Residential Over 5 Units - Lines street thomasville north carolina

LINES STREET THOMASVILLE NC 27360


Asking Price $1,150,000

16 unit






These units were acquired when all rents were $350/mo and now the current tenants are paying $675.



This is a MAJOR value-add deal with tons of upside. An estimated $800-900K is needed collectively to renovate the units.



A professional management company has been brought on board since the previous owner self managed poorly.



The new management team is experienced to handle turns and renovations with their contractor vendor list and partners.