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Rita Geoppner

rita.geoppner@gmail.com +1(704) 604-9165

$ 1,580,000

Est. payment -/mo

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Active

114, 111, 126 Farmside DR Forest City, NC 28043

22 Beds

14 Baths

10,910 SqFt

UPDATED:

06/12/2024 03:01 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 10,910 sqft

Price per Sqft $144

MLS Listing ID 4149916

Bedrooms 22

Full Baths 14

Abv Grd Liv Area 10,910

Year Built 1980

Lot Size 2.310 Acres

Acres 2.31

Property 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.

Location

State NC

County Rutherford

Zoning A31L

Interior

Heating Electric, Heat Pump

Cooling Central Air, Electric, Heat Pump

Flooring Carpet, Laminate, Linoleum, Vinyl

Fireplace false

Appliance Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Refrigerator

Exterior

Utilities Available Electricity Connected

Roof Type Composition

Parking Type Parking Space(s)

Garage false

Building

Lot Description Cleared, Level

Dwelling Type Site Built

Foundation Slab

Sewer Septic Installed

Water Community Well

Structure Type Brick Partial

New Construction false

Schools

Elementary Schools Unspecified

Middle Schools Unspecified

High Schools Unspecified

Others

Senior Community false

Restrictions No Representation

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by Barbara Keever • Odean Keever & Associates, Inc. • barbkeever@gmail.com

Rita Geoppner

Agent | License ID: 283974

+1(704) 604-9165

Rita Geoppner

114, 111, 126 Farmside DR Forest City, NC 28043

Key Details

Location

Interior

Exterior

Building

Schools

Others

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