tomo logo

$299,900

Beds
4
Baths
4.0
sq ft
3,184

510 Piedmont Street, Reidsville, NC 27320

510 Piedmont Street

Reidsville, NC 27320

  • 301 days on market
Amazing opportunity to own a quadplex with an incredible rental history: Unit 1: $550 (Month-to-month); Unit 2: $525 (Month-to-month); Unit 3: $600 (Lease expires 10/31/2025); Unit 4: $600 (Lease expires 2/2026); New roof within the past year! New vinyl siding installed in early 2025! An amazing opportunity awaits the discerning investor buyer looking for a quadruplex with a great location. Home could certainly be converted back into a single family home again, if desired, but do note each unit is metered separately presently. All 4 units are rented to separate tenants so Buyers will need a LOI/POF to schedule a showing and plenty of advance notice. Monthly rental income is as follows

Details

Property type

Quadruplex

Est. home value

$102,110

Lot size

0.36 acres

Price per sq ft

$95

Year built

1937

Annual property taxes

$947.14

Price History

09/21/2024
TriangleMLS

TriangleMLS #10034000

Listed
$299,900
08/28/2024
TriangleMLS

TriangleMLS #10034000

Pending
$299,900
06/06/2024
TriangleMLS

TriangleMLS #10034000

Listed
$299,900
+361.38%

Schools & Community

Elementary school: 

Rockingham County Schools

Middle school: 

Rockingham County Schools

High school: 

Rockingham County Schools

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Carolina Bank

Loan start date

February 2018

Original loan amount

$108,750

Est. remaining balance

Not provided

Interest rate

3.46%

Loan type

Commercial

Seller

Andrews Porperties Of The Triad Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 04/03/2025 at 11:00 PM

Listing updated: 03/28/2025 at 1:21 PM

Listed by: Bryan Guarnieri, Coldwell Banker - HPW Phone #: (919) 960-6300

MLS: TriangleMLS #10034000

TriangleMLS logo

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