$395,000
For Sale

1352 Briles Drive

Asheboro, NC 27205
Browse 48 photos
Type:Multi-Family
Structure:Unit
Zone:Residential

Description

Presenting a remarkable opportunity to acquire a fully-leased, 6- 1 Bedroom-unit apartment complex located just outside the Asheboro city limits. Each one-bedroom unit includes a stove and refrigerator, providing basic amenities that meet the needs of individuals seeking affordable housing options. The complex is nestled in a serene neighborhood, offering residents a quiet and peaceful living environment, allowing it to maintain strong occupancy rates. Rental rates ranging from $550 to $695, delivering a stable and impressive net income. This property is an ideal addition to any investment portfolio, offering both consistent cash flow and potential for future appreciation. See attached documents for 2023 & 2024 P&L reports, Rent Roll and a list of improvements since December of 2020. Don't miss out on this excellent opportunity to expand your real estate holdings with a property that promises continued success and growth.

  • Property Details
      • Acres0.76
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1981
  • Utilities / Energy Details
      • Sewer InformationSeptic Tank
      • Utility SourcePublic
  • Community and Neighborhood Details
      • CountyRandolph
  • Financial Details
      • Taxes Annual$897
  • Other
      • MLS #1154444

Location

FAB Real Estate Services LLCReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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