Town & Mountain Realty

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114, 111, 126 Farmside DriveForest City, NC 28043Price: $1,580,000

  • Price: $1,580,000
  • Est. Mortgage of $/month
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Federal 30-year interest rate: 6.77% last updated on Jul 18, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,580,000List Price
  • 22Bedrooms
  • 14Full Bath
  • 2.31Acreage
  • 10,910Square Feet
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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.

Property Details of 114, 111, 126 Farmside Drive

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Listed by Barbara Keever of Odean Keever & Associates,Inc. (barbkeever@gmail.com)

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