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.
Great income potential! Mobile Home park has 4 singlewide mobile homes on 3.44 acres! $850 per month rent on unit #1 & #3 both currently rented. Unit #4 is $925 and is rented. Unit #2 has recently been renovated and rents for $995. One shared well for all 4 homes. Each has it's own septic tank. Nice wooded setting!
The median home value in Asheboro, NC is $256,000. This is higher than the county median home value of $202,400. The national median home value is $338,100. The average price of homes sold in Asheboro, NC is $256,000. Approximately 44.04% of Asheboro homes are owned, compared to 47.84% rented, while 8.12% are vacant. Asheboro real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Asheboro real estate agent to arrange a tour today!
Asheboro, North Carolina has a population of 26,729. Asheboro is more family-centric than the surrounding county with 28.87% of the households containing married families with children. The county average for households married with children is 28.26%.
The median household income in Asheboro, North Carolina is $40,571. The median household income for the surrounding county is $51,598 compared to the national median of $69,021. The median age of people living in Asheboro is 35.5 years.
The average high temperature in July is 88.4 degrees, with an average low temperature in January of 29.9 degrees. The average rainfall is approximately 45.4 inches per year, with 3.9 inches of snow per year.