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403 Gilmer Street Extension , Reidsville, NC 27320

$595,000
  • 403 Gilmer Street Extension , Reidsville, NC 27320 Main Photo

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New to the Market Active
BEDS0 BATHS MLS#1220578
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

Excellent opportunity featuring an 8-unit complex conveniently located near downtown shopping, dining, & local amenities. Each spacious unit features 2 bedrooms, 1 full bath, a kitchen with breakfast area, separate dining room, and a generously sized living room. All units include a refrigerator & free-standing range/oven, & each apartment has its own individual heat pump. Some units have been updated with durable LVP flooring, while others still maintain carpeted areas, offering future value-add potential. Designated parking spaces along with additional street parking for tenants and guests.The property has a strong rental history with most tenants being long-term. Current rental rates range $625 to $950 per month, presenting an excellent opportunity for increased cash flow with future rent adjustments. Whether you are looking to expand your portfolio or purchase your first multifamily investment, this property offers stability, convenience, and upside potential.

403 Gilmer Street Extension | MLS# 1220578

This multi-family property located at 403 Gilmer Street Extension , Reidsville, NC 27320 is currently listed for sale with an asking price of $595,000. Search Reidsville real estate on www.lakenormanrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air, Heat Pump
Fuel Type: Electric
Heating: Heat Pump, Electric
Lot Size: 0.44 Acres
Year Built: 1940

Feature Descriptions

Appliance: Electric Water Heater
Days on Site: 2
Energy: Insulated Windows
Exterior: Block
Lot: City Lot, Cleared
Lot Dimensions: 0.44 acre(s)
Sewer: Public Sewer
Water: Public
Water Heater: Electric

Listed By / Shown By

Listed By

Agency Name: Realty One Group Results Greensboro

Shown By

Agency Title: Lake Norman Realty
Agency Phone: 704-450-1175

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Estimated Payment

$ 3,340.38 per month $3,166.84 Principal & Interest $0.00 Property Tax (data not provided by mls) $173.54 Homeowner's Insurance

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