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Colonial South 427 S Main St 20 Unit Apartment Building $1,895,000 ($94,750/Unit) Asheboro, NC 27203
INVESTMENT HIGHLIGHTS
- CONVENTIONAL 20-UNIT MULTIFAMILY in the heart of Asheboro, North Carolina
- MAJOR CAPITAL IMPROVEMENTS include newer roofs and exterior staircases on all buildings
- WALK TO DOWNTOWN ASHEBORO with easy access to Greensboro/Winston-Salem/High Point and several major arteries
- EXCELLENT VALUE-ADD OPPORTUNITY with over 25% upside potential on rents
- SOME RECENT UNIT UPDATES completed, ready for new owner to maximize rents by upgrading all units
EXECUTIVE SUMMARY
CONVENTIONAL 20-UNIT MULTIFAMILY in the heart of Asheboro, North Carolina
PROPERTY FACTS
| Price | $1,895,000 | Building Class | B |
| Price Per Unit | $94,750 | Lot Size | 0.98 AC |
| Sale Type | Investment | Building Size | 15,480 SF |
| No. Units | 20 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1979 |
| Apartment Style | Garden |
| Price | $1,895,000 |
| Price Per Unit | $94,750 |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.98 AC |
| Building Size | 15,480 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1979 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 20 | - | - |
1 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 7751-90-3933 | Improvements Assessment | $405,710 |
| Land Assessment | $200,000 | Total Assessment | $605,710 |
PROPERTY TAXES
Parcel Number
7751-90-3933
Land Assessment
$200,000
Improvements Assessment
$405,710
Total Assessment
$605,710
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Colonial South | 427 S Main St
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