NC > Thomasville
Thomasville, NC 27360,305 Salem ST
Thomasville, NC 27360,305 Salem ST
Thomasville, NC 27360,305 Salem ST
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Hermanda Williamson

Hermanda Williamson

+1(336) 551-9952
$900,000
Est. payment /mo
0.94 Acres Lot
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UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1185605

HOA Y/N No

Year Built 1971

Lot Size 0.940 Acres

Acres 0.94

Property Sub-Type Apartment

Source Triad MLS

Property Description

Rare 9-unit in downtown Thomasville! Eight spacious 2 BR/1 BA apartments plus one 3 BR/1 BA and a detached storage building on a corner lot. Eight units boast fresh paint, durable LVP, updated baths, and shaker-cab kitchens—only Unit B left for easy value-add. Stroll 0.3 mi to the brand-new Thomasville Aquatics & Community Center with pool, fitness, and events—an instant resident magnet. Area 2 BR market rents average ~$900/mo; at stabilization, potential gross is ±$97K/yr, projecting an 8 %+ cap at the $900K ask. Separate electric meters, city utilities, and low-maintenance brick keep expenses in check. Proven occupancy delivers steady cash flow from day one, with upside in Unit B and the storage building. DO NOT DISTURB TENANTS. Agents—see Agent-Only Remarks for showings and financials.

Location

State NC

County Davidson

Interior

Heating Heat Pump, Electric

Cooling Central Air

Flooring Carpet, Tile, Vinyl

Appliance Electric Water Heater

Laundry Washer/Dryer Connection

Exterior

Parking Features None

Pool None

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Special Listing Condition Owner Sale

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Triad MLS
Listed by Landon Stone of Real Broker LLC

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agent

Hermanda Williamson

+1(336) 551-9952

Agent | License ID: 338838

Agent License ID: 338838

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Phone*

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