Rare multifamily investment opportunity! Fully occupied cash flowing 4 unit apartment building located in a prime location right off S Main St just two blocks from Downtown Mount Airy. Historic building with full brick exterior. Priced at a 9% cap rate based on current in place rents and expenses. Three units are long term leases and one unit is month to month. Recent renovations include new roofing, plumbing updates, bathroom updates, fresh paint and landscaping. Each unit features 2 beds, 1 bath and a den. Each unit is sub-metered for power and water/sewer. Tenants pay for all utilities except trash collection. Units have in-unit washer and dryer connections. Off street parking lot located in rear of property. Basement features full height ceilings. Financials available with proof of funds from prospective purchaser. Interior photos available upon request. Please do not disturb tenants.
Sold for $450,000 on 08/01/24
$450,000
135 W Church St, Mount Airy, NC 27030
--beds
--baths
--sqft
Apartment, Multi Family
Built in 1925
-- sqft lot
$478,800 Zestimate®
$--/sqft
$1,214 Estimated rent
Home value
$478,800
$426,000 - $541,000
$1,214/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 03, 2025 at 12:47am
Listed by:
Andrew Balogh 336-428-0230,
eXp Realty LLC
Bought with:
Rick Donathan, 333436
Main St. Brokers Real Estate
Source: Triad MLS,MLS#: 1134413
Originating MLS: Winston-Salem
Originating MLS: Winston-SalemFacts & features
Interior
Heating
- Baseboard, Electric
Cooling
- Window Unit(s)
Appliances
- Included: Electric Water Heater
- Laundry: Washer/Dryer Connection
Features
- Flooring: Tile, Wood
- Has basement: Yes
- Has fireplace: No
Interior area
- Total structure area: 5,298
Property
Parking
- Parking features: Deck, Paved, On Street
- Has uncovered spaces: Yes
Features
- Exterior features: Balcony
- Pool features: None
Lot
- Size: 0.36 Acres
- Features: City Lot, Not in Flood Zone
Details
- Parcel number: 502016737148
- Zoning: R6
- Special conditions: Owner Sale
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Apartment, Multi Family
Materials
- Brick
Condition
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Mount Airy
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,1031 Exchange,FHA
Price history
| Date | Event | Price |
|---|---|---|
| 8/1/2024 | Sold | $450,000-10% |
Source:  Triad MLS #1134413 | ||
| 5/20/2024 | Pending sale | $500,000 |
Source: Triad MLS #1134413 | ||
| 4/24/2024 | Listed for sale | $500,000 |
Source: Triad MLS #1134413 | ||
| 4/17/2024 | Pending sale | $500,000 |
Source: Triad MLS #1134413 | ||
| 3/6/2024 | Listed for sale | $500,000+300% |
Source: Triad MLS #1134413 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,567 +120% | $385,490 +162.3% |
| 2024 | $1,167 | $146,950 |
| 2023 | $1,167 | $146,950 |
Find assessor info on the county website
Neighborhood: 27030
Nearby schools
GreatSchools rating
- NABruce H Tharrington ElementaryGrades: PK-2Distance: 0.5 mi
- 9/10Mount Airy MiddleGrades: 6-8Distance: 0.9 mi
- 6/10Mount Airy HighGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Tharrington/Jones
- Middle: Mt Airy
- High: Mt Airy
Source: Triad MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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