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Property Description

A great multifamily value add opportunity! The sale includes both 144 Nottingham Dr. with a total of five units and 110 Evergreen Ln. with a total of four units. Both properties also include a second parcel with the potential opportunity to expand or build additional structures. Two units at each property have been partially renovated. There is significant potential for rent growth by renovating the five non-updated units or by doing a complete renovation on all units. Additionally, the non-updated units have purposely been rented on a month-to-month basis to allow a new owner an easy transition for renovations. All other units currently have yearly leases. Reach out to the listing brokers for more details on in-place financials and projected pro forma. Buyer responsible for confirming all unit conditions, mechanical details, and other items of importance prior to closing as the ownership is not local and makes no representation.

Features
Septic Installed
Appliances
Address Map
USA
NC
Rutherford
Forest City
Sherwood Forest
28043
Sherwood Forest
Nottingham
144
Drive
0
W82° 6' 42.1''
N35° 19' 24.6''
Sw
E
Additional Information
0
426447
MLS Information
NAI Allen Tate Beverly-Hanks Commercial
CARNCM100510
Jim Davis
CARjames
CARpsjohnson
330-718-3311

Residential Income For Sale

144 Nottingham Drive, Forest City, North Carolina 28043

18 Bedrooms
0 Bathrooms
6,883 Sqft
$875,000
Listing ID #CAR4158718
Basic Details
Property Type : Residential Income
Property SubType : Apartment
Listing Type : For Sale
Listing ID : CAR4158718
Price : $875,000
Bedrooms : 18
Bathrooms : 0
Full Bathrooms : 9
Half Bathrooms : 0
Square Footage : 6,883 Sqft
Year Built : 1968
Lot Area : 0 Acre
Lot Size SqFt : 0 Sqft
Status : Active
MLS Status : Active
Days On Market : 1
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Agent info
Butch Austin
Contact Agent
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