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$450,000
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Property Description
Rare multifamily investment opportunity! Fully occupied cash flowing 4 unit apartment building located in a prime location right off S Main St just two blocks from Downtown Mount Airy. Historic building with full brick exterior. Priced at a 9% cap rate based on current in place rents and expenses. Three units are long term leases and one unit is month to month. Recent renovations include new roofing, plumbing updates, bathroom updates, fresh paint and landscaping. Each unit features 2 beds, 1 bath and a den. Each unit is sub-metered for power and water/sewer. Tenants pay for all utilities except trash collection. Units have in-unit washer and dryer connections. Off street parking lot located in rear of property. Basement features full height ceilings. Financials available with proof of funds from prospective purchaser. Interior photos available upon request. Please do not disturb tenants.
Full Property Details
Full Property Details for 135 W Church St
General
- Sold For: $450,000
- Status: Closed
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4116499
- Added to Site: 289 day(s) ago
Interior
- Appliances: Electric Range, Electric Water Heater, Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: Electric Dryer Hookup, In Unit, Washer Hookup
Parking
- Parking Features: Parking Lot
Location
- County: Surry
Community
- Pets Allowed: Yes
- Pets: Conditional
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Baseboard, Electric
Utilities
- Sewer: Public Sewer
- Water: City
Structural Information
- Construction: Site Built
- Exterior Const.: Brick Full
- Basement: Yes
- Basement Desc.: Daylight, Exterior Entry, Full, Unfinished
- Square Feet: 5,300
- Year Built: 1925
Lot Features
- Street/Road Desc.: Concrete, Paved
Financial Considerations
- Terms: Cash, Conventional, Exchange, FHA, Nonconforming Loan
- Tenant Pays: All Utilities
Disclosures and Reports
- Property ID: 5020-16-73-7148
- Lot Number: 1799-791
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Schools
Schools serving 135 W Church St
School District:Mount Airy City Schools
Rating | Name | Grades | Distance |
---|---|---|---|
Tharrington Primary School
315 Culbert St, Mount Airy, NC 27030 | PK-2 | 0.5 mi | |
249 Hamburg St, Mount Airy, NC 27030 | 6-8 | 0.9 mi | |
1011 N South St, Mount Airy, NC 27030 | 9-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 135 W Church St
Date
Details
Price
Change
Source
8/01/2024
Sold
$450,000
-10%
MLS
3/07/2024
Listed
$500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
135 W Church Street, Mount Airy, NC 27030 (MLS# 4116499) is a Single Family property that was sold at $450,000 on August 01, 2024. Want to learn more about 135 W Church Street? Do you have questions about finding other Single Family real estate for sale in Mount Airy? You can browse all Mount Airy real estate or contact a Coldwell Banker agent to request more information.