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1600 S Scales St

10 Unit Apartment Building $904,900 ($90,490/Unit) Reidsville, NC 27320

INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

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!

PROPERTY FACTS

Price $904,900
Price Per Unit $90,490
Sale Type Investment
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class C
Lot Size 0.61 AC
Building Size 5,500 SF
No. Stories 1
Year Built 1981

UNIT AMENITIES

  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Smoke Free
  • Smoke Detector

ZONING

Zoning Code R12RD (Residential)
R12RD (Residential)
  • Listing ID: 34662252

  • Date on Market: 1/30/2025

  • Last Updated:

  • Address: 1600 S Scales St, Reidsville, NC 27320

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