$365,000
For Sale

1352 Briles Drive

Asheboro, NC 27205
Browse 48 photos
Type:Multi-Family
Structure:Unit
Zone:Residential

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

Sandman Realty powered by Keller Williams Realty EliteReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
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monthly

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.

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