$1,100,000
700 Ann Street,
Rockingham NC, 28379
Description
Multi family apartment complex conveniently located in Rockingham's Historic District with two years of proven rental history for renovated units, no vacancies. Ready for a general contractor/investor to renovate the remaining 5 buildings to triple the earning potential. Unique opportunity to have the security of 8 income producing rental units, while completing renovations on remaining units. Lots of open land available to add ramadas, garden area, etc. 8- 2 Bed, 1 Bath units renovated in 2017. Granite Countertops, Mosaic Tile Backsplash, & Stainless Appliances. Potential for ~20 additional units in remaining 5 buildings after renovations.
Details
| MLS# | 624609 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1941 |
| Days On Site | 375 |
Features
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| Area Information | |
|---|---|
| State | NC |
| County | Richmond |
| City | Rockingham |
| Zip Code | 28379 |
| Area | Richmond |
| Community Name | UNKNOWN |
| Listing VS Median (in UNKNOWN) | |
Price: $1,100,000 low | high Med: $67,900 On Site: 375 low | high Med: 363.5 | |
Listing Updated: January 19, 2021 8:01:10 PM PST
MLS Number: 624609Listing Provided By:
MELISSA MULLOY of TOWERING PINES REAL ESTATE