135 W Church Street, Mount Airy, NC 27030
- $450,000
- Sold Price
- $450,000
- List Price
- $500,000
- Closing Date
- Aug 01, 2024
- MLS#
- 1134413
- Status
- CLOSED
- Type
- Multifamily
- Subtype
- Apartment
- Lot Size
- 15,681
Property Description
Rare multifamily investment opportunity! Fully occupied cash flowing 4 unit apartment building located in a prime location right off S Main St just two blocks from Downtown Mount Airy. Historic building with full brick exterior. Priced at a 9% cap rate based on current in place rents and expenses. Three units are long term leases and one unit is month to month. Recent renovations include new roofing, plumbing updates, bathroom updates, fresh paint and landscaping. Each unit features 2 beds, 1 bath and a den. Each unit is sub-metered for power and water/sewer. Tenants pay for all utilities except trash collection. Units have in-unit washer and dryer connections. Off street parking lot located in rear of property. Basement features full height ceilings. Financials available with proof of funds from prospective purchaser. Interior photos available upon request. Please do not disturb tenants.
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Additional Information
- Acres
- 0.36
- Appliances
- Electric Water Heater
- Built Information
- Existing
- Cooling Type
- Window Unit(s)
- Elementary School
- Tharrington/Jones
- Exterior Features
- Balcony
- Flooring
- Tile, Wood
- Heating
- Baseboard, Electric
- Heating Fuel
- Electric
- High School
- Mt Airy
- Land Description
- City Lot
- Lot Description
- City Lot
- Lot Size
- 15,681
- Middle School
- Mt Airy
- Parking
- Deck, Paved, On Street
- Sewer
- Public Sewer
- Show Street Address
- Yes
- Style
- Two Story
- Total Units
- 4
- Water
- Public
- Water Heater
- Electric
- Year Built
- 1925
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Listing courtesy of eXp Realty LLC. Contact:
Selling Office: Main St. Brokers Real Estate.