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In-PersonVirtual Tour
$ 600,000
Est. payment | /mo
2.57 Acres Lot
$ 600,000
Est. payment | /mo
2.57 Acres Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1236399
HOA Y/N No
Year Built 1937
Lot Size 2.570 Acres
Acres 2.57
Property Sub-Type Apartment
Source Triad MLS
Property Description
Situated on approximately 2.57 acres in Thomasville, this property features an existing 14-unit apartment building constructed in 1937, offering a mix of 2BR/2BA, 2BR/1BA, and 1BR/1BA units. The existing building is completely vacant and requires renovation, providing an opportunity for investors to rehabilitate and reposition the property with a new leasing strategy. This property also comes with significant expansion potential, as it has the potential to add 25 additional units, bringing the total to 39 units, subject to applicable development approvals and permitting. Property survey, building measurements, and unit information are available for review. Offered as-is, this property is suited for multifamily investors, renovation specialists, and developers seeking an acquisition with additional development potential.
Location
State NC
County Davidson
Interior
Heating Heat Pump, Electric
Cooling Heat Pump
Appliance Electric Water Heater
Exterior
Pool None
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Special Listing Condition Owner Sale
Listed by Rebecca Nelson • Homecoming Properties LLC
Nearby Locations
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