1352 Briles DR Active Save Request In-Person Tour Request Virtual Tour
Asheboro,NC 27205
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1154444
HOA Y/N No
Originating Board Triad MLS
Year Built 1981
Lot Size 0.760 Acres
Acres 0.76
Property 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"
Location
State NC
County Randolph
Interior
Heating Heat Pump,Electric
Cooling Central Air
Flooring Carpet,Vinyl,Wood
Appliance Electric Water Heater
Exterior
Parking Features None
Pool None
Building
Sewer Septic Tank
Water Public
New Construction No
Others
Special Listing Condition Owner Sale