144 Nottingham Drive , Forest City, NC 28043
Forest City, NC 28043
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 Type | For Sale |
| Style | Special Purpose |
| Sub-Type | Resale |
| Status | Active |
| Year | 1968 |
| Days On Site | 97 |
| Listing Provided By | NAI Allen Tate Beverly-Hanks Commercial | Jim Davis |
Features
| SQ Feet | 6,883 |
|---|---|
| Story(s) | 1 |
| Units | 9 |
| Building(s) | 2 |
| Acreage | 2.76 |
Market Activity 28043
Listings courtesy of Canopy Realtor® Association as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of October 14, 2024 at 2:54:53 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.
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Learn More About This Property
| State | NC |
|---|---|
| County | Rutherford |
| City | Forest City |
| Zip Code | 28043 |
| Area | Rutherford |
| Listing VS Median (in 28043) | |
Price: $875,000 low | high Med: $249,900 SqFt: 6,883 low | high Med: 1,195 $ / SqFt: $127 low | high Med: $209 On Site: 97 low | high Med: 125.000000 | |