Thomasville, NC 27360,305 Salem ST
Thomasville, NC 27360,305 Salem ST
Thomasville, NC 27360,305 Salem ST
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Thu
10
Jul
Fri
11
Jul
Sat
12
Jul
$900,000
Est. payment /mo
0.94 Acres Lot
Save

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


Read Less Info
Triad MLS
Listed by Landon Stone of Real Broker LLC

GET MORE INFORMATION

agent

Hermanda Williamson

+1(336) 551-9952

Agent | License ID: 338838

Agent License ID: 338838

Name

Phone*

Message