Residential Over 5 Units - Lines street thomasville north carolina

Published on November 26, 2022
Modified on November 27, 2022
Published by jazz
Viewed by 6 people
#1342
1150000.00 $US

Description of item

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.




Location

Country
United States
Region
North Carolina
City
Thomasville
Address
Lines Street