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1352 Briles Drive

Asheboro, NC 27205
  • $395,000
  • STATUS: Active
  • ON SITE: 90 Days
  • MLS #: 1154444
$395,000
  • 0
    BEDS
  • 0.76
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1981
County:
Area:

School Ratings & Info

Description

Presenting a remarkable opportunity to acquire a fully-leased, 6- 1 Bedroom-unit apartment complex located just outside the 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. The complex is nestled in a serene neighborhood, offering residents a quiet and peaceful living environment, allowing it to maintain strong occupancy rates. Rental rates ranging from $550 to $695, delivering a stable and impressive net income. This property is an ideal addition to any investment portfolio, offering both consistent cash flow and 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.

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Listing information © 2024 Triad MLS, Inc. of North Carolina. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) Program of the Triad MLS, Inc. of High Point, NC. Real estate listings held by brokerage firms other than Reel Realty are marked with the Internet Data Exchange logo or the Internet Data Exchange (IDX) thumbnail logo (the TRIAD MLS logo) and detailed information about them includes the name of the listing brokers.IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Data last updated 2024-12-01T23:30:27.48.
www.reelrealtync.com/homes/154552164
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1352 Briles Drive Asheboro, NC 27205

  • Price: $395,000
  • Status: Active
  • On Site: 90 Days
  • MLS #: 1154444
0
Beds
0
Baths
0
½ Baths
0.76
Acres
1981
Built
County:
Randolph
Area:
Randolph
Property Description
Presenting a remarkable opportunity to acquire a fully-leased, 6- 1 Bedroom-unit apartment complex located just outside the 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. The complex is nestled in a serene neighborhood, offering residents a quiet and peaceful living environment, allowing it to maintain strong occupancy rates. Rental rates ranging from $550 to $695, delivering a stable and impressive net income. This property is an ideal addition to any investment portfolio, offering both consistent cash flow and 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.
Exterior Features

Construction Materials Vinyl Siding Garage Description None Parking Features GravelNo Garage Pool Features None Pool YN No

Interior Features

Appliances Electric Water Heater Basement YN No Cooling Central Air Flooring CarpetVinylWood Heating Heat PumpElectric Units Furnished None Water Heater Electric

Property Features

Association YN No Environmental Hazards No Heating Fuel Electric Listing Terms CashConventional Num Unfurnished Units 6 Property Sub Type Apartment Sewer Septic Tank Special Listing Conditions Owner Sale Tax Annual Amount 897.95 Water Source Public

Listing information © 2024 Triad MLS, Inc. All rights reserved. Listing provided courtesy of Keller Williams Central: . Information deemed reliable but not guaranteed.


Listing information © 2024 Triad MLS, Inc. of North Carolina. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) Program of the Triad MLS, Inc. of High Point, NC. Real estate listings held by brokerage firms other than Reel Realty are marked with the Internet Data Exchange logo or the Internet Data Exchange (IDX) thumbnail logo (the TRIAD MLS logo) and detailed information about them includes the name of the listing brokers.IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Data last updated 2024-12-01T23:30:27.48.
 
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Reel Realty
118 S Cherry St
Kernersville NC, 27284