Brick Apartments Building formerly known as Magnolia Suites is looking for someone to make it thriving apartments again. Easy walking distance of VA Hospital- Great location! Replaced electrical, plumbing, Kitchens, Carpets-Updated baths-Hardwood flooring throughout, some covered with carpet-Large rooms and lots of closet space. carport or garage to protect up to 7 vehicles-Located 1/2 block from front of VA Hospital and near Catawba College- Bus lines-medical care, shopping and dining- List price is only $65.33 sq.ft. for heated space- There is still over 1500 sq. ft. of unheated basement.Cash flow of $24-$26K yearly. ROI 8 years with good management.
Age: Over 50 Years Old
Architecture Style: Other
Cooling System: Central A/C
Exterior Type: Brick Veneer
Heating Fuel: Natural Gas, None
Heating System: Forced Air
Roof Type: Unknown
Rooms: Basement, Bedroom, Full Bath, Kitchen, Living Room
Formerly known as The Magnolia Suites this 4 unit apartment building is located in a Great location for good quality rental-Located easy walking distance from front of VA Hospital and near Catawba College,dining, shopping, entertainment, Hwy.70, Jake Alexander Blvd.,I-85 and downtown Salisbury- natural lit rooms,updated kitchen and bath, plumbing and wiring-Full basement is unheated. Coin operated laundry in basement- Compressor and outside coils are missing-Cash flow of $24-26K yearly.ROI 8 yr.
This full brick fourplex and triplex has BCS Zoning . Also included in the price is the Lot behind parking area. All 7 units rent at $385 per month. $2695 monthly possible. Walking distance to shopping . Gravel parking lot in the back. These properties stay rented, some long-term. is included- room to build more rental units or start a business. (1) 924 S. Fulton has 2994 sq. ft., built in 1920, (2) 926 S.Fulton has 2989 sq. ft., brick, built in 1925, has 4 apartments per tax records.
Investors Dream! This multiplex home consists of the main house and a separate, detached garage apartment. There are 3 apartments in the main house. All units consist of kitchens/baths/living rooms and are plumbed for electric washers and dryers. The main house, 2nd floor apartment has 2 bedrooms. The right hand lower apartment has a wood burning fireplace. The detached garage apartment is a small 2 room unit. All units consistently rented and have provide a reliable income stream.
Great investment with excellent cashflow!! Currently rented, please do not disturb tenants. All Brick 3-unit building. Each unit has 2 bedrooms, one bath and is equipped with electric baseboard heat, window air conditioner, washing machine hookup, refrigerator and oven/range. Each unit has a storage room at rear.