305 Salem Street, Thomasville, NC 27360 (MLS # 1185605)

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PRICE $900,000 dsIDX morgage calculator
BEDS 0
BATHS 0
LOT SIZE 40,947 sqft

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.

DAYS ON MARKET 1 LAST UPDATED 6/25/2025
YEAR BUILT 1971 COUNTY Davidson
STATUS Active PROPERTY TYPE(S) Single Family


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Electric Water Heater
CONSTRUCTION Brick, Vinyl Siding
GARAGE Yes
HEAT Electric, Heat Pump
LOT 0.94 acre(s)
PARKING Assigned, Paved, No Garage
POOL DESCRIPTION None
SEWER Public Sewer
TAXES 7043
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Real Broker LLC
Date last updated: 6/26/25 5:32 AM PDT

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