Closed

$1,100,000

319 Willow Run Dr, Forest City, NC 28043

15beds

7,577sqft

Multi Family

Built in 1971

-- sqft lot

$603,500 Zestimate^®

$145/sqft

$753 Estimated rent

Home value

$603,500

$465,000 - $772,000

$753/mo

Zestimate^® history

Owner options

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$753/mo

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$753/mo

Rent Zestimate^®

Refinance and save

$6,507/mo

Est. payment

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$6,507/mo

Est. payment

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What's special

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 15
Bathrooms: 9
Full bathrooms: 9

Heating

Heat Pump

Cooling

Heat Pump

Appliances

Included: Bar Fridge, Electric Range, Electric Water Heater
Laundry: In Unit

Features

Basement: Other

Interior area

Total structure area: 7,577
Total interior livable area: 7,577 sqft
Finished area above ground: 7,577
Finished area below ground: 0

Property

Parking

Total spaces: 12
Parking features: On Street, Parking Lot, Parking Space(s)
Uncovered spaces: 12

Features

Waterfront features: None

Lot

Size: 1.36 Acres
Features: Cleared, Level, Open Lot, Paved, Private

Details

Parcel number: 419295
Zoning: R8
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Traditional
Property subtype: Multi Family

Materials

Brick Full, Vinyl
Foundation: Crawl Space

Condition

New construction: No
Year built: 1971

Utilities & green energy

Sewer: County Sewer
Water: County Water

Community & HOA

Location

Region: Forest City

Financial & listing details

Price per square foot: $145/sqft
Tax assessed value: $140,500
Date on market: 3/8/2024
Cumulative days on market: 180 days
Listing terms: Cash,Conventional
Tenant pays: All Utilities
Road surface type: Concrete, Gravel

Price history

Date	Event	Price
12/2/2024	Sold	$1,100,000-4.3%$145/sqft
Source: Canopy MLS as distributed by MLS GRID #4115918 Report a problem
3/8/2024	Listed for sale	$1,150,000$152/sqft
Source: Canopy MLS as distributed by MLS GRID #4115918 Report a problem