818 W Main ST Elkin, NC 28621

Investment opportunity on W Main St. near Historic downtown Elkin. This quadplex contains 4 completely renovated two bedroom, one bath apartments completed in 2019. All four apartments are currently rented. Each apartment measures just under 920SF, building features a common hallway leading to two apartments on the second level, two apartments on the main level and a full-size basement on the lower level. Tenants enjoy new recessed lighting, new flooring, remodeled kitchen w/ new appliances, updated baths, laundry closet. Each apartment has a back door leading to metal fire escape and the backyard. The exterior is comprised of brick for lower maintenance. Additional storage is in the unfinished basement. Located in the heart of the Yadkin Valley, and within walking distance to Elkin Municipal Park, Yadkin River, Mountains-to-Sea Trail, top-rated Elkin City Schools, Elkin Library. Easy walk to Historic Downtown Elkin. Using market rent & NOI of $35,252=a cap rate of 7.35%