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306 N Jackson St 15 Unit Apartment Building $1,850,000 ($123,333/Unit) Salisbury, NC 28144
Investment Highlights
- ALL UNITS RENOVATED SINCE 2022
- WALKING DISTANCE TO DOWNTOWN SALISBURY
Executive Summary
Jackson Street Flats is a turnkey 15-unit multifamily offering in Salisbury, NC - walking distance to historic downtown dining, breweries, and retail. Built in 1969, the property sits on ±0.80 acres and has been fully renovated since 2022 with LVP flooring, updated countertops, refreshed bathrooms, new appliances, and modern fixtures throughout. Unit mix of nine 1BR/1BA and six 2BR/1BA. Currently 11/15 occupied with 4 vacant units offering immediate lease-up upside to market rents.
Property Facts
| Price | $1,850,000 | Lot Size | 0.80 AC |
| Price Per Unit | $123,333 | Building Size | 11,700 SF |
| Sale Type | Investment | Average Occupancy | 93% |
| No. Units | 15 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1969/2021 |
| Property Subtype | Apartment | Parking Ratio | 1.28/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Building Class | B |
| Price | $1,850,000 |
| Price Per Unit | $123,333 |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.80 AC |
| Building Size | 11,700 SF |
| Average Occupancy | 93% |
| No. Stories | 1 |
| Year Built/Renovated | 1969/2021 |
| Parking Ratio | 1.28/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Kitchen
- Oven
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | 700 |
| 2+1 | 6 | - | 900 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 006-466 | Improvements Assessment | $554,441 |
| Land Assessment | $100,352 | Total Assessment | $654,793 |
Property Taxes
Parcel Number
006-466
Land Assessment
$100,352
Improvements Assessment
$554,441
Total Assessment
$654,793
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306 N Jackson St
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