305 Salem Street   |  305 Salem Street   |   9 Units

  • TO LEARN MORE ABOUT THIS PROPERTY, CONTACT:

    Aubrey Linville, CCIM at aubrey@ltpcommercial.com

    —or—

    Jordan Cooper at jordan@LTPcommercial.com

    This fully leased, 9-unit multi-family property is located in Thomasville between the Veterans Memorial Park and Downtown. Each unit has two-bedrooms and is separately metered for utilities. The roof is in new condition with multiple surface parking spaces per unit.

    Address:305 Salem Street
    City:Thomasville
    Zip:27360
    Price$525,000
  • Aerial Map
    Aerial Photo
  • PROPERTY DETAILS

    Property Type Investment
    Multi-family
    Floors ±2
    # of Units9
    SprinkleredNo

    UTILITIES

    ElectricalYes
    WaterYes
    SewerYes
    AirYes
    HeatYes
    GasYes

    UTILITIES PAID BY

    ElectricalTenant
    WaterTenant
    GasTenant

    TAX INFORMATION

    County:Davidson , NC

    PRICING & TERMS

    Price$525,000
    NOI$42,139
    Cap Rate8.03%
    Gross Pot. Rents$54,000
    CommentsThis fully leased, 9-unit multi-family property is located in Thomasville between the Veterans Memorial Park and Downtown. Each unit has two-bedrooms and is separately metered for utilities. The roof is in new condition with multiple surface parking spaces per unit.

    UNIT INFORMATION

    Type # of Units Average Rental Rates
    Two Bedroom 9 $500/Month