Old Fort, NC 28762,92 N Red Town RD
Old Fort, NC 28762,92 N Red Town RD
Old Fort, NC 28762,92 N Red Town RD
5
$605,000
$498,000
21.5%
Est.Price: ?

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28 BD
14 BA
2.2 Acres Lot

92 N Red Town RD Old Fort, NC 28762

Est. payment /mo
SOLD DATE : 05/04/2023

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Key Details

Sold Price $605,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 4015197

Sold Date 05/04/23

Style Ranch

Bedrooms 28

Full Baths 14

Year Built 1974

Lot Size 2.200 Acres

Acres 2.2

Property Description

HIDDEN TREASURE IN THE FANTASTIC AND GROWING OLD FORT CITY LIMITS! Excellent opportunity to own a income producing property. With some much needed repairs and/or updates, the potential for increased profitability is high. Current rent ($350-$450) is well below current rent rates for this area.

Property is being sold "AS IS" "WHERE IS".

All units sold together! Units are individually metered so tenants pay for electric and water. All units are 2 bedroom/1 bath. No appliances are included in the units. There is a hookup for a stacked washer and dryer.
Tenants use window ac units for cooling. Units are equipped with baseboard heat except for the ones being renovated. Those are planned for mini-split systems.

2 Units are in the process of being updated with new flooring, paint, etc
4 Units are currently rented (month to month)
1 Unit is being used as an office space
7 Units are empty

Location

State NC

County Mcdowell

Zoning Res

Interior

Heating Baseboard

Cooling None

Flooring Laminate

Fireplace false

Appliance None

Exterior

Utilities Available Cable Available, Electricity Connected

Waterfront Description None

View Mountain(s)

Roof Type Shingle

Garage false

Building

Lot Description Paved

Foundation Crawl Space

Sewer Public Sewer

Water City

Architectural Style Ranch

Structure Type Hardboard Siding, Wood

New Construction false

Schools

Elementary Schools Old Fort

Middle Schools West Mcdowell

High Schools Mcdowell

Others

Senior Community false

Restrictions Manufactured Home Not Allowed

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

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Listed by Regina Farmer • Mountain Lake Realty • regfarmer@gmail.com
Bought with Katie Rice • Keller Williams Professionals

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Dez Gerald, LHS, ASP

Broker | License ID: 244747

+1(704) 441-9344

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