155 Old Fort Rd, Fairview, North Carolina, United States

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Home For Sale

$879,000

155 Old Fort Rd
Fairview, North Carolina, United States

8bd 4.5ba

Listed By: Realtyww Info

Listed On: 08/09/2024

Listing ID: GL11673319 View More Details

Description

Immerse yourself in a unique investment opportunity with this immaculately maintained 4-unit townhouse condominium complex. Perfectly situated in the picturesque community of Fairview, NC, this property promises not only a solid return on investment with a 7% cap rate at current rents and up to 9.3% at market rents but also significant room for expansion and development. Each unit has living room, kitchen, half bath, 1-car garage and laundry room on main level; 2 bedrooms 1 full bath upstairs. Unit 2 has been recently renovated with new kitchen appliances, cabinets and countertops. Each unit is designed for comfort with individual heat pumps for heating and AC, underground utilities, and maintenance-free living, from gutters to exterior paint. New well pump and water filtration system. Huge level 2.65 acre lot with Cabernet Sauvignon grape vineyard on site! Potential for development such as organic farm, vineyard expansion, mini storage, pavilion, barn, horses or livestock.

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Listed by: Justin Grogan