144 Nottingham Drive
Forest City, NC 28043
6883 sqft | 18 beds | 9 baths | #4158718
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.
Interior Details
- CoolingWindow Unit(s)
- Cooling FeaturesWindow Unit(s)
Beds & Baths
- Bedrooms18
- Bathrooms9
- Full Baths9
Property Details
- Square Feet6883
Parking
- Parking FeaturesCircular Driveway, Parking Space(s)
- Parking TypeDriveway
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1968
Material information
- FoundationSlab
Utilities / Energy Details
- AppliancesElectric Cooktop, Electric Oven, Electric Water Heater
- Sewer InformationSeptic Installed
- Utility SourceCity
Community and Neighborhood Details
- SubdivisionSherwood Forest
Location
- Elementary SchoolUnspecified
- Middle SchoolUnspecified
- High SchoolUnspecified
- CountyRutherford
Financial Details
- Original List Price$875,000
- Days on Market (Cumulative)131
- Buying Agency Compensation3
Restrictions
- PetsYes
Other
- MLS #4158718
Location
Legal
Based on information submitted to the MLS GRID as of 2024-07-09 14:24:06. 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. Some IDX listings have been excluded from this website. Listings courtesy of Canopy MLS as distributed by MLS GRID.
Last Updated: . Source: CANOPY
Listing Courtesy
Listing Agent: Jim Davis (#CARjames)
Listing Office: NAI Allen Tate Beverly-Hanks Commercial (#CARNCM100510)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
