Description
Investment Opportunity - 16 Apartment Units Across 2 Separate Buildings 1 bed 1 bath units. Exceptional opportunity to add to your investment portfolio with 16 individual apartment units located across 2 separate buildings. Each unit is individually metered for electricity, allowing tenants to pay their own electric expenses and helping reduce owner operating costs. Water is currently owner-paid. Tax value reflects all buildings together. Square footage is for both buildings. Tax value is for the 2 buildings together. Insurance is for both buildings combined for 1 year. This multi-building property offers strong income potential, operational flexibility, and the advantage of diversified unit placement across separate structures. Ideal for investors seeking a value-add opportunity, long-term hold, or income-producing asset. Don't miss this chance to own a multi-unit asset with strong investment appeal and future upside potential.
Details
| MLS # | 1222036 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1980 |
| Days On Site | 139 |
| Listing Provided By | RE/MAX Executive | Angela Hoke |
Features
| Units | 16 |
|---|---|
| Zoning | RA6 |
Interior
| Cooling | Window Unit(s) |
|---|---|
| Heating | Baseboard, Electric |
| Appliances | Electric Water Heater |
| Laundry Features | None |
| Flooring | Vinyl |
Exterior
| Construction Materials | Brick, Wood Siding |
|---|
Parking
| Parking Features | Paved |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Taxes
| Tax Annual Amount | 3401 |
|---|
Area Information
| State | NC |
|---|---|
| County | Randolph |
| City | Asheboro |
| Zip Code | 27203 |
| Area | Randolph |
| Listing VS Median (in 27203) | |
Price: $1,520,000 low | high Med: $275,000 On site: 139 low | high Med: 101 | |
Market Activity 27203
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Learn More About This Property
| State | NC |
|---|---|
| County | Randolph |
| City | Asheboro |
| Zip Code | 27203 |
| Area | Randolph |
| Listing VS Median (in 27203) | |
Price: $1,520,000 low | high Med: $275,000 On site: 139 low | high Med: 101 | |