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$875,000

Beds
18
Baths
9.0
sq ft
6,883

144 Nottingham Drive, Forest City, NC 28043

144 Nottingham Drive

Forest City, NC 28043

  • 49 days on market
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.

Details

Property type

Apartment

Lot size

Unknown

Price per sq ft

$128

Year built

1968

Price History

07/08/2024
CanopyMLS

CanopyMLS #4158718

Listed
$875,000
+136.49%
01/27/2023
CanopyMLS

CanopyMLS #3940341

Sold
$370,000

Schools & Community

Elementary school: 

Unspecified

Middle school: 

Unspecified

High school: 

Unspecified

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Greene Rentals Llc

Loan start date

January 2023

Original loan amount

$117,800

Est. remaining balance

$104,085

Interest rate

5.67%

Loan type

Not Provided, 10 year

Seller

110 Evergreen Llc

Lender

Framework Llc

Loan start date

January 2023

Original loan amount

$500,000

Est. remaining balance

$441,788

Interest rate

5.67%

Loan type

Not Provided, 10 year

Seller

110 Evergreen Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 08/26/2024 at 6:55 PM

Listing updated: 07/09/2024 at 10:33 AM

Listed by: Jim Davis, NAI Allen Tate Beverly-Hanks Commercial Phone #: (828) 210-3940

MLS: CanopyMLS #4158718

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