Forest City NC Multi Family for Sale
- Type:
- Apartment
- Sq.Ft.:
- 3,752
- Status:
- Active
- Beds:
- 6
- Year built:
- 1930
- Baths:
- 4.00
- MLS#:
- 4173951
ADDITIONAL INFORMATION
The Magnolia House is a charming Southern Colonial 4-plex that was recently restored. Each unit features large kitchens, in-unit laundry, crown moldings, original wood built-ins, and unique design details that bridge old and new. The property includes five brick and tin roof garages for additional income. Located at West Main Street and Magnolia, it's a short walk to historic downtown Forest City and the Thermal Belt Rail Trail. Units A and B (downstairs) are 2 Bedroom and 1 Bathroom Units C and D (upstairs) are 1 Bedroom and 1 Bathroom.
- Type:
- Apartment
- Sq.Ft.:
- 10,910
- Status:
- Active
- Beds:
- 22
- Lot size:
- 2 Acres
- Year built:
- 1980
- Baths:
- 14.00
- MLS#:
- 4149916
ADDITIONAL INFORMATION
14 units, 3 building apartment complex. 100% occupied. 8 units are 2 BR/1 bath and 6 units are 1 BR/1BA. Metal roof is approximately 10 years old. Many upgrades which include updated plumbing, electrical, heat pump/central air in the 2 BR units and central heat new in the 1 BR units with window units, hot water heaters. Two community wells on the property and owners say water flow and supply are good. Current rent roll is $8430 per month/ $101,160 per year. Two units are not on the rent roll due to the owner retaining those for her employees and she rents the 2 BR at $650 and the 1 BR for $550 (same as all other tenants). Termite Warranty. Water is supplied by two community wells and owners provide electricity for the water.
$1,150,000
319 Willow Run Drive Forest City, NC 28043
- Type:
- Apartment
- Sq.Ft.:
- 7,577
- Status:
- Active
- Beds:
- 17
- Lot size:
- 1 Acres
- Year built:
- 1971
- Baths:
- 9.00
- MLS#:
- 4115918
ADDITIONAL INFORMATION
Pristine portfolio addition ready; This is an outstanding 8 unit complex (4 Duplexes) practically built from ground up. Brick construction with all new windows, flooring, drywall, electric, cabinets, and plumbing. New roof, quartz counter tops in kitchen. New showers, toilets, vanities, fixtures, refrigerators and ovens in all 8 units. MUST SEE, as everything was brought up to code with proper permitting. Owners spared no expense and it shows. New HVAC in all units and a firewall between rear 4 units and breezeway required by county. With the lack of rental units available in Forest City, these high end units are IN DEMAND. As of May 1st, units will be 100% OCCUPIED. See rent roll attached in MLS. Cap rate is indexed at 9.5% at full occupancy Schedule your tour beginning March 8th. Agents see remarks for disclosures.
Andrea Conner, License #298336, Xome Inc., License #C24582, [email protected], 844-400-9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
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Forest City Real Estate
The median home value in Forest City, NC is $239,900. This is higher than the county median home value of $184,200. The national median home value is $338,100. The average price of homes sold in Forest City, NC is $239,900. Approximately 36.17% of Forest City homes are owned, compared to 46.28% rented, while 17.55% are vacant. Forest City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Forest City real estate agent to arrange a tour today!
Forest City, North Carolina has a population of 7,330. Forest City is less family-centric than the surrounding county with 17.63% of the households containing married families with children. The county average for households married with children is 22.97%.
The median household income in Forest City, North Carolina is $31,573. The median household income for the surrounding county is $45,500 compared to the national median of $69,021. The median age of people living in Forest City is 33.8 years.
Forest City Weather
The average high temperature in July is 88.8 degrees, with an average low temperature in January of 26.6 degrees. The average rainfall is approximately 49.6 inches per year, with 3.2 inches of snow per year.