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$ 595,000
Est. payment /mo
Pending
403 Gilmer Street EXT Reidsville, NC 27320
0.44 Acres Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 1220578
HOA Y/N No
Year Built 1940
Lot Size 0.440 Acres
Acres 0.44
Property Sub-Type Apartment
Source Triad MLS
Property Description
Excellent opportunity featuring an 8-unit complex conveniently located near downtown shopping, dining, & local amenities. Each spacious unit features 2 bedrooms, 1 full bath, a kitchen with breakfast area, separate dining room, and a generously sized living room. All units include a refrigerator & free-standing range/oven, & each apartment has its own individual heat pump. Some units have been updated with durable LVP flooring, while others still maintain carpeted areas, offering future value-add potential. Designated parking spaces along with additional street parking for tenants and guests.
The property has a strong rental history with most tenants being long-term. Current rental rates range $625 to $950 per month, presenting an excellent opportunity for increased cash flow with future rent adjustments. Whether you are looking to expand your portfolio or purchase your first multifamily investment, this property offers stability, convenience, and upside potential.
The property has a strong rental history with most tenants being long-term. Current rental rates range $625 to $950 per month, presenting an excellent opportunity for increased cash flow with future rent adjustments. Whether you are looking to expand your portfolio or purchase your first multifamily investment, this property offers stability, convenience, and upside potential.
Location
State NC
County Rockingham
Interior
Heating Heat Pump, Electric
Cooling Central Air, Heat Pump
Appliance Electric Water Heater
Laundry Coin Laundry
Exterior
Pool None
Landscape Description Cleared Land
Street Surface Paved
Total Parking Spaces 12
Building
Lot Description City Lot, Cleared
Sewer Public Sewer
Water Public
New Construction No
Others
Special Listing Condition Owner Sale
Virtual Tour https://listings.mmtriad.com/sites/emozdkog/unbranded
Listed by Stephanie Andrew • Realty One Group Results Greensboro