427 S Main St - Apartments FOR SALE
Asheboro, NC 27203 |
$1,895,000 USD
919-610-2695
427 S Main St
Asheboro, NC 27203
HIGHLIGHTS
- CONVENTIONAL 20-UNIT MULTIFAMILY in the heart of Asheboro, North Carolina
- EXCELLENT VALUE-ADD OPPORTUNITY with over 25% upside potential on rents
- MAJOR CAPITAL IMPROVEMENTS include newer roofs and exterior staircases on all buildings
- SOME RECENT UNIT UPDATES completed, ready for new owner to maximize rents by upgrading all units
- WALK TO DOWNTOWN ASHEBORO with easy access to Greensboro/Winston-Salem/High Point and several major arteries
FOR SALE DETAILS
PRICE
$1,895,000 USD
PRICE/SF
$122 USD /SF
# OF UNITS
20
PRICE/UNIT
$94,750
CAP RATE
Request Cap Rate
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Colonial South
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1979
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.98 AC
LAND SF
42,689 SF
ZONING
-
APN/PARCEL ID
7751-90-3933
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919-610-2695
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919-610-2695
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