Multifamily Housing
410 South Ayersville Road Mayodan, NC 27027
Details & Description
Price: $1,400,000
    Marcus and Millichap is pleased to present the Maple Ridge Apartments in Mayodan, NC. This is a multifamily opportunity consists of 28 units with a mix of one-bedroom, two-bedroom, and three-bedroom units. The complex was constructed in 1991 of brick veneer and is situated on 1.77+/- acres. The property has central heating & air, and the utilities are separately metered for both water and electricity. Tenants are responsible for all utilities. For convenience and additional cashflow, there are also storage units for each unit that could be updated and rented as well. This property offers amenities such as a laundry facility for the convenience of the residents, that is contracted and managed by a third party. Currently the rents range from $385 to $725. This opportunity offers new ownership the ability to stabilize the rents at market rate and take advantage of the growth of the Triad which will increase revenue and maximize profits. The Maple Ridge Apartments are conveniently located only 35 Miles from Greensboro, NC, 32 Miles to Winston Salem, NC and 36 Miles to High Point, NC. Mayodan’s major retailers include Lowe’s Home Improvement and Walmart Supercenter. Popular activities in Mayodan include camping, hiking, and fishing. The two most popular parks are Farris Memorial Park and Mayo River State Park. Mayodan is a great place for tenants looking for low cost of living with close proximity to the Downtown Greensboro and ability to enjoy the outdoors.
    Property Highlights
    Additional Photos
    Listing Agents
    Nate McDaniel

    O: 704-831-4638
    nate.mcdaniel@marcusmillichap.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    410 South Ayersville Road

    Mayodan, NC 27027

    Listing ID: 275908
    • 410 South Ayersville Road Mayodan, NC 27027 | for Sale | Photo 1
    • 410 South Ayersville Road Mayodan, NC 27027 | for Sale | Photo 2
    • 410 South Ayersville Road Mayodan, NC 27027 | for Sale | Photo 3
    • 410 South Ayersville Road Mayodan, NC 27027 | for Sale | Photo 4
    410 South Ayersville Road | for Sale | Thumbnail 1
    410 South Ayersville Road | for Sale | Thumbnail 2
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    410 South Ayersville Road | for Sale | Thumbnail 4
    Building Size: 17,325 SF
    Lot Size: 1.770 AC
    Land Size: 77,101 SF
    Building $/SF: $80.81
    Land $/SF: $18.16
    Price
    $1,400,000
    Property Highlights
    Ability to Increase Rent Immediately
    Storage Units for All Units
    Priced Under $60,000 a Unit
    Description

    Marcus and Millichap is pleased to present the Maple Ridge Apartments in Mayodan, NC. This is a multifamily opportunity consists of 28 units with a mix of one-bedroom, two-bedroom, and three-bedroom units. The complex was constructed in 1991 of brick veneer and is situated on 1.77+/- acres. The property has central heating & air, and the utilities are separately metered for both water and electricity. Tenants are responsible for all utilities. For convenience and additional cashflow, there are also storage units for each unit that could be updated and rented as well. This property offers amenities such as a laundry facility for the convenience of the residents, that is contracted and managed by a third party. Currently the rents range from $385 to $725. This opportunity offers new ownership the ability to stabilize the rents at market rate and take advantage of the growth of the Triad which will increase revenue and maximize profits. The Maple Ridge Apartments are conveniently located only 35 Miles from Greensboro, NC, 32 Miles to Winston Salem, NC and 36 Miles to High Point, NC. Mayodan’s major retailers include Lowe’s Home Improvement and Walmart Supercenter. Popular activities in Mayodan include camping, hiking, and fishing. The two most popular parks are Farris Memorial Park and Mayo River State Park. Mayodan is a great place for tenants looking for low cost of living with close proximity to the Downtown Greensboro and ability to enjoy the outdoors.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     

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    Mayodan Area Market Trends

    Listing Demographics for 410 South Ayersville Road Mayodan, NC 27027

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

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    Common Questions and Answers

    What is the asking price for 410 South Ayersville Road in Mayodan?
    The asking price for 410 South Ayersville Road is $1,400,000
    What is the building size of this Multifamily property in Mayodan, NC?
    The size of the building/unit at 410 South Ayersville Road in Mayodan is 17,325 square feet
    How much land does the Mayodan, NC property at 410 South Ayersville Road include?
    410 South Ayersville Road in Mayodan includes 1.770 acres of land
    What is the population within 1 mile of 410 South Ayersville Road in Mayodan?
    The population within 1 mile of 410 South Ayersville Road Mayodan, NC 27027 is 2,611 people.
    Who do I contact for questions about 410 South Ayersville Road?
    You should contact the listing agent, Nate McDaniel , for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi) Directions
    Piedmont Triad International Airport (GSO) 22
    Roanoke–Blacksburg Regional Airport (ROA) 63
    Raleigh Durham International Airport (RDU) 76