baseboard, Electric 
Exterior
Brick Full 
Water
City Water 
Year Built
1925 
Driveway
Concrete 
Laundry Location
Electric Dryer Hookup, In Unit, Washer Hookup 
Parking
Parking Lot 
Lot Description
 
¹ = The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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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.

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