50
See all 50 photos
$795,000
Est. payment /mo
New
1404 & 1406 Front ST Reidsville, NC 27320
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1182701
HOA Y/N No
Year Built 2001
Property Sub-Type Investment
Source Triad MLS
Property Description
Are you seeking an investment that consistently generates returns? This is a perfect opportunity to own prime real estate with tenants already in place! Where else could you invest $795,000 and earn a monthly return of $5,572? The property is currently occupied by solid long-term tenants, and a rent increase is expected within the next 4 to 9 months extending leases to 2028 and 2030. This all-brick building requires minimal maintenance. The owner is responsible for certain expenses, including utilities (electricity, water, and lawn maintenance), which total $800 per month, as well as annual taxes of $5,800 and insurance costs of $1,700 per year. SHOWN BY APPOINTMENT ONLY! NO DRIVE BY! 1404 Front Street 2547 square foot & 1406 Front Street 1045 square foot
Location
State NC
County Rockingham
Exterior
Landscape Description Flat
Building
Lot Description City Lot, Level
Sewer Public Sewer
New Construction No
Others
Special Listing Condition Owner Sale
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Listed by Teresa S. Knowles of CENTURY 21 THE KNOWLES TEAM