144 Nottingham Drive

Forest City, NC 28043

About this property

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.

Features and Additional Information

Schedule a Tour
It's free and no obligation

Schedule a Private Showing

$875,000 Active
6,883 SQFT

Presented By Coldwell Banker Advantage West

Agent Image
Get in touch today! Phone: 1-910-799-3435
Brokerage
NAI Allen Tate Beverly-Hanks Commercial
1-828-210-3940
Listed By Jim Davis
Brokerage: NAI Allen Tate Beverly-Hanks Commercial

Schedule a Private Showing

It's free and no obligation

Have Questions? Contact
Coldwell Banker Advantage West

Real Estate Links Our Domains