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106 Winston Street, Thomasville, NC 27360

$600,000

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List Price: $600,000
MLS#: 1236399
Status: ACTIVE
Type: Multifamily
Subtype: Apartment
Lot Size: 111,949

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Property Description

Situated on approximately 2.57 acres in Thomasville, this property features an existing 14-unit apartment building constructed in 1937, offering a mix of 2BR/2BA, 2BR/1BA, and 1BR/1BA units. The existing building is completely vacant and requires renovation, providing an opportunity for investors to rehabilitate and reposition the property with a new leasing strategy. This property also comes with significant expansion potential, as it has the potential to add 25 additional units, bringing the total to 39 units, subject to applicable development approvals and permitting. Property survey, building measurements, and unit information are available for review. Offered as-is, this property is suited for multifamily investors, renovation specialists, and developers seeking an acquisition with additional development potential.

(704) 996-9416

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Additional Information

Acres: 2.57
Appliances: Electric Water Heater
Cooling Type: Heat Pump
Heating: Heat Pump, Electric
Heating Fuel: Electric
Lot Size: 111,949
Parking: Gravel, Paved
Sewer: Public Sewer
Show Street Address: Yes
Water: Public
Water Heater: Electric
Year Built: 1937