$119,900 230 Standard Street Elkin, NC

MLS: 755084   Type: Commercial   County: Surry   City: Elkin   Neighborhood: Ride W- Pride Carwas   Zip: 28621   Style: Investment  

Mortgage $563 /mo



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Reduced again! Motivated seller wants an offer. Jan-Nov 2016 gross income was $34,800 with 1 month left in year. 2015 Gross income was $33,939. Those numbers work for a strong investment. Take out 50% for expenses and you have a 13% Cap Rate! 7 bay self serve carwash built in the early 1980's. 3 vacuum islands, change machines, vending and carwash equip included with purchase. Natural gas for hot water. Reported gross income from owner over last 3 years has been in the low $30k.

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Price History

4/25/2015 Listed $185,000
6/24/2015 9% - $169,000
1/20/2016 12% - $149,000
5/18/2016 13% - $129,900
5/23/2017 8% - $119,900

Association Winston-Salem
Building Name Ride w/ Pride Carwas
Property Sub Type Investment

Exterior Features

Building Type Investment
Sewer Public
Water Availability Municipal On Site

Property Schools

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Property vs Zip Code Avg (28621)

Price 119K Avg 225K

Sqr Feet 2,790 Avg 1,015

Cost / Sqr Ft $43 Avg $222

Visits 17 Avg 82

Days on Site 550 Avg 704

Walkscore® 55 Avg 45

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Listing Provided Courtesy Of: Underdown, Ball & Associates, LLC

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Location & Address

eXp Realty North Carolina
3150 N Elm Street, Suite 201-B
Greensboro, NC