Alice Johnson - Coldwell Banker Triad
230 Standard St
Elkin, NC 28621

$119,900

Description

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.

Details

MLS#755084
Sub-TypeResale
StatusActive
Year1981
Days On Site856

Features

SQ Feet2,790
Story(s)0
ZoningNA

Market Activity 28621

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Area Information

StateNC
CountySurry
CityElkin
Zip Code28621
AreaSurry
Listing VS Median (in 28621)
Price:
$119,900
low | high
Med:
$112,450
56.213511259383% of Average
SqFt:
2,790
low | high
Med:
870
100% of Average
$ / SqFt:
$43
low | high
Med:
$33
73.170889534383% of Average
On Site:
856
low | high
Med:
368
100% of Average
Listing Updated: 09/22/2018
MLS Number: 755084
Listing Provided By:
Robert Ball  of  Underdown Ball Associates LLC