New Listing
$127.12 Per Sq Foot $4,564 est/mo Sourced by Back At You

144 Nottingham Drive,Forest City, NC 28043

Forest City NC, 28043

Share with a friend

Description

A great multifamily value add opportunity! The sale includes both 144 Nottingham Dr. with a total of five units and 110 Evergreen Ln. with a total of four units. Both properties also include a second parcel with the potential opportunity to expand or build additional structures. Two units at each property have been partially renovated. There is significant potential for rent growth by renovating the five non-updated units or by doing a complete renovation on all units. Additionally, the non-updated units have purposely been rented on a month-to-month basis to allow a new owner an easy transition for renovations. All other units currently have yearly leases. Reach out to the listing brokers for more details on in-place financials and projected pro forma. Buyer responsible for confirming all unit conditions, mechanical details, and other items of importance prior to closing as the ownership is not local and makes no representation.

Details

MLS#4159310
Listing TypeFor Sale
StyleSpecial Purpose
Sub-TypeResale
StatusActive
Year1968
Days On Site3
Listing Provided ByNAI Allen Tate Beverly-Hanks Commercial | Jim Davis
Buying Commision3%

Features

N/A6,883
Story(s)1
Units9
Building(s)2
Acreage2.76

Market Activity 28043

 Listings courtesy of Canopy Realtor® Association as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of July 12, 2024 at 8:56:41 PM PDT 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.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.

“The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Request a showing

Request a showing

Loading Form
Listings Checked: 1 minute ago

Contact

Learn More About This Property

StateNC
CountyRutherford
CityForest City
Zip Code28043
AreaRutherford
Listing VS Median (in 28043)
Price:
$875,000
low | high
Med:
$245,000
100% of Average
SqFt:
6,883
low | high
Med:
1,731
100% of Average
$ / SqFt:
$127
low | high
Med:
$142
38.663200462161% of Average
On Site:
3
low | high
Med:
93.000000
3.225806451613% of Average
Sourced by Back At You
Listing Updated: July 9, 2024 at 2:07:47 PM PDT
Real Estate Links Our Domains