15 & 26 Rivermoor DR Active Save Request In-Person Tour Request Virtual Tour
Brevard,NC 28712
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 11,929 sqft
Price per Sqft $134
MLS Listing ID 4230457
Year Built 1974
Lot Size 7.500 Acres
Property Sub-Type Apartment
Property Description
Don't miss this uncommon multifamily investment opportunity with an excellent location less than 2 miles from the vibrant heart of downtown Brevard NC! This 10-unit apartment complex is separated into 2 buildings each with 5 units. The 10 total units consist of 1x one bedroom, 7x two bedrooms, and 2x 3 bedrooms. City water and electricity are individually metered to each unit. 2 septic tanks service each building (4 total septic tanks). The property currently offers a stable income stream with all units occupied by long-term tenants. Nestled amidst beautiful mountain views, this property boasts additional land that is flat, easily buildable, and located outside the flood plain—perfect for future development or expansion. Rents for existing tenants have not been adjusted in years, creating opportunity for a new operator to realize additional cash flow with value add strategies and rent adjustments to current market levels. No showings without appointments, please don't disturb tenants.
Location
State NC
County Transylvania
Zoning GR4
Interior
Heating Central,Heat Pump
Cooling Central Air,Heat Pump
Laundry Electric Dryer Hookup,In Unit,Washer Hookup
Exterior
Exterior Feature Storage
Community Features Street Lights
Utilities Available Cable Connected,Electricity Connected,Satellite Internet Available,Wired Internet Available
Waterfront Description None
View Winter,Year Round
Roof Type Shingle
Building
Lot Description Flood Fringe Area,Level,Open Lot,Pasture,Private,Rolling Slope,Creek/Stream,Wooded,Views
Dwelling Type Site Built
Foundation Crawl Space
Sewer Septic Installed
Water Public
Structure Type Brick Full,Vinyl
New Construction false
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None