208 S 3Rd St, Albemarle, NC 28001

Description

Stabilized, high-margin 3,600sf multifamily asset in the heart of Albemarle’s Revitalized Core offers a rare combination of immediate cash flow and a zero-drag operational model. Property has no common areas, effectively eliminating the unbillable utility costs, cleaning requirements, and management friction typical of corridor-style buildings. The configuration features four 900 SF 2BR/1BA units, each with its own covered front porch, independent exterior entry and a similar layout.

Every unit is separately metered for electric and water and offers a functional two-level layout with full kitchens, dining and living areas on the main floor, bedrooms and updated bath el...