1007 S Main St - Apartments FOR SALE


Mount Airy, NC 27030
$1,475,000 USD
704-707-6268
1007 S Main St, Mount Airy, NC for Sale
$1,475,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

1007 S Main St
Mount Airy, NC 27030


OVERVIEW

Strong investment opportunity with significant recent capital improvements already completed! This well-maintained 13-unit apartment building features an attractive unit mix of seven 2-bedroom units, two 1-bedroom units, and four studio apartments, offering broad tenant appeal and strong rental potential. Current ownership has invested approximately $325,000 in upgrades and improvements, including updated kitchen cabinets, bathroom renovations, and windows. Newer metal roof, and a newly created parking lot. With major improvements already in place, and conveniently located, this turnkey property is ideal for investors seeking strong rental potential and minimal deferred maintenance. Whether you’re a seasoned investor looking to expand your portfolio or a first-time buyer entering the multifamily market, this move-in-ready building checks every box.

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$173 USD /SF

# OF UNITS

13

PRICE/UNIT

$113,462

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

13-unit Apartment Building

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1936

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,026 SF

ZONING

-

APN/PARCEL ID

5020-16-92-5721

ASK ABOUT THIS PROPERTY

Jamie PurvisRE/MAX ExecutiveMore Info
704-707-6268

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Jamie PurvisRE/MAX ExecutiveMore Info
704-707-6268

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