401 Summit St, Madison, NC 27025
12 Unit Apartment Building | $1,096,000 ($91,333/Unit) | 7.83% Cap Rate | Madison, NC 27025
For Sale
Active
Asking Price $1,096,000
- Property Type
-
Multifamily
- Square Feet
- 9,360 SF
Listing Contacts
Phil Tockman
Nick Gonzalez, CCIM
Property Overview
Opportunity to own a solid performing brick construction multi-family value-add property: 6 duplexes located on one block in Madison, NC (30 minutes north of Greensboro, NC). 2BR/1BA units all leased below market rents, yet still cash flowing well. 11 of the 12 units have been updated as proof of concept that rents are still below market.
Property Details
- Class
- C
- Year Built
- 1961
- Stories
- 1
- Lot Size (sq. ft)
- 74,488 SF
- Units
- 12
Highlights
- Unit Mix: 2BR/1BA
- ±1,560 SF each
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].