$ 875,000
144 Nottingham DR Forest City, NC 28043
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 875,000
Est. payment /mo
Active
144 Nottingham DR Forest City, NC 28043
2.76 Acres Lot
UPDATED:
07/09/2024 05:43 PM
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4159310
Year Built 1968
Lot Size 2.760 Acres
Acres 2.76
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.
Location
State NC
County Rutherford
Zoning Comm
Interior
Heating Baseboard, Forced Air
Cooling Window Unit(s)
Inclusions Building, Land
Appliance Electric Cooktop, Electric Oven, Electric Water Heater
Building
Dwelling Type Site Built
Foundation Slab
Sewer Septic Installed
Water City
Structure Type Brick Full
New Construction false
Others
Senior Community false
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Special Listing Condition Subject to Lease, None
© 2024 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Listed by Jim Davis • NAI Allen Tate Beverly-Hanks Commercial • jdavis@naibeverly-hanks.com