403 Gilmer Street Extension, Reidsville, NC 27320
- $595,000
- List Price
- $595,000
- MLS#
- 1220578
- Status
- DUE DILIGENCE PERIOD
- Type
- Multifamily
- Subtype
- Apartment
- Lot Size
- 19,166
Property Description
Excellent opportunity featuring an 8-unit complex conveniently located near downtown shopping, dining, & local amenities. Each spacious unit features 2 bedrooms, 1 full bath, a kitchen with breakfast area, separate dining room, and a generously sized living room. All units include a refrigerator & free-standing range/oven, & each apartment has its own individual heat pump. Some units have been updated with durable LVP flooring, while others still maintain carpeted areas, offering future value-add potential. Designated parking spaces along with additional street parking for tenants and guests. The property has a strong rental history with most tenants being long-term. Current rental rates range $625 to $950 per month, presenting an excellent opportunity for increased cash flow with future rent adjustments. Whether you are looking to expand your portfolio or purchase your first multifamily investment, this property offers stability, convenience, and upside potential.
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Additional Information
- Acres
- 0.44
- Appliances
- Electric Water Heater
- Built Information
- Existing
- Cooling Type
- Central Air, Heat Pump
- Energy
- Insulated Windows
- Environmental Hazards
- No
- Furnished Units
- 8
- Heating
- Heat Pump, Electric
- Heating Fuel
- Electric
- Land Description
- City Lot, Cleared
- Lot Description
- City Lot, Cleared
- Lot Size
- 19,166
- Parking
- Assigned, Gravel, Paved
- Parking Spaces
- 12
- Sewer
- Public Sewer
- Show Street Address
- Yes
- Total Units
- 8
- Water
- Public
- Water Heater
- Electric
- Year Built
- 1940
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Listing courtesy of Realty One Group Results Greensboro. Contact: