RESIDENTAL MULTI-UNIT is now available in the much sought after area of Old Fort! These 9 apartments are in a great location, within the city limits, along the banks of Mill Creek on W Orchard Street. Walkable distance to Old Fort's breweries, restaurants, shopping, etc! 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-$500) is well below current rent rates for this area. Property is being sold "AS IS" "WHERE IS". All apartments sold together! Each are individually metered so tenants pay for electric and water. All are 750 sq ft with 2 bedrooms/1 bath. No appliances are included in the units. There is a hookup for a stacked washer and dryer. Tenants use window units for cooling and baseboard heat. 1 unit has had some renovating. 5 units are currently being rented (month to month). Building is priced to sell! Come take a look today!
Closed
$367,500
576 W Orchard St, Old Fort, NC 28762
2beds
6,750sqft
Multi Family
Built in 1965
-- sqft lot
$541,000 Zestimate®
$54/sqft
$1,286 Estimated rent
Home value
$541,000
$454,000 - $649,000
$1,286/mo
Zestimate® history
Owner options
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$1,286/mo
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$1,286/mo
Rent Zestimate®
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$2,140/mo
Est. payment
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$2,140/mo
Est. payment
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Window units
Zillow last checked:
Listing updated:
Listed by:
Regina Farmer regfarmer@gmail.com,
Mountain Lake Realty,
Brenda Hoyle,
Mountain Lake Realty
Bought with:
Kirstie Conner
Greybeard Realty Old Fort Office
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4040719
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 9
Heating
- Baseboard
Cooling
- None
Appliances
- Included: None
- Laundry: Electric Dryer Hookup, Inside, Washer Hookup
Features
- Open Floorplan
- Flooring: Linoleum
- Has basement: No
Interior area
- Total structure area: 6,750
- Total interior livable area: 6,750 sqft
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Stories: 1
- On waterfront: Yes
- Waterfront features: None, Creek, Creek/Stream
Lot
- Size: 0.8 Acres
- Features: Flood Plain/Bottom Land, Level
Details
- Parcel number: 075018300332
- Zoning: Unknown
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Foundation: Slab
- Roof: Metal,Rubber
Condition
- New construction: No
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: City
- Utilities for property: Cable Available, Electricity Connected
Community & HOA
Location
- Region: Old Fort
Financial & listing details
- Price per square foot: $54/sqft
- Tax assessed value: $184,480
- Annual tax amount: $271
- Date on market: 6/15/2023
- Cumulative days on market: 4 days
- Listing terms: Cash,Conventional
- Tenant pays: All Utilities
- Electric utility on property: Yes
- Road surface type: Gravel
Price history
| Date | Event | Price |
|---|---|---|
| 8/1/2023 | Sold | $367,500-2%$54/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4040719 Report a problem | ||
| 6/15/2023 | Listed for sale | $375,000$56/sqft |
Source: Canopy MLS as distributed by MLS GRID #CAR4040719 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $271 -97.2% | $40,000 -97.2% |
| 2024 | $9,620 +692.5% | $1,418,890 +669.1% |
| 2023 | $1,214 +29.4% | $184,480 +31.4% |
| 2022 | $938 | $140,440 |
| 2021 | $938 -1.5% | $140,440 |
| 2020 | $952 -98.8% | $140,440 +11.9% |
| 2017 | $77,909 +9900% | $125,560 |
| 2016 | $779 | $125,560 |
| 2014 | $779 +1.8% | $125,560 |
| 2013 | $766 | $125,560 |
| 2012 | -- | $125,560 |
Find assessor info on the county website
Neighborhood: 28762
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Nearby schools
GreatSchools rating
- 7/10Old Fort Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 3/10West McDowell Junior High SchoolGrades: 6-8Distance: 9.5 mi
- 2/10McDowell High SchoolGrades: 9-12Distance: 9.6 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
- 576 W Orchard St
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