114, 111, 126 Farmside Drive
114, 111, 126 Farmside Drive
Forest City, NC 28043
$1,480,000
- Bedrooms: 22
- Bathrooms:
- Lot Size: 2.31 Acres
Description
14 units, 3 building apartment complex. 100% occupied. 8 units are 2 BR/1 bath and 6 units are 1 BR/1BA. Metal roof is approximately 10 years old. Many upgrades which include updated plumbing, electrical, heat pump/central air in the 2 BR units and central heat new in the 1 BR units with window units, hot water heaters. Two community wells on the property and owners say water flow and supply are good. Current rent roll is $8430 per month/ $101,160 per year. Two units are not on the rent roll due to the owner retaining those for her employees and she rents the 2 BR at $650 and the 1 BR for $550 (same as all other tenants). Termite Warranty. Water is supplied by two community wells and owners provide electricity for the water.
Property Summary
| Property Type: | Residential Income | Property Subtype : | Apartment |
| Year Built : | 1980 | Construction Type : | Site Built |
| Lot Size : | 2.31 Acres | Living Area : | 10,910 sqft |
Property Features
- Cleared
- Level
Appliances
- Electric Cooktop
- Electric Oven
- Electric Range
- Electric Water Heater
- Refrigerator
More Information
- Construction : Brick Partial
- Roof : Composition
- Parking : Parking Space(s)
- Heating : Electric, Heat Pump
- Cooling : Central Air, Electric, Heat Pump
- Water Source : Community Well
- Road : Publicly Maintained Road
- Listing Terms : Cash, Conventional
Based on information submitted to the MLS GRID as of 02-22-2025 12:14:03 UTC 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.