1600 S Scales St - Apartments FOR SALE


Reidsville, NC 27320
$1,500,000 USD
336-613-8835
1600 S Scales St, Reidsville, NC for Sale
$1,500,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

1600 S Scales St
Reidsville, NC 27320


HIGHLIGHTS

  • Prime Investment Opportunity – Three duplexes with six rental units, offering a strong income potential.
  • Attractive Unit Features – Each unit includes two bedrooms, one bathroom, a patio, and a storage room.
  • Excellent Location – Conveniently located near shopping, restaurants, medical facilities, and major transportation routes.
  • Easy Access – Quick access to Burlington, Danville, VA, and Greensboro, ensuring wide appeal for tenants.
  • Well-Positioned Units – Units are spread across three locations: 1600/1602 S. Scales Street, 500/503 Parkway Blvd., and 1821/1823 Penrose Dr.
  • Perfect for New Investors – A great opportunity to jump-start your investment portfolio with multiple units in a desirable location.

OVERVIEW

Investor Alert! Location, location, location! Prime Investment opportunity! This property features three duplexes with six units total. Each unit includes two bedrooms, one bathroom, a patio, and a storage room. It is conveniently located near shopping, restaurants and medical facilities, with easy access to Burlington, Danville, VA, and Greensboro. This is the perfect opportunity to kickstart your investment portfolio! Three units occupy 1600/1602 S. Scales Street, 500/503 Parkway Blvd. & 1821/1823 Penrose Dr. Buyer must have an appointment to view property! Do not walk around units without an appointment or a licensed broker. Tenants will contact the police department!

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$273 USD /SF

# OF UNITS

10

PRICE/UNIT

$150,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R12RD

APN/PARCEL ID

151876

ASK ABOUT THIS PROPERTY

Teresa KnowlesCentury 21 The Knowles TeamMore Info
336-613-8835

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Teresa KnowlesCentury 21 The Knowles TeamMore Info
336-613-8835

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.