1404 & 1406 Front Street
$795,000
1404 & 1406 Front Street, Reidsville, NC 27320
3,832 sqft
Building Size
0.74 acres
Lot Area
Details:
Highlights:
- Annual Tax: $ 5485.36
- Roof: Composition Shingle
- Flooring: Wall to Wall Carpet
- Lot Description: Access Type - Road
- Age: 21-30 Years Old
- Exterior Description: Brick
- Road Type: City / Town Street
- Lot Size: 1/2 - 1 Acre
- Cooling: Central A/C
- Heating Type: Heat Pump
- Heating Fuel Type: Electric
- Sewer: City
- Water: City Water
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.
Documents:
| Title | ||
|---|---|---|
| Virtual Tour | ||
| 1 Floor plan | ||
| 2 MOG, AERIAL, SURVEY, TAX BILL, DEED |
Location
Gallery
