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
Closed
$605,000
92 N Red Town Rd, Old Fort, NC 28762
28beds
8,400sqft
Duplex
Built in 1974
-- sqft lot
$780,800 Zestimate®
$72/sqft
$1,132 Estimated rent
Home value
$780,800
$679,000 - $898,000
$1,132/mo
Zestimate® history
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$1,132/mo
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$3,437/mo
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: May 04, 2023 at 02:36pm
Listing Provided by:
Regina Farmer regfarmer@gmail.com,
Mountain Lake Realty,
Brenda Hoyle,
Mountain Lake Realty
Bought with:
Katie Rice
Keller Williams Professionals
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4015197
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 28
- Bathrooms: 1
- Full bathrooms: 14
Heating
- Baseboard
Cooling
- None
Appliances
- Included: None
- Laundry: None
Features
- Flooring: Laminate
- Has basement: No
Interior area
- Total structure area: 8,400
- Total interior livable area: 8,400 sqft
- Finished area below ground: 0
Property
Parking
- Parking features: Circular Driveway, Parking Space(s), Shared Driveway, Other - See Remarks
- Has uncovered spaces: Yes
- Details: Parking spaces approx 2 per unit
Accessibility
- Accessibility features: Two or More Access Exits
Features
- Stories: 1
- Has view: Yes
- View description: Mountain(s)
- Waterfront features: None
Lot
- Size: 2.20 Acres
- Features: Paved
Details
- Parcel number: 75019606851
- Zoning: Res
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Duplex
Materials
- Hardboard Siding, Wood
- Foundation: Crawl Space
- Roof: Shingle
Condition
- New construction: No
- Year built: 1974
Utilities & green energy
- Sewer: Public Sewer
- Water: City
- Utilities for property: Cable Available, Electricity Connected
Community & neighborhood
Location
- Region: Old Fort
Other
Other facts
- Listing terms: Cash,Conventional
- Road surface type: Asphalt, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/4/2023 | Sold | $605,000+21.5%$72/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4015197 Report a problem | ||
| 3/31/2023 | Listed for sale | $498,000$59/sqft |
Source: Canopy MLS as distributed by MLS GRID #CAR4015197 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 28762
Nearby schools
GreatSchools rating
- 7/10Old Fort Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 2/10West Mcdowell Junior High SchoolGrades: 6-8Distance: 8.9 mi
- 3/10Mcdowell High SchoolGrades: 9-12Distance: 8.9 mi
Schools provided by the listing agent
- Elementary: Old Fort
- Middle: West McDowell
- High: McDowell
Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- North Carolina
- McDowell County
- Old Fort
- 28762
- 92 N Red Town Rd