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31533037
31533036

703 Davidson Street, Thomasville, NC 99611

NAI Piedmont Triad
NAI Piedmont Triad
Listed by NAI Piedmont Triad
$650,000
57 days on market
Updated 52 days ago

703 Davidson St

Details
APN 04516018
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,098
Units 7
Cap Rate 7.08%
NOI $46,001
Pro-Forma Cap Rate 8.00%
Year Built 2002
Buildings 1
Acreage 2.497
Investment Type Value Add

703 Davidson Street, Thomasville, NC 99611

Marketing description

Available for the first time since its original construction (2002) - 703 Davidson Street, Thomasville NC. This opportunity offers a rare combination of stabilized income, turnkey physical condition, and immense income growth.

Built in 2002 and under the same professional management for over two decades, this full-brick apartment complex is a low-maintenance, high-efficiency asset located in the heart of the growing North Carolina Triad.

The property is positioned for immediate income growth. By adjusting current rents to the market rate of $900 per month, a new owner can capture significant upside potential with minimal renovation.

Location Advantage:

Situated in Thomasville, this property benefits from being a bedroom community for nearby cities of Winston-Salem, Greensboro, and High Point. This location offers convenient access to major highway corridors connecting Triad Cities, making it a prime location for the Triad's workforce.

Investment highlights

  • Stabilized income generating apartments
  • Full brick exterior, vinyl windows, and asphalt shingle roofing
  • Full utility separation including water for management simplicity
  • Each apartment features central HVAC, washer/dryer connections within a quiet and private residential feeling.
  • Exceptionally maintained inside and outside with attractive landscaping and asphalt parking lot in good condition.

Listing Contacts

NAI Piedmont Triad
NAI Piedmont Triad
Listed by NAI Piedmont Triad

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$46,001.15
$3,833.43/mo

Valuation Metrics

0
DSCR
7.08%
Cap Rate
7.08%
ROI

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