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604 Iredell Avenue

Mooresville, NC 28115
  • $2,075,000
  • STATUS: Active Under Contract
  • ON SITE: 145 Days
  • ID#: 3814070
Under Contract
UPDATED: 24 min ago
$2,075,000
  • 25
    BEDS
  • 0.48
    ACRES
  • 16
    BATHS
  • 0
    1/2 BATHS
  • 12,895
    SQFT
  • $161
    $/SQFT
Type:
Multi-Family
Built:
1950
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Offered by Exp Realty Llc. Copyright 2022 Canopy MLS. All rights reserved.

Description

This fully occupied 8 unit apartment complex, located in the thriving Charlotte submarket of Mooresville, has been fully renovated and is currently providing the owners a reliable, low-risk cash flow with the potential to increase the NOI as rents are adjusted to reflect the market. The apartment consists of seven units with 3 bedrooms and one unit with 4 bedrooms with tenants paying their own utilities. The property is suitable for an absentee owner/investor as it is under professional management.Detailed Income/Expense information is available upon request. New roof, HVAC units have been updated as needed and complete interior rehab.

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Based on information submitted to the MLS GRID as of 2022-05-17T12:33:37.36 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Dreamline Realty, LLC nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2022 Canopy MLS.

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604 Iredell Avenue Mooresville, NC 28115

  • Price: $2,075,000
  • Status: Active Under Contract
  • On Site: 145 Days
  • Updated: 24 min ago
  • ID#: 3814070
25
Beds
16
Baths
0
½ Baths
0.48
Acres
12,895
SQFT
$161
$/SQFT
1950
Built
County:
Iredell
Area:
Mooresville
Elementary School:
Unspecified
Middle School:
Unspecified
High School:
Unspecified
Property Description
This fully occupied 8 unit apartment complex, located in the thriving Charlotte submarket of Mooresville, has been fully renovated and is currently providing the owners a reliable, low-risk cash flow with the potential to increase the NOI as rents are adjusted to reflect the market. The apartment consists of seven units with 3 bedrooms and one unit with 4 bedrooms with tenants paying their own utilities. The property is suitable for an absentee owner/investor as it is under professional management.Detailed Income/Expense information is available upon request. New roof, HVAC units have been updated as needed and complete interior rehab.
Exterior Features

Construction Materials Brick Partial Construction Type Site Built Foundation Details Slab Main Level Garage YN No Parking Features Other Porch CoveredFront Road Responsibility Public Maintained Road Road Surface Type Concrete Structure Type Eightplex+

Interior Features

Appliances Ceiling Fan(S)DishwasherGas RangeMicrowaveNatural GasRefrigerator Below Grade Finished Area 0 Building Area Total 12895 Fireplace YN No Flooring CarpetTileVinyl Heating Apollo SystemCentral Laundry Features Main LevelLaundry Room Water Heater Gas

Property Features

Assumable YN No CCRSubject To Undiscovered Hoa Subject To None HOASubject To Dues No Listing Agreement Exclusive Right To Sell Listing Terms 1031 ExchangeCashConventional New Construction YN No Number Of Completed Units Total 8 Number Of Units Total 8 Pets Allowed Conditional Property Sub Type Multi-Family Sewer Public Sewer Special Listing Conditions None Tenant Pays Cable TvElectricityGas Water Source Public Zoning Description Nmx



Based on information submitted to the MLS GRID as of 2022-05-17T12:33:37.36 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Dreamline Realty, LLC nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2022 Canopy MLS.

Digital Millennium Copyright Act
 
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Dreamline Realty, LLC
4351 Main Street Suite 203
Harrisburg NC, 28075
Offered by Exp Realty Llc. Copyright 2022 Canopy MLS. All rights reserved.