100 S Kirkland Ave

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100 S Kirkland Ave

Elkin, NC 28621
Asking Price
$15.50M
Asset Type
Multifamily
Class
Class B

What's Special

100 S Kirkland Ave is located in the heart of Elkin, North Carolina, a community situated within the Yadkin Valley. The property sits in a mixed-use neighborhood characterized by its proximity to the historic downtown district and the Yadkin River. Residents have pedestrian access to local storefronts, dining, and municipal parks. The location is positioned near Highway 21 and Business overpass 67, providing direct vehicular connections to Interstate 77. This placement offers a balance of small-town residential character with access to regional employment hubs and local healthcare facilities. As a multifamily asset, this location is suited for long-term residential rental units. The proximity to downtown services and local industrial employers makes the property functional for workforce housing. Potential tenants typically include local professionals, small households, or individuals seeking proximity to Elkin’s commercial core and outdoor recreation areas. The layout and regional positioning support a tenant base looking for a central, walkable living environment with reliable access to major commuter routes throughout Surry and Wilkes counties.

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NOI
$80,000
Cap Rate
0.52%
DSCR
0.09
Underwater
Cash-on-Cash
-18.07%
Monthly Payment
$76,685.543
Annual Cash Flow
$-840,226.515

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