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Reidsville Multifamily Investment Opportunity

1404 & 1406 Front Street Reidsville, Reidsville, NC 27320

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For Sale

$795,000

Multifamily property with long-term tenants, generating consistent returns.

Type:Commercial

HighLights

Established investment property offered at $795,000.
Existing tenants provide immediate monthly income of $5,572.
Rent increase expected within 4‑9 months, extending leases to 2028 and 2030.
All‑brick building construction minimizes maintenance requirements.
Property consists of two units: 2547 sq ft and 1045 sq ft.
Built in 2001.

We can help!

Listing Contact

TERESA S. KNOWLES

For Sale

$795,000

Multifamily property with long-term tenants, generating consistent returns.

Type:Commercial

Added:: Jun 10, 2025
Days on Market:: 371
Last Refresh:: May 11 at 1:35 am

Property Features for 1404 & 1406 Front Street Reidsville

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 2001

We can help!

Listing Contact

TERESA S. KNOWLES

Listing agent TERESA S. KNOWLES License #169794

Listing office CENTURY 21 THE KNOWLES TEAM

Listing date Jun 10, 2025

Source Corcoran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 THE KNOWLES TEAM

HighLights

Established investment property offered at $795,000.
Existing tenants provide immediate monthly income of $5,572.
Rent increase expected within 4‑9 months, extending leases to 2028 and 2030.
All‑brick building construction minimizes maintenance requirements.
Property consists of two units: 2547 sq ft and 1045 sq ft.
Built in 2001.

Overview

This multifamily property, located on Front Street in Reidsville, North Carolina, presents an investment opportunity with tenants already in place. The all-brick building requires minimal maintenance. The property consists of two units: 1404 Front Street, which is 2547 square feet, and 1406 Front Street, which is 1045 square feet. The current monthly return is $5,572. The owner is responsible for utilities (electricity, water, and lawn maintenance), which total $800 per month, as well as annual taxes of $5,800 and insurance costs of $1,700 per year. A rent increase is expected within the next 4 to 9 months, extending leases to 2028 and 2030.

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Local Demand

City: Reidsville
County: Rockingham
State: North Carolina
Longitude: -79.6885
Latitude: 36.3298

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For sale
Duplexes
NC
Reidsville
27320
1404 & 1406 Front Street

What type of property is this?

Duplex - Multifamily property with long-term tenants, generating consistent returns.

Where is this duplex located?

The property is located at 1404 & 1406 Front Street Reidsville Reidsville, NC.

What is the asking price?

The asking price for this property is $795,000.

What are key features of this property?

This property features: Established investment property offered at $795,000.; Existing tenants provide immediate monthly income of $5,572.; Rent increase expected within 4‑9 months, extending leases to 2028 and 2030.