BEDS5
BATHS3 full 2 partial
SQUARE FEET2,188
MLS#4373518
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Discover a rare income-producing opportunity with this charming triplex located at 1212 W Monroe Street in Salisbury, NC. This value-driven multifamily property is already structured for success with three separate units?featuring a mix of 2-bedroom and 1-bedroom layouts?making it perfectly positioned to generate multiple streams of rental income from day one.Currently undergoing renovations, this property presents a powerful advantage for savvy investors who understand the upside of buying during transformation. As improvements continue, the potential for increased rental rates, forced appreciation, and long-term equity growth becomes even more compelling. Imagine securing a property before its full value is realized?this is where strategic investors win.The exterior showcases a classic design with a welcoming covered front porch, while the interior layout offers functional living spaces ideal for tenants seeking comfort and convenience. With approximately 2,188 heated square feet and additional basement space, there is room to enhance value even further.Positioned on a .23-acre lot with city water and sewer, and located near local amenities, this property benefits from both accessibility and demand. Even more appealing?all utilities are currently owner-paid, offering flexibility to restructure expenses and maximize ROI.Whether you're looking to house hack, expand your rental portfolio, or secure a cash-flowing asset in a growing market, this property checks all the boxes. Opportunities like this?where timing, value, and potential intersect?don't stay available for long.Act now to capitalize on this renovation-stage investment before it reaches full market potential.
Property Features
Property Type: Multi Unit - Multiple
Basement: Apartment
Basement: Yes
Heating: Heat Pump
Lot Size: 0.23 Acres
Year Built: 1900
Feature Descriptions
Appliances: None
Community Features: None
Days on Site: 43
Exterior: Vinyl
Foundation: Basement
Laundry: Laundry Closet
Parcel#: 008082
Parking: Driveway, On Street
Pets Allowed: Yes
Sewer: Public Sewer
Units: 3
Water: City
Local Schools
High School: Unspecified
Middle School: Knox
Elementary School: Isenberg
Listed By / Shown By
Listed By
Agency Name: Lifestyle International Realty
Agency Contact: scottbauknight.realtor@gmail.com
Shown By
Agent Name: Ed Cashwell CRS | GRI | CRS
Agent Phone: Cell: (980) 808-9658
Agency Title: Lake Norman Realty
Estimate Your Payment
Estimated Payment
$ 0.00 per month $0.00 Principal & Interest $0.00 Property Tax (data not provided by mls) $0.00 Homeowner's InsuranceChange Payment Information
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1212 W Monroe Street | MLS# 4373518
This multi-family property located at 1212 W Monroe Street, Salisbury, NC 28144 is currently listed for sale with an asking price of call for price. Search Salisbury real estate on edc.lakenormanrealty.com today.