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$ 900,000
Est. payment | /mo
0.94 Acres Lot
$ 900,000
Est. payment | /mo
0.94 Acres Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1185605
HOA Y/N No
Year Built 1971
Lot Size 0.940 Acres
Acres 0.94
Property Sub-Type Apartment
Source Triad MLS
Property Description
Rare 9-unit in downtown Thomasville! Eight spacious 2 BR/1 BA apartments plus one 3 BR/1 BA and a detached storage building on a corner lot. Eight units boast fresh paint, durable LVP, updated baths, and shaker-cab kitchens—only Unit B left for easy value-add. Stroll 0.3 mi to the brand-new Thomasville Aquatics & Community Center with pool, fitness, and events—an instant resident magnet. Area 2 BR market rents average ~$900/mo; at stabilization, potential gross is ±$97K/yr, projecting an 8 %+ cap at the $900K ask. Separate electric meters, city utilities, and low-maintenance brick keep expenses in check. Proven occupancy delivers steady cash flow from day one, with upside in Unit B and the storage building. DO NOT DISTURB TENANTS. Agents—see Agent-Only Remarks for showings and financials.
Location
State NC
County Davidson
Interior
Heating Heat Pump, Electric
Cooling Central Air
Flooring Carpet, Tile, Vinyl
Appliance Electric Water Heater
Laundry Washer/Dryer Connection
Exterior
Parking Features None
Pool None
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Special Listing Condition Owner Sale
Listed by Landon Stone of Real Broker LLC