902 Culbreth Ave - Apartments FOR SALE


Thomasville, NC 27360
$575,000 USD
336-423-8292
902 Culbreth Ave, Thomasville, NC for Sale
$575,000 USD
Apartments - FOR SALE
1/4
null | 5.38% Cap Rate

902 Culbreth Ave
Thomasville, NC 27360


HIGHLIGHTS

  • Full brick construction with metal roof and vinyl windows for long-term durability.
  • Six units with individual utility metering, reducing owner expenses.
  • Each unit includes central HVAC and washer/dryer connections for tenant convenience.
  • Located on 0.43 acres with asphalt parking and well-maintained landscaping.
  • Positioned near major Triad cities with easy access to highway corridors.
  • Opportunity for income growth through rent adjustments and light improvements.

OVERVIEW

This 6-unit apartment complex at 902 Culbreth Avenue in Thomasville, NC presents a compelling investment opportunity in the heart of the North Carolina Triad. The property consists of five 2-bedroom/1-bath units and one 3-bedroom/1.5-bath unit, totaling nearly 6,000 square feet. Each unit is individually metered for utilities and features central HVAC, washer/dryer connections, and modern finishes, ensuring operational efficiency and tenant appeal. Constructed in 2004 with a full brick exterior, metal roof, and vinyl windows, the property offers durability and minimal long-term capital expenditures. The site spans 0.43 acres and includes an asphalt parking lot and attractive landscaping. With pro forma rents of $900 for 2-bedroom units and $1,050 for the 3-bedroom unit, the property is positioned for immediate income growth and value-add potential through modest updates. Located within easy reach of Winston-Salem, Greensboro, and High Point, the property benefits from strong regional connectivity and access to major highways. This stabilized, low-maintenance asset offers investors a rare combination of current income and upside potential in a growing market.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$98 USD /SF

# OF UNITS

6

PRICE/UNIT

$95,833

CAP RATE

5.38%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

R6

APN/PARCEL ID

16-060-0-00A-0067-0-0-0

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.