Listed by NAI Piedmont Triad
$745,880
544 / 546 Morgan Road
Details
Property Type Retail, Multifamily
Sub Type Storefront, Apartment Building
Square Footage 6,000
Units 6
Cap Rate 8.50%
NOI $63,400
Occupancy 100%
Tenancy Multi
Brand/Tenant Cat Rescue & Supply Store
Lease Type Modified
Rent Bumps Yes
Year Renovated 2026
Buildings 2
Investment Type Value Add
Ground Lease No
544 Morgan Road, Eden, NC 27288-2556
Marketing description
A rare opportunity to purchase two adjacent mixed-use buildings featuring commercial storefronts and residential apartments. This property offers multiple income streams with long-term upside through lease escalations and continued residential demand.
This well-maintained mixed-use investment provides immediate cash flow from six occupied units while benefiting from contractual rent escalations in the commercial lease. The combination of commercial and residential tenants creates a diversified income stream that appeals to both private investors and 1031 exchange buyers seeking stable returns.
Investment highlights
- Two mixed-use buildings offered as one investment
- Six total income-producing units: 2 Commercial Spaces, 4 Residential Apartments
- 100% occupied with established commercial and residential tenants
- Diverse tenant mix providing stable income
- Recently executed commercial lease with annual rent increases
- Attractive 7.9% Cap Rate
- Excellent value-add and long-term investment opportunity
Listing Contacts
Listed by NAI Piedmont Triad
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$63,400.00
$5,283.33/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
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