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1352 Briles Drive

Asheboro, NC 27205

– beds
– baths
~3/4 acre lot
1981 build
– on site

Presenting a remarkable opportunity to acquire a fully-leased, 6- 1 Bedroom-unit apartment complex located just outside the Asheboro city limits. Each one-bedroom unit includes a stove and refrigerator, providing basic amenities that meet the needs of individuals seeking affordable housing options. The complex is nestled in a serene neighborhood, offering residents a quiet and peaceful living environment, allowing it to maintain strong occupancy rates. Rental rates ranging from $550 to $695, delivering a stable and impressive net income. This property is an ideal addition to any investment portfolio, offering both consistent cash flow and potential for future appreciation. See attached documents for 2023 & 2024 P&L reports, Rent Roll and a list of improvements since December of 2020. Don't miss out on this excellent opportunity to expand your real estate holdings with a property that promises continued success and growth.

Listing courtesy of TRIAD / Keller Williams Central

Last checked: Checking… • Last updated Sep 4, 2024 •

MLS# 1154444 —

The Building

Year Built:

1981
Construction Materials:

Vinyl Siding
# of Units Total:

6
Basement:

false
Total Heated Finished SqFt Range:

0 - 0

Interior

Flooring:

Carpet

Location

Directions:

McDowell Rd. to Mack Rd. to Danny Bell to Briles Dr.
Latitude:

35.657188
Longitude:

-79.863187

The Property

Property Type:

Residential Income
Property Subtype:

Apartment
Lot Size Acres:

0.76
Lot Size Dimensions:

173 x 198 x 151 x 204
Zoning:

RR
Acres:

1 - 1
Environmental Hazards:

No
Price Per Acre:

519736.8421

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

$897.95

The Listing

Listing Terms:

Cash
Special Listing Conditions:

Owner Sale

Heating & Cooling

Cooling:

Central Air
Heating:

Heat Pump
Heating Fuel:

Electric

Utilities

Sewer:

Septic Tank
Water Heater:

Electric
Water Source:

Public

Appliances

Appliances:

Electric Water Heater

The Community

Pool:

false
Pool Features:

None
Association:

false

Parking

Garage Description:

None
Parking Features:

Gravel

Extra Units

Unfurnished Units:

6
Units Furnished:

None

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
9/2/24 Sep 2, 2024	Listed / Active	TRIAD	$395,000

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This multifamily located in NC 27205 is currently for sale for $395,000. 1352 Briles Drive is a multifamily with – beds and – baths that has been on Estately for 83 days. This multifamily is in the attendance area of Southwestern Randolph High School, Southmont Elementary School, and Southwestern Randolph Middle School.

Listing Courtesy of: TRIAD and Keller Williams Central.

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