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Home For Sale

Picture of Home For Sale in Forest City, North Carolina, United States

$1,580,000

114,111,126 Farmside Drive
Forest City, North Carolina, United States

22bd 14ba 10,910 sqft

Listed By: Homes & Land Magazine

Listed On: 09/26/2024

Listing ID: GL11960769 View More Details

Description

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.
Source: The World Property Journal

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