$850,000
$900,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
0.94 Acres Lot
SOLD DATE : 08/06/2025
Key Details
Sold Price $850,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1185605
Sold Date 08/06/25
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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Bought with Joshua Mitchell Real Estate
907 Country Club Dr, Lexington, NC, 27292, United States
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