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604 Iredell AVE Mooresville, NC 28115
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Key Details
Sold Price $1,850,000
Property Type Multi-Family
Sub Type Eightplex
Listing Status Sold
Purchase Type For Sale
Square Footage 12,895 sqft
Price per Sqft $143
MLS Listing ID 3814070
Sold Date 06/16/22
Bedrooms 25
Full Baths 16
Year Built 1950
Lot Size 0.480 Acres
Acres 0.48
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.
Location
State NC
County Iredell
Zoning NMX
Interior
Heating Apollo System, Central
Cooling Ceiling Fan(s)
Flooring Carpet, Tile, Vinyl
Fireplace false
Appliance Dishwasher, Gas Range, Gas Water Heater, Microwave, Oven, Refrigerator
Exterior
Utilities Available Gas
Roof Type Rubber, Other - See Remarks
Parking Type Other - See Remarks
Building
Foundation Slab
Sewer Public Sewer
Water City
Structure Type Brick Partial
New Construction false
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Special Listing Condition None
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Bought with Non Member • MLS Administration