703 Davidson St - Apartments FOR SALE


Thomasville, NC 27360
$650,000 USD
336-423-8292
703 Davidson St, Thomasville, NC for Sale
$650,000 USD
Apartments - FOR SALE
1/7
null | 4.99% Cap Rate

703 Davidson St
Thomasville, NC 27360


HIGHLIGHTS

  • Full brick exterior with vinyl windows and asphalt shingle roofing for low maintenance.
  • Seven spacious two-bedroom, one-bathroom units, each with central HVAC and washer/dryer connections.
  • Individually metered utilities for all units, reducing owner expenses.
  • Interiors feature classic wooden cabinetry, Formica countertops, and large windows for natural light.
  • Convenient location with access to major highways and proximity to Winston-Salem, Greensboro, and High Point.
  • Well-maintained property with attractive landscaping and asphalt parking lot in very good condition.

OVERVIEW

This 7-unit apartment complex at 703 Davidson Street in Thomasville, NC presents a rare opportunity for investors seeking stabilized income with strong upside potential. Built in 2002 and professionally managed for over two decades, the property features full brick construction, vinyl windows, and asphalt shingle roofing for long-term durability and minimal capital expenditures. Each unit is individually metered for utilities, reducing owner-paid expenses and simplifying management. The property consists of seven spacious two-bedroom, one-bathroom units, each approximately 875 square feet, with central HVAC, washer/dryer connections, and a quiet residential setting. Interiors include classic wooden cabinetry, Formica countertops, and large windows for natural light. Bathrooms feature fiberglass shower/tub inserts for modern efficiency. Located in the heart of the North Carolina Triad, the property offers convenient access to major highways and is within commuting distance to Winston-Salem, Greensboro, and High Point. With proforma rents at $900 per unit and an asking price of $650,000, this asset is positioned for immediate income growth and long-term value appreciation.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$129 USD /SF

# OF UNITS

7

PRICE/UNIT

$92,857

CAP RATE

4.99%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

22,958 SF

ZONING

R6

APN/PARCEL ID

16-031-0-00B-0003-A-0-0

ASK ABOUT THIS PROPERTY

R. Tim LichtensteinNAI Piedmont TriadMore Info
336-423-8292

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R. Tim LichtensteinNAI Piedmont TriadMore Info
336-423-8292

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