144 Nottingham Drive

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Address: 144 Nottingham Dr, Forest City, NC 28043, USA
Created date: July 9, 2024
Date last updated: July 11, 2024

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.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $875,000
No. of Units: 9
Year Built: 1968
Lot Size: 2.76 Sq ft
Opportunity Zone: No
Price per unit: $97,222
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Address: 144 Nottingham Drive, Forest City, NC 28043, USA
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