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111, 114, 126 Farmside Drive

Forest City, NC 28043
  • $925,000
  • STATUS: Active
  • ON SITE: 13 Days
  • ID#: 3820681
UPDATED: 40 min ago
$925,000
  • 22
    BEDS
  • 2.31
    ACRES
  • 14
    BATHS
  • 0
    1/2 BATHS
  • 10,910
    SQFT
  • $85
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1979
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Offered by Realty Dynamics Inc.. Copyright 2022 Canopy MLS. All rights reserved.

Description

Great Investment Opportunity. 3 Building apartment complex with 14 units on 2.31 acres. 100% Occupancy -very little turnover with many having been there for multiple years. 8 Units (two bedroom/1 full bath units), and 6 Units (1 bedroom/1 full bath). Great location with quick access to Rutherfordton and Forest City. 2 wells on the property provide water to all units with seller only responsible for electric for the well pump. Units have been well maintained and updated when possible. Full rent is $5850 per month/$70,200 per year. Rents being raised as units turnover. All units are 1 level and have plenty of parking out front. Metal roof on all three buildings and partial brick siding bring a low maintenance exterior. Close to Isothermal Community College and the Tryon International Equestrian Center. Don't miss out.

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Based on information submitted to the MLS GRID as of 2022-01-28T06:33:58.92 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Keller Williams Professionals nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2022 Canopy MLS.

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111, 114, 126 Farmside Drive Forest City, NC 28043

  • Price: $925,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 40 min ago
  • ID#: 3820681
22
Beds
14
Baths
0
½ Baths
2.31
Acres
10,910
SQFT
$85
$/SQFT
1979
Built
Neighborhood:
None
County:
Rutherford
Area:
Forest City
Elementary School:
Unspecified
Middle School:
Unspecified
High School:
Unspecified
Property Description
Great Investment Opportunity. 3 Building apartment complex with 14 units on 2.31 acres. 100% Occupancy -very little turnover with many having been there for multiple years. 8 Units (two bedroom/1 full bath units), and 6 Units (1 bedroom/1 full bath). Great location with quick access to Rutherfordton and Forest City. 2 wells on the property provide water to all units with seller only responsible for electric for the well pump. Units have been well maintained and updated when possible. Full rent is $5850 per month/$70,200 per year. Rents being raised as units turnover. All units are 1 level and have plenty of parking out front. Metal roof on all three buildings and partial brick siding bring a low maintenance exterior. Close to Isothermal Community College and the Tryon International Equestrian Center. Don't miss out.
Exterior Features

Architectural Style Traditional Construction Materials Brick PartialShingle SidingWood Siding Construction Type Site Built Foundation Details Slab Garage Square Footage 0 Lot Features ClearedLevelPaved Main Level Garage YN No Parking Features Parking Lot Road Responsibility Private Maintained Road Road Surface Type None Structure Type Apartments Waterfront Features None

Interior Features

Additional Square Footage 0 Appliances Electric CooktopElectric OvenElectric RangeOvenRefrigerator Below Grade Finished Area 0 Building Area Total 10910 Fireplace YN No Flooring CarpetVinyl Heating CentralHeat PumpHeat PumpWall Unit(S) Laundry Features Other Sq Ft Unheated Basement 0 Water Heater Electric

Property Features

Accessibility Features Two Or More Access Exits Assumable YN No CCRSubject To Undiscovered Hoa Subject To None HOASubject To Dues No Listing Agreement Exclusive Right To Sell Listing Terms CashConventional New Construction YN No Number Of Units Total 14 Pets Allowed Conditional Property Sub Type Multi-Family Sewer Septic Installed Special Listing Conditions None Tenant Pays Cable TvElectric HeatElectricityGarbage Pick-UpAll UtilitiesAll Except Water Water Source Well Zoning Description Apartmen



Based on information submitted to the MLS GRID as of 2022-01-28T06:33:58.92 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Keller Williams Professionals nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2022 Canopy MLS.

Digital Millennium Copyright Act
 
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Keller Williams Professionals
86 Asheland Avenue
Asheville NC, 28801
Offered by Realty Dynamics Inc.. Copyright 2022 Canopy MLS. All rights reserved.