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Details

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 FEATURES

Water Source : Community Well Sewer System : Septic Installed
Parking Features :
Lot Features : Cleared Road Surface Type : Asphalt
Heating : Electric
Construction Type : Site Built Construction Materials : Brick Partial Foundation Details: Slab
Laundry Features : Electric Dryer Hookup Appliances : Electric Cooktop Flooring : Carpet

PROPERTY DETAILS

Street Address: Farmside Drive
City: Forest City
State: North Carolina
Postal Code: 28043
County: Rutherford
MLS Number: 4149916
Year Built: 1980
Courtesy of Odean Keever & Associates, Inc.

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