• Asking Price $1,580,000
  • 114,111,126 Farmside Drive Forest City, NC 28043

  • 10,910 SqFt
  • Multi-family (2-4 units) / Resale (MLS)

Property Details for 114,111,126 Farmside Drive, Forest City, NC 28043

Features

  • Price/sqft: $144
  • Total Units: 14
  • Total Rooms: 10
  • Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
  • Heating: Heat Pump

Facts

  • Year Built: 01/01/1980
  • Property ID: 891306997
  • MLS Number: 4149916
  • Property Type: Multi-family (2-4 units)
  • County: RUTHERFORD
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 14 units, 3 building apartment complex. 100% occupied. 8 units are 2 BR/1 bath and 6 units are 1 BR/1BA. Metal roof is approximately 10 years old. Many upgrades which include updated plumbing, electrical, heat pump/central air in the 2 BR units and central heat new in the 1 BR units with window units, hot water heaters. Two community wells on the property and owners say water flow and supply are good. Current rent roll is $8430 per month/ $101,160 per year. Two units are not on the rent roll due to the owner retaining those for her employees and she rents the 2 BR at $650 and the 1 BR for $550 (same as all other tenants). Termite Warranty. Water is supplied by two community wells and owners provide electricity for the water.

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Property Brokerage: Odean Keever & Associates Forest City Office 901 Railroad Ave Rutherfordton NC 28139
Copyright © 2024 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.



All information provided is deemed reliable, but is not guaranteed and should be independently verified.