135 W CHURCH ST MOUNT AIRY, NC 27030

Features

• Price/sqft: $94
• Lot Size: 15682.00 sq. ft.
• Total Units: 5
• Total Rooms: 10
• Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
• Stories: 100
• Roof Type: Asphalt
• Heating: Baseboard Heating
• Construction Type: Wood

Facts

• Year Built: 01/01/1925
• Property ID: 877179660
• MLS Number: 4116499
• Parcel Number: 5020-16-73-7148
• Property Type: Townhouse or Condo
• County: SURRY
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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.