305 Salem Street

Thomasville, NC 27360

  • Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 0.94
    Acre(Lot)
$900,000

Description

Rare 9-unit in downtown thomasville! eight spacious 2 br/1 ba apartments plus one 3 br/1 ba and a detached storage building on a corner lot. eight units boast fresh paint, durable lvp, updated baths, and shaker-cab kitchens—only unit b left for easy value-add. stroll 0.3 mi to the brand-new thomasville aquatics & community center with pool, fitness, and events—an instant resident magnet. area 2 br market rents average ~$900/mo; at stabilization, potential gross is ±$97k/yr, projecting an 8 %+ cap at the $900k ask. separate electric meters, city utilities, and low-maintenance brick keep expenses in check. proven occupancy delivers steady cash flow from day one, with upside in unit b and the storage building. do not disturb tenants. agents—see agent-only remarks for showings and financials.

  • Property Type

    Residential
  • County

    Davidson
  • Style

    Residential
  • AD ID

    50272339

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BuyOwner last updated this listing 07/04/2025 @ 05:03

  • MLS: 1185605
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: TriadMLS

is a Home, with bedrooms which is for sale, it has 0 sqft, 1 sized lot, and 0 parking. are nearby neighborhoods.