40 Beds

15 Full baths

n/a SqFt


PORTFOLIO of 15 homes for sale in Rutherford County, located approximately 1 hour from Asheville and 1.5 hours from Charlotte. Includes 9 homes in Forest City, 3 in Spindale, 2 in Rutherfordton, and 1 in Union Mills. SOLD AS A PACKAGE ONLY! Properties are sold AS IS! DO NOT DISTURB TENANTS! Most of the homes have 3 bedrooms and 1 bath. The seller recently invested over $100K in improvements to most of the homes in the portfolio, including new roofs, painting, HVAC, fixtures, flooring, etc. As of 4/5/23, all units are occupied. Viewings will need to be arranged after an offer is accepted. Most tenants have been long term. None of these units have remained vacant for long and calls are received almost daily on availability!

Property Details
Price $1,650,000
Bedrooms 40
Full Baths 15
Half Baths 2
Lot Size Area 7.22
Lot Size Area Units Acres
Property Type MultiFamily
MLS Sub type Eightplex+
Year Built 1920
Subdivision None
Heating None
Foundation None
Laundry Features None
Parking Description Driveway
Geographic Data
County Rutherford
Latitude 35.340833
Longitude -81.863038
Address Information
Address 355 Cherry Mountain Street, Forest City, NC 28043
Postal Code 28043
City Forest City
State NC
Country United States
Listing Information
Listing Office Keller Williams South Park
Listing Office Phone 704-602-0400
Listing Agent Kevin Falls
Listing Agent Phone 980-288-9545
Special listing conditions Subject to Lease
Terms Cash, Conventional
School Information
Elementary School Unspecified
Middle School Unspecified
High School Unspecified
MLS Information
Days on market 6
MLS Status Active
Listing Date Apr 5, 2023
Listing Last Modified Apr 11, 2023
Tax ID 425288
MLS # CAR4019294

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This information is believed to be accurate, but without any warranty.