A Great Investment Opportunity! Colonial Arms is a 12 unit 3 building apartment complex in a prime location close to shopping and dining! 3 units have 3 Bedrooms and the other nine units have 2 Bedrooms...all with 1.5 Baths. All apartments have heat pumps and washer/dryer connections. Unit #5 is currently having some improvements made. Forest City water and sewer available along with regular trash pickup. All tenants are on month to month leases A listing agent will need to accompany selling agent and buyer for a showing.
Closed
$905,000
401 Duke St, Forest City, NC 28043
24beds
13,440sqft
Multi Family
Built in 1981
-- sqft lot
$1,072,200 Zestimate®
$67/sqft
$1,068 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: January 11, 2024 at 08:42am
Listing Provided by:
Kathy Rabb 828-442-6503,
Realty Group 1 LLC,
Brandon Braswell 828-559-9522,
Realty Group 1 LLC
Bought with:
Zaf Urmanov
Dane Warren Real Estate
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4072102
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
- Bathrooms: 24
- Full bathrooms: 12
- 1/2 bathrooms: 12
Heating
- Central, Electric, Heat Pump
Cooling
- Electric, Heat Pump
Appliances
- Included: Electric Range, Electric Water Heater, Refrigerator
- Laundry: Main Level
Features
- None
- Flooring: Carpet, Vinyl
- Basement: Other
Interior area
- Total structure area: 13,440
- Total interior livable area: 13,440 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 24
- Parking features: Parking Lot
- Uncovered spaces: 24
- Details: In front of apartment buildings
Accessibility
- Accessibility features: Two or More Access Exits
Features
- Exterior features: Lawn Maintenance
- Waterfront features: None
Lot
- Size: 1.36 Acres
- Features: Level
Details
- Parcel number: 1539528735
- Zoning description: C-3
- Special conditions: Standard
- Horse amenities: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Brick Partial, Wood
- Foundation: Crawl Space, Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1981
Utilities & green energy
- Sewer: Public Sewer
- Water: City
- Utilities for property: Underground Power Lines
Community & neighborhood
Community
- Community features: None
Location
- Region: Forest City
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Concrete, Paved