Listed by Britt Commercial Real Estate
$1,850,000
Jackson Street Flats
Details
APN 006466
Property Type Multifamily
Square Footage 9,945
Units 15
NOI $102,124
Occupancy 73.3%
Tenancy Multi
Pro-Forma NOI $139,327
Price per SqFt $186
Year Built 1969
Year Renovated 2022
Stories 1
Acreage 0.800
Zoning UR12
Parking Spaces 20 spaces
Parking Per SqFt 2.01
Investment Type Stabilized
Occupancy Date 05/02/2026
Jackson Street Flats | 15 Units in Salisbury NC
Marketing description
Jackson Street Flats is a turnkey 15-unit multifamily offering in Salisbury, NC - walking distance to historic downtown dining, breweries, and retail. Built in 1969, the property sits on ±0.80 acres and has been fully renovated since 2022 with LVP flooring, updated countertops, refreshed bathrooms, new appliances, and modern fixtures throughout. Unit mix of nine 1BR/1BA and six 2BR/1BA. Currently 11/15 occupied with 4 vacant units offering immediate lease-up upside to market rents.
Investment highlights
- Turnkey Investment Opportunity
- All Units Renovated Since 2022 | LVP Flooring | New Appliances & Fixtures
- Strong Salisbury Location - walking distance to downtown Salisbury
Listing Contacts
Listed by Britt Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$102,124.00
$8,510.33/mo
Valuation Metrics
0
DSCR
5.52%
Cap Rate
5.52%
ROI
Map
Zoning
UR12 ResidentialMulti FamilyUrban Residential
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View all 85 uses Last updated May 11, 2026 For deeper zoning details, reports are available at Zoneomics
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