22 Beds
14 Full baths
10,910 SqFt
Active
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.
Property Details | ||
|---|---|---|
| Price | $1,580,000 | |
| Bedrooms | 22 | |
| Full Baths | 14 | |
| Half Baths | 0 | |
| Lot Size Area | 2.31 | |
| Lot Size Area Units | Acres | |
| Property Type | MultiFamily | |
| Sub type | Apartment | |
| MLS Sub type | Apartment | |
| Stories | 1 | |
| Year Built | 1980 | |
| Subdivision | None | |
| Roof | Composition | |
| Heating | Electric, Heat Pump | |
| Foundation | Slab | |
| Lot Description | Cleared, Level | |
| Laundry Features | Electric Dryer Hookup, Inside, Washer Hookup | |
| Parking Description | Parking Space(s) | |
Geographic Data | ||
| Directions | Hwy. 74A to Oakland Road exit. Bear right onto Crowe Dairy Road. Property will be on the left - Farmside Drive. | |
| County | Rutherford | |
| Latitude | 35.324898 | |
| Longitude | -81.921115 | |
Address Information | ||
| Address | 114, 111, 126 Farmside Drive, Forest City, NC 28043 | |
| Postal Code | 28043 | |
| City | Forest City | |
| State | NC | |
| Country | United States | |
Listing Information | ||
| Listing Office | Odean Keever & Associates, Inc. | |
| Listing Office Phone | 828-286-1311 | |
| Listing Agent | Barbara Keever | |
| Listing Agent Phone | 828-429-0771 | |
| Sub Agency Compensation Type | % | |
| Buyer Agency Compensation | 2 | |
| Attribution Contact | barbkeever@gmail.com | |
| Sub Agency Compensation | 0 | |
| Buyer Agency Compensation Type | % | |
| Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
| Special listing conditions | None | |
| Terms | Cash, Conventional | |
School Information | ||
| Elementary School | Unspecified | |
| Middle School | Unspecified | |
| High School | Unspecified | |
MLS Information | ||
| Days on market | 1 | |
| MLS Status | Active | |
| Listing Date | Jun 11, 2024 | |
| Listing Last Modified | Jun 12, 2024 | |
| Tax ID | 1215538 | |
| MLS # | CAR4149916 | |
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This information is believed to be accurate, but without any warranty.
