This versatile property features both residential and commercial units, offering multiple streams of income and strong repositioning potential for value-add investors. Situated in the heart of downtown Yadkinville, the property enjoys proximity to local amenities, like schools, restaurants, shops, and government services, as well as easy access to major traffic routes, providing strong visibility and convenience for commercial use. The property presents a unique value-add opportunity: with renovations and strategic updates, rents across all units stand to increase significantly, unlocking major cash flow and long-term equity growth.
PROPERTY DETAILS
- Zoning: TZ (Transitional Zoning) – Residential uses and low-impact commercial uses
PROPERTY OVERVIEW
Total Units: 5
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The entire property will be delivered vacant
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The property requires significant renovation throughout the entire building.
3 Residential Units
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Unit 1: 1BR/1BA – Occupied, paying $500/month (month-to-month)
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Unit 2: 1BR/1BA – Occupied by owner’s son, not paying rent
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Unit 3: 2BR/2BA – Vacant
2 Commercial Units
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Unit 1: Barbershop – Rented for $450/month, month-to-month, includes 1 half bath
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Unit 2: Used as storage – Vacant
RENOVATION POTENTIAL UPSIDE
Projected monthly rent after renovation: $4,400
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Residential rent potential:
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(2) 1BR/1BA units: $750 each
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(1) 2BR/2BA unit: $900
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Commercial rent potential:
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Barbershop (occupied): $1,000/month
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Vacant commercial space: If repurposed or renovated for retail/office, could generate $1,000/month.
Total projected annual gross income: $52,800