144 Nottingham Drive Forest City, NC $ 875,000
144 Nottingham Drive
$ 875,000
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144 Nottingham Drive

Forest City, NC, 28043
$ 875,000
Bedrooms-- Baths-- Sq 6,883

Monthly Estimate*

$ 5,240

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Commercial Property for sale in Forest City, NC

for $875,000. This 6,883 square foot building was built in 1968 on a lot size of 2.76.

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.

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Commercial Active

Price

$ 875,000

Property Type

Commercial

Taxes

$ 0

Style

Special Purpose

Lot Size

2.76

Year Built

1968

Town/City

Forest City

County/Region

Rutherford

MLS | Web ID

4159310

Features
General
Sewer Septic Installed
Heating Baseboard Forced Air
Cooling Window Unit(s)
Appliances Electric Cooktop Electric Oven Electric Water Heater
Construction Materials Brick Full
Year Built 1968
Property SubType Special Purpose
Additional Parcels Description 1200691 1200692 426446
County Rutherford
New Construction N
Property Type Commercial Sale
Possible Use Commercial Multi-Family
City Forest City
NumberOfUnitsTotal 9
Lot Size Units Acres
Number of Units Leased 9
Standard Status Active
Construction Type Site Built
Restrictions N/A
Tax Assessed Value 298900
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Exterior
Parking Features Circular Driveway Parking Space(s)
Water Source City
Inclusions Building Land
Lot Size Area 2.76
Foundation Details Slab
Number of Buildings 2
Building Area Total 6883
Road Surface Type Paved
Road Responsibility Publicly Maintained Road
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Internal Only
Street Number 1 144
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* Excluded Features
List By
Nai Allen Tate Beverly-Hanks Commercial

Broker

Affordability Calculator

$5,240
Per Month
100%
0%
0%
Monthly Principal & Interest
$5,240
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% 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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Nearby
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/9/2024$875,000 Listed Price

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144 Nottingham Drive, Forest City, NC, 28043 is a Commercial Property for sale at $875,000 with 6,883 sqft and a lot size of 2.76. 144 Nottingham Drive was built in 1968. The property's zip code is 28043 which is in Forest City, NC