Map of Property

401 Summit Street

For Sale

401 Summit Street, Madison, NC 27025

This Madison property for sale is located at 401 Summit Street. The current listed sale price for 401 Summit Street is $1,096,000. 401 Summit Street is situated on a lot that is 1.71 acre in size.

Contacts

broker

Nick Gonzalez

Linville Team Partners

broker

Phil Tockman

Linville Team Partners

Property Details

  • Property Type Multi-Family
  • Property Size 1,560 SF
  • Units 12
  • Lot Size 1.71 Acre
  • Cap Rate % 8.25
  • NOI / YR 90420
  • Additional Rent Contact for pricing
  • Date Updated Sep 6, 2024

Opportunity to own a solid performing brick construction multi-family value-add property: 6 duplexes located on one block in Madison, NC (30 minutes north of Greensboro, NC). 2BR/1BA units all leased below market rents, yet still cash flowing well. 11 of the 12 units have been updated as proof of concept that rents are still below market.

 

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Getting around

  • 4/100

    Walk Score ®

  • 12/100

    Bike Score ®

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Location

  • City Madison, NC
  • Neighborhood Madison
  • Zip Code 27025
  • Market Winston Salem Greensboro

Points of Interest

  • Shell

    3.01 miles

  • Murphy USA

    3.37 miles

  • Citgo

    9.99 miles

  • Mayodan Access

    1.90 miles

  • US BUS 220 Boat Access

    4.56 miles

  • Pine Hall Boat Ramp

    7.04 miles

  • Hemlock Golf Course River Access

    8.39 miles

  • Walmart Supercenter

    3.50 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact 401 Summit Street