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Libby Allison

libbyallison1@gmail.com +1(704) 345-7757

$1,600,000

Est. payment - /mo

32 Beds

16 Baths

13,760 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Square Footage 13,760 sqft

Price per Sqft $116

MLS Listing ID 4358691

Bedrooms 32

Full Baths 16

Abv Grd Liv Area 13,760

Year Built 1960

Lot Size 2.000 Acres

Acres 2.0

Property Sub-Type Duplex

Property Description

Priced below appraisal - get ready to purchase instant equity and fantastic cash flowing property! Amazing opportunity in Lenoir for a 16 unit community. 8 duplex homes with 2 bedrooms, 1 bathroom on a private road. All units are on City Water & City Sewer. The properties feature newer vinyl siding, newer roofs, newer furnaces & air handlers/mini-splits. One of the roofs was replaced in February and several hot water heaters were replaced. Electrical & plumbing has been updated where needed. All units are occupied and have fantastic cash flow with room to increase rents. Significant rent increases have been made since the first of the year and there is still room for increases. Units convey with stoves & refrigerators. Tenants cover all utilities - owner pays for lawn mowing 2x's/month. Fantastic location - 10 minutes to Lenoir, 25 minutes to Hickory & 20 minutes to Morganton. Close to schools, shopping & dining.

Location

State NC

County Caldwell

Zoning R20

Interior

Heating Central, Ductless

Cooling Ceiling Fan(s), Central Air, Ductless, Window Unit(s)

Fireplace false

Appliance Oven

Laundry Electric Dryer Hookup, In Kitchen, Washer Hookup

Exterior

Roof Type Aluminum,Architectural Shingle

Street Surface Dirt,Paved

Garage false

Building

Dwelling Type Site Built

Foundation Crawl Space

Sewer Public Sewer

Water City

Structure Type Vinyl

New Construction false

Schools

Elementary Schools Gamewell

Middle Schools Gamewell

High Schools West Caldwell

Others

Pets Allowed Yes

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Subject to Lease

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Listed by Jennifer Mech • Keller Williams Lake Norman • jmech@mechrealty.com

Nearby School & Business

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Libby Allison

+1(704) 345-7757

Agent | License ID: 303873

Agent License ID: 303873

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3354 Clay Apartments CT Lenoir, NC 28645

Libby Allison

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

Get More Information