501 Mill Street Lowell, NC $ 2,250,000
501 Mill Street
$ 2,250,000
New Construction
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501 Mill Street

Lowell, NC, 28098
$ 2,250,000
Bedrooms16 Baths16.8 Sq 9,712

Monthly Estimate*

$ 14,954

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Multi-Family Home for sale in Lowell, NC

for $2,250,000 with 16 bedrooms and 16 full baths, 8 half baths. This 9,712 square foot home was built in 2024 on a lot size of 0.5.

The Townes at Mill Street is a new construction multi-family investment developed and constructed by Stonecrest Homes. The property features two buildings each with 4 units for a total of 8 townhome style rentals. It offers an investor great upside potential with an opportunity to continue to steadily increase returns over time and multiple exit strategies. Each unit is separately metered and appliances are included. Units are delivered vacant. Be sure to check the brochure for features, specifications, sales and rent comps. The site is located in a qualified opportunity zone.

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Multi-Family Active

Price

$ 2,250,000

Bedrooms

16

Full Bath

16

Half Bath

8

Property Type

Multi-Family

Taxes

$ 0

Style

Transitional

Lot Size

0.5

Year Built

2024

Town/City

Lowell

County/Region

Gaston

MLS | Web ID

4143586

Features
General
Interior Features Cable Prewire
Sewer Public Sewer
Heating Central Heat Pump
Cooling Central Air Heat Pump
Utilities Cable Available Electricity Connected
Roof Composition
Appliances Dishwasher Disposal Electric Range Microwave Refrigerator Washer/Dryer
Zoning MU
Architectural Style Transitional
Construction Materials Brick Partial Stone Vinyl
Pets Allowed Conditional
Year Built 2024
Tenant Pays All Utilities
Property SubType Eightplex
Waterfront Features None
Community Features None
County Gaston
New Construction Y
Property Type Residential Income
Subdivision Name None
Directions N Main St. to Caroline Ave to Mill St.
High School Unspecified
City Lowell
NumberOfUnitsTotal 8
Lot Size Units Acres
Elementary School Unspecified
Middle/Junior High School Unspecified
Virtual Tour https://listings.realbird.com/tour/F4A4E4C4/633691/1-2/501-Mill-St-Lowell-NC-28098 https://listings.realbird.com/tour/F4A4E4C4/633691/1-3/501-Mill-St-Lowell-NC-28098
Builder Name Stonecrest
Standard Status Active
Construction Type Site Built
Restrictions N/A
Tax Assessed Value 1945080
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Interior
Flooring Carpet Laminate
Fireplace Y/N N
Above Grade Finished Area 9712
Full Baths 16
Half Baths 8
Laundry Features Laundry Closet
Total Bedrooms 16
Below Grade Finished Area 0
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Exterior
Parking Features Parking Space(s)
Lot Features Level
Water Source City
Lot Size Area 0.5
Foundation Details Slab
Building Area Total 9712
Lot Dimensions 150x140
Road Surface Type Concrete Paved
Road Responsibility Publicly Maintained Road
Main Level Garage YN N
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Internal Only
Street Number 1 501
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* Excluded Features
List By
Carolina Realty Advisors

Broker

Affordability Calculator

$14,954
Per Month
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Monthly Principal & Interest
$14,954
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
1081546 Elementary School
1081540 Middle School
Unspecified High School High School
Pricing History
DatePricePrice ChangeDescription
5/23/2024$2,250,000 Listed Price

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501 Mill Street, Lowell, NC, 28098 is a Multi-Family Home for sale at $2,250,000 with 9,712 sqft and a lot size of 0.5. 501 Mill Street has 16 bedrooms, 16.8 baths, and was built in 2024. The property's zip code is 28098 which is in Lowell, NC