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Rita Geoppner

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

$ 875,000

Est. payment -/mo

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Active

144 Nottingham DR Forest City, NC 28043

18 Beds

9 Baths

6,883 SqFt

UPDATED:

07/09/2024 02:24 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 6,883 sqft

Price per Sqft $127

Subdivision Sherwood Forest

MLS Listing ID 4158718

Bedrooms 18

Full Baths 9

Abv Grd Liv Area 6,883

Year Built 1968

Lot Size 2.760 Acres

Acres 2.76

Property 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.

Location

State NC

County Rutherford

Zoning Comm

Interior

Heating Baseboard, Forced Air

Cooling Window Unit(s)

Fireplace false

Appliance Electric Cooktop, Electric Oven, Electric Water Heater

Exterior

Parking Type Circular Driveway, Parking Space(s)

Garage false

Building

Dwelling Type Site Built

Foundation Slab

Sewer Septic Installed

Water City

Structure Type Brick Full

New Construction false

Schools

Elementary Schools Unspecified

Middle Schools Unspecified

High Schools Unspecified

Others

Senior Community false

Special Listing Condition Subject to Lease, None

Listed by Jim Davis • NAI Allen Tate Beverly-Hanks Commercial • jdavis@naibeverly-hanks.com

Rita Geoppner

Agent | License ID: 283974

+1(704) 604-9165

Rita Geoppner

144 Nottingham DR Forest City, NC 28043

Key Details

Location

Interior

Exterior

Building

Schools

Others

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