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305 Fife ST Thomasville, NC 27360
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Key Details
Sold Price $221,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,294 sqft
Price per Sqft $41
MLS Listing ID 3409560
Sold Date 02/15/19
Style Traditional
Bedrooms 16
Full Baths 8
Year Built 1930
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 96x150x100x146
Property Description
Awesome Value-Add Opportunity in Thomasville, NC - the All-America City! Fife Street Apartments is just 3 blocks off Main Street with 4 of the 8 units leased ranging from $425 - $500 per month (Tenant pays electricity). The remaining 4 units are in need of additional updates but PM is confident in rental demand and that once building is stabilized rents could be increased. Projected 8.5% CAP at stabilization.
Great small-town feel in Thomasville (https://visitthomasvillenc.com/home) and awesome location in the Piedmont Triad - less than 10 miles to High Point and less than 20 miles to Winston-Salem and Greensboro.
Location
State NC
County Davidson
Interior
Heating Ductless
Fireplace false
Appliance Cable Prewire
Exterior
Parking Type On Street
Building
Building Description Vinyl Siding, Eightplex+
Foundation Crawl Space
Sewer Public Sewer
Water Public
Architectural Style Traditional
Structure Type Vinyl Siding
New Construction false
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with Shannon Edwards • Keller Williams Lake Norman
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