114, 111, 126 Farmside Drive
Forest City, NC 28043
10910 sqft | 22 beds | 14 baths | #4149916
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.
Property Details
- AppliancesElectric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Refrigerator
- CoolingCentral Air, Electric, Heat Pump
- Cooling FeaturesCentral Air, Electric, Heat Pump
- Utility FeaturesElectricity Connected
- Parking FeaturesParking Space(s)
- Sewer InformationSeptic Installed
- Lot FeaturesCleared, Level
- Lot DescriptionCleared, Level
- Utility SourceCommunity Well
- Property TypeMulti-Family
- RoofComposition
- Elementary SchoolUnspecified
- Middle SchoolUnspecified
- High SchoolUnspecified
- CountyRutherford
- Original List Price$1,580,000
- Property SubtypeApartment
- MLS #4149916
- Cost1580000
- Parcel Number1215538
- MLS #4149916
- Square Feet10910
- Year Built1980
- FoundationSlab
- Days on Market (Cumulative)194
- Bedrooms22
- Bathrooms14
- Full Baths14
Location
Legal
Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 2024-12-04 21:26:03. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Last Updated: . Source: CANOPY
Listing Courtesy
Listing Agent: Barbara Keever (#CAR572500033)
Listing Office: Odean Keever & Associates, Inc. (#CARNCM17940)
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