$605,000
$498,000
21.5%For more information regarding the value of a property, please contact us for a free consultation.
28 Beds
14 Baths
2.2 Acres Lot
SOLD DATE : 05/04/2023
Key Details
Sold Price $605,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4015197
Sold Date 05/04/23
Style Ranch
Bedrooms 28
Full Baths 14
Year Built 1974
Lot Size 2.200 Acres
Acres 2.2
Property Description
HIDDEN TREASURE IN THE FANTASTIC AND GROWING OLD FORT CITY LIMITS! Excellent opportunity to own a income producing property. With some much needed repairs and/or updates, the potential for increased profitability is high. Current rent ($350-$450) is well below current rent rates for this area.
Property is being sold "AS IS" "WHERE IS".
All units sold together! Units are individually metered so tenants pay for electric and water. All units are 2 bedroom/1 bath. No appliances are included in the units. There is a hookup for a stacked washer and dryer.
Tenants use window ac units for cooling. Units are equipped with baseboard heat except for the ones being renovated. Those are planned for mini-split systems.
2 Units are in the process of being updated with new flooring, paint, etc
4 Units are currently rented (month to month)
1 Unit is being used as an office space
7 Units are empty
Location
State NC
County Mcdowell
Zoning Res
Interior
Heating Baseboard
Cooling None
Flooring Laminate
Fireplace false
Appliance None
Exterior
Utilities Available Cable Available, Electricity Connected
Waterfront Description None
View Mountain(s)
Roof Type Shingle
Parking Type Circular Driveway, Parking Space(s), Shared Driveway, Other - See Remarks
Garage false
Building
Lot Description Paved
Foundation Crawl Space
Sewer Public Sewer
Water City
Architectural Style Ranch
Structure Type Hardboard Siding, Wood
New Construction false
Schools
Elementary Schools Old Fort
Middle Schools West Mcdowell
High Schools Mcdowell
Others
Senior Community false
Restrictions Manufactured Home Not Allowed
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with Katie Rice • Keller Williams Professionals