$875,000
For Sale

144 Nottingham Drive

Forest City, NC 28043
6883 sqft | 18 beds | 9 baths | #4158718
Browse 48 photos
Type:Multi-Family
Structure:Unit
Zone:Residential

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)142
      • Buying Agency Compensation3
  • Restrictions
      • PetsYes
  • Other
      • MLS #4158718

Location

Matt GallinaReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

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.

Estimated Monthly Payment
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Loan Amount
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