Property Description
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.
Features
: Heat Pump, Electric
: Central Air, Heat Pump, Electric
: No
: Composition
: Parking Space(s)
: Carpet, Vinyl, Laminate, Linoleum
Septic Installed
: Level, Cleared
Appliances
: Electric Range, Refrigerator, Electric Oven, Electric Cooktop, Electric Water Heater
Address Map
US
NC
Rutherford
Forest City
None
28043
Farmside
114, 111, 126
Drive
0
W82° 4' 44''
N35° 19' 29.6''
Sw
E
Hwy. 74A to Oakland Road exit. Bear right onto Crowe Dairy Road. Property will be on the left - Farmside Drive.
Additional Information
: Cable Tv, All Except Water, Trash Collection, Internet
0
: Community Well
1215538
: Slab
A31L
MLS Information
Odean Keever & Associates, Inc.
NCM17940
Barbara Keever
572500033
828-429-0771
Residential Income For Sale
114, 111, 126 Farmside Drive, Forest City, North Carolina 28043
22 Bedrooms
14 Bathrooms
10,910 Sqft
$1,480,000
Listing ID #4149916
Basic Details
Property Type : Residential Income
Property SubType : Apartment
Listing Type : For Sale
Listing ID : 4149916
Price : $1,480,000
Bedrooms : 22
Bathrooms : 14
Full Bathrooms : 14
Half Bathrooms : 0
Square Footage : 10,910 Sqft
Year Built : 1980
Lot Area : 2.31 Acre
Lot Size SqFt : 0 Sqft
Status : Active
MLS Status : Active
Days On Market : 294
