10 W 6th Ave - Multi-Family FOR SALE


Lexington, NC 27292- Davidson
$1,550,000 USD
336-450-4671
10 W 6th Ave, Lexington, NC for Sale
$1,550,000 USD
Multi-Family - FOR SALE
1/9
null | Request Cap Rate

10 W 6th Ave
Lexington, NC 27292
Davidson


HIGHLIGHTS

  • Well-Maintained Asset with Value-Add Potential: Opportunity to implement final upgrades and increase rents.
  • Desirable Unit Mix: The property consists of four one-bedroom units and eight two-bedroom units.
  • Attractive Pricing Compared to Similar Markets
  • Strategic Location with Strong Tenant Demand
  • Supportive Market Fundamentals

OVERVIEW

Marcus & Millichap is pleased to present The Bellamy Apartments in Lexington, North Carolina. Situated on 6th Avenue just off Main Street, the property enjoys a prime location within walking distance of the revitalizing Uptown area, home to an array of shops, restaurants, and bars. This multifamily investment opportunity is well-suited for both seasoned and first-time investors seeking reliable income and long-term appreciation. Lexington is a city known for its small-town charm, growing economy, and proximity to major urban centers. The local rental market benefits from consistent demand, supported by the area's affordability and access to Winston-Salem, Greensboro, and High Point. Additionally, Lexington is undergoing a strategic revitalization of its historic properties, encouraging mixed-use developments that combine upper-story residential and office space with street-level retail and dining. Investors also have the opportunity to implement final “last-mile” unit upgrades to drive rental premiums and further enhance asset value. With ongoing community development efforts and North Carolina's broader economic growth, The Bellamy Apartments are well-positioned to deliver strong returns and long-term value appreciation.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$201 USD /SF

# OF UNITS

12

PRICE/UNIT

$129,167

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Bellamy

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

B

APN/PARCEL ID

11-113-0-00E-0004-0-0-0

ASK ABOUT THIS PROPERTY

James DavisMarcus & MillichapMore Info
336-450-4671

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James DavisMarcus & MillichapMore Info
336-450-4671

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.