111 South Street   |  111 South Street   |   7 Units

  • TO LEARN MORE ABOUT THIS PROPERTY, CONTACT:

    Jason Bush at jbush@ltpcommercial.com

    This 7-unit multi-family property is located in Thomasville. All units are 2 bedroom, 1 bathroom, separately metered. Owner has upgraded flooring and paint in six of the seven units. New rear exterior stairs and landings installed. Located in an Opportunity Zone. 14.72% Cap Rate with long term tenants in place.

    Address:111 South Street
    City:Thomasville
    Zip:27260
    Avail sf ± 5,000
    Price$190,000
  • Aerial Map
    Aerial Photo
  • PROPERTY DETAILS

    Property Type Investment
    Multi-family
    Avail sf ± 5,000
    Building sf ± 5,000
    Floors ±2
    FlooringVinyl Plank & Carpet
    RoofShingle
    # of Units7
    Acres ±1.17
    Parking14 Spaces
    SprinkleredYes

    UTILITIES

    ElectricalYes
    WaterYes
    SewerYes
    AirYes
    HeatYes
    GasYes

    UTILITIES PAID BY

    ElectricalTenant
    WaterLandlord

    TAX INFORMATION

    ZoningR6
    County:Davidson , NC
    Tax PIN6788-03-41-6149

    PRICING & TERMS

    Price$190,000
    NOI$27,976.96
    Tax Value$170,640
    Cap Rate14.72%
    CommentsThis 7-unit multi-family property is located in Thomasville. All units are 2 bedroom, 1 bathroom, separately metered. Owner has upgraded flooring and paint in six of the seven units. New rear exterior stairs and landings installed. Located in an Opportunity Zone. 14.72% Cap Rate with long term tenants in place.

    UNIT INFORMATION

    Type # of Units Average Rental Rates
    Two Bedroom 7 $450.00