1352 Briles Drive
Asheboro, NC 27205
0.76 acres | #1154444
Description
Price reduced due to finding issues in the crawl space. Please see attached documents and Agent Only Remarks.
Presenting a remarkable opportunity to acquire a fully-leased, 6- 1 Bedroom-unit apartment complex located just outside Asheboro city limits. Each one-bedroom unit includes a stove and refrigerator, providing basic amenities that meet the needs of individuals seeking affordable housing options. It's nestled in a serene neighborhood, offering residents a quiet and peaceful living environment, allowing it to maintain strong occupancy rates. Rates ranging from $550 to $695, delivering a stable & impressive net income of $3600 gross/month offering both consistent cash flow & potential for future appreciation. See attached documents for 2023 & 2024 P&L reports, Rent Roll and a list of improvements since December of 2020. Don't miss out on this excellent opportunity to expand your real estate holdings with a property that promises continued success and growth. Selling "AS-IS"
Property Details
- Property TypeMulti-Family
- Sewer InformationSeptic Tank
- Property SubtypeApartment
- CountyRandolph
- MLS #1154444
- MLS #1154444
- Utility SourcePublic
- Cost365000
- Acres0.76
- Year Built1981
- Taxes Annual$897
Location
Legal
Listings identified with the TRIADMLS IDX logo come from TRIADMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.
Last Updated: . Source: TRIADMLS
Listing Courtesy
Listing Agent: Tammy Fox (#GFOXTAMM)
Listing Office: Keller Williams Central (#GCHI01)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.