319 Willow Run DR

Forest City,NC 28043

$ 1150000

17 Beds

9 Baths

7577 SqFt


Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 7,577 sqft

Price per Sqft $151

MLS Listing ID 4115918

Style Traditional

Bedrooms 17

Full Baths 9

Abv Grd Liv Area 7,577

Year Built 1971

Lot Size 1.360 Acres

Acres 1.36

Property Description

Pristine portfolio addition ready; This is an outstanding 8 unit complex (4 Duplexes) practically built from ground up. Brick construction with all new windows, flooring, drywall, electric, cabinets, and plumbing. New roof, quartz counter tops in kitchen. New showers, toilets, vanities, fixtures, refrigerators and ovens in all 8 units.

MUST SEE, as everything was brought up to code with proper permitting. Owners spared no expense and it shows. New HVAC in all units and a firewall between rear 4 units and breezeway required by county. With the lack of rental units available in Forest City, these high end units are IN DEMAND. As of May 1st, units will be 100% OCCUPIED. See rent roll attached in MLS. Cap rate is indexed at 9.5% at full occupancy

Schedule your tour beginning March 8th. Agents see remarks for disclosures.

Location

State NC

County Rutherford

Zoning R8

Rooms

Basement Other

Interior

Heating Heat Pump

Cooling Heat Pump

Appliance Bar Fridge,Electric Range,Electric Water Heater

Exterior

Waterfront Description None

Parking Type On Street,Parking Lot,Parking Space(s)

Garage false

Building

Lot Description Cleared,Level,Open Lot,Paved,Private

Dwelling Type Site Built

Foundation Crawl Space

Sewer County Sewer

Water County Water

Architectural Style Traditional

Structure Type Brick Full,Vinyl

New Construction false

Schools

Elementary Schools Unspecified

Middle Schools Unspecified

High Schools Unspecified

Others

Senior Community false

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

Special Listing Condition None

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