Address
111, 114, 126 Farmside Drive Forest City, NC
Price
$ 925,000
Property Attributes
  • ID#3820681
  • TypeMulti-Family
  • CountyRUTHERFORD
  • CityForest City
  • AreaRutherford County
  • Zip28043
  • StyleTraditional
  • Price$ 925,000
  • Bedrooms22
  • Full Bathrooms14
  • Half Bathrooms0
  • Sqr Footage10910
  • Lot Size2.31 Acres
Listing Provided Courtesy Of:
Realty Dynamics Inc.
Data Source:
Canopy MLS
Property Description

Great Investment Opportunity. 3 Building apartment complex with 14 units on 2.31 acres. 100% Occupancy -very little turnover with many having been there for multiple years. 8 Units (two bedroom/1 full bath units), and 6 Units (1 bedroom/1 full bath). Great location with quick access to Rutherfordton and Forest City. 2 wells on the property provide water to all units with seller only responsible for electric for the well pump. Units have been well maintained and updated when possible. Full rent is $5850 per month/$70,200 per year. Rents being raised as units turnover. All units are 1 level and have plenty of parking out front. Metal roof on all three buildings and partial brick siding bring a low maintenance exterior. Close to Isothermal Community College and the Tryon International Equestrian Center. Don't miss out.

Elementary School Middle School High School
Unspecified Elementary School Unspecified Middle School Unspecified High School
Price History
1/14/2022 Listed $925,000

General Features

Accessibility Two or More Access Exits
Appliances Electric Cooktop, Electric Oven, Electric Range, Oven, Refrigerator
Architectural Style Traditional
Car Hoasubjectto None
City Forest City
Construction Materials Brick Partial, Shingle Siding, Wood Siding
Construction Type Site Built
County Rutherford
Directions From Rutherfordton take Highway 74-A to right on Oakland Road
Elementary School Unspecified
Flooring Carpet, Vinyl
HLA Area 10910
Heating Central, Heat Pump, Heat Pump, Wall Unit(s)
High School Unspecified
Middle/Junior High School Unspecified
New Construction No
Pets Allowed Conditional
Property Features Cable Available, Range/Oven, Refrigerator
Property SubType Multi-Family
Property Type Residential Income
Rent Includes Exterior Maintenance, Water
Sewer Septic Installed
Standard Status Active
Street Name Farmside
Structure Type Apartments
Subdivision Name None
TaxAssessedValue 307300
Tenant Pays Cable TV, Electric Heat, Electricity, Garbage Pick-up, All Utilities, All except water
Total Units 14
Waterfront Features None
Year Built 1979
Zoning Description Apartmen

Interior Features

Fireplace Y/N No
Full Baths 14
Laundry Features Other
Living Area 10910
Street Suffix Drive
Total Bedrooms 22
Water Heater Electric

Exterior Features

Building Area Total 10910
Foundation Details Slab
Lot Dimensions IRREGULAR
Lot Features Cleared, Level, Paved
Lot Size Area 2.31
Main Level Garage YN No
Parking Features Parking Lot
Road Responsibility Private Maintained Road
Road Surface Type None
Water Source Well

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 28043

Price
AVG $930K
$930K
Visits
AVG 2
2
Year Built
AVG 1979
1979

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