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114, 111, 126 Farmside Drive

Forest City, NC 28043

$1,580,000

  • 22
    Beds
  • 14
    Baths
  • 0
    Half Baths
  • 2.31
    Acres

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.

Listed By: Odean Keever & Associates, Inc.
Status: Active
Attribution: [email protected]

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