144 Nottingham DR Active Save Request In-Person Tour Request Virtual Tour
Forest City,NC 28043
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 6,883 sqft
Price per Sqft $127
Subdivision Sherwood Forest
MLS Listing ID 4158718
Bedrooms 18
Full Baths 9
Abv Grd Liv Area 6,883
Year Built 1968
Lot Size 2.760 Acres
Acres 2.76
Property 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.
Location
State NC
County Rutherford
Zoning Comm
Interior
Heating Baseboard,Forced Air
Cooling Window Unit(s)
Fireplace false
Appliance Electric Cooktop,Electric Oven,Electric Water Heater
Exterior
Garage false
Building
Dwelling Type Site Built
Foundation Slab
Sewer Septic Installed
Water City
Structure Type Brick Full
New Construction false
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Senior Community false
Special Listing Condition Subject to Lease,None