$675,000
SOLD OCT 27, 2025

227 Mitchell Ave Salisbury, NC 28144

-- Bed
-- Bath
1,000 Sq Ft
0.32 Acres

Recently Sold

$675 Per Sq Ft

10% Below List Price

190 Days on Market

Highlights

  • Corner Lot
  • Detached Carport Space
  • Central Air
  • No HOA

About This Home

As of October 2025

Six unit apartment building centrally located in Salisbury, NC. Each unit is one bed and one bath with four of the units measuring 1037 square feet and the other two coming out to 718 square feet. The complex is 100% occupied and is a great opportunity for potential investors. Please see attached documents for more information! BRAND NEW ROOF JUST INSTALLED! Financials available upon request!

Last Agent to Sell the Property

Cathy Griffin

Century 21 Towne & Country License #187850 Listed on: 03/05/2025

Century 21 Towne & Country

Last Buyer's Agent

NONMEMBER NONMEMBER

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,351

Year Built

  • Built in 1945

Lot Details

  • 0.32 Acre Lot
  • Corner Lot
  • Level Lot

Parking

  • 4 Car Garage
  • Detached Carport Space

Home Design

  • Brick Exterior Construction

Laundry

  • Washer and Dryer Hookup

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number 014165
  • 1% Total Tax Rate

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • 6 Leased Units

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,351

Year Built

Built in 1945

Lot Details

0

Parking

4

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.32
  • Directions: Turn right off of Fulton Street in Salisbury onto Mitchell Avenue and stay on Mitchell for roughly a mile before you reach 227 Mitchell Avenue on the left.
  • Year Built: 1945
  • Idx Status: Sold
  • TRIADMLS_CityLimitsYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_LandDescription: Corner, Flat
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Basement YN: Yes
  • Basement YN: Yes

Exterior Features

  • Lot Features: City Lot, Corner Lot, Level
  • Pool Features: None
  • Construction Type: Brick
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Garage Spaces: 4
  • Parking Features: Carport, Detached Carport
  • Garage Description: Detached Carport

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Washer/Dryer Connection
  • Cooling: Central Air
  • Heating: Heat Pump, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Natural Gas
  • Water Heater: Gas

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 014165
  • Zoning: HR

Multi Family

  • Number Of Units In Community: 6
  • Number Of Units Total: 6
  • Number Of Units Leased: 6

Tax Info

  • Tax Annual Amount: 5350.94
  • Tax Year: 2024
  • TRIADMLS_TaxRate: 1.16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2025
Closed on
Oct 27, 2025
Sold by
Blair-Mitchell Properties Llc
Bought by
Rad Property Group Llc
Seller's Agent
Cathy Griffin
Century 21 Towne & Country
Buyer's Agent
NONMEMBER NONMEMBER
List Price
$750,000
Sold Price
$675,000
Premium/Discount to List
-$75,000
-10%
Views
213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,250
Outstanding Balance
$506,250
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2005
Sold by
Timberlake Properties Llc
Bought by
Blair Mitchell Properties Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $675,000 None Listed On Document
Warranty Deed $153,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $506,250 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2025 10/27/25 Sold $675,000 -10.0% $675 / Sq Ft
09/11/2025 09/11/25 Pending -- -- --
08/19/2025 08/19/25 For Sale $750,000 0.0% $750 / Sq Ft
06/16/2025 06/16/25 Pending -- -- --
03/05/2025 03/05/25 For Sale $750,000 -- $750 / Sq Ft
Source: Triad MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,140 $429,794 $35,280 $394,514
2024 $5,140 $429,794 $35,280 $394,514
2023 $5,140 $429,794 $35,280 $394,514
2022 $3,845 $279,241 $29,400 $249,841
2021 $3,845 $279,241 $29,400 $249,841
2020 $3,845 $279,241 $29,400 $249,841
2019 $3,845 $279,241 $29,400 $249,841
2018 $3,579 $263,375 $29,400 $233,975
2017 $3,560 $263,375 $29,400 $233,975
2016 $3,462 $263,375 $29,400 $233,975
2015 $3,483 $263,375 $29,400 $233,975
2014 $3,494 $267,347 $27,440 $239,907
Source: Public Records

Agents Affiliated with this Home

  • Cathy Griffin

    Seller's Agent in 2025

    Cathy Griffin

    Century 21 Towne & Country

    (704) 213-2464

    178 in this area

    532 Total Sales

    Cathy Griffin
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Map

Source: Triad MLS

MLS Number: 1172382

Triad MLS

APN: 014-165

North Carolina Rowan County Salisbury 28144

227 Mitchell Ave, Salisbury, NC

Sold

MultiFamily

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