126 Farmside Drive

Forest City, NC 28043

$1,580,000
Price
22
Beds
14
Baths
10,910 Sq. Ft.
$145 / Sq. Ft.
10,910
Sq. Ft.
$145
per Sq. Ft.

Description

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...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. Listed by Barbara Keever • Odean Keever & Associates, Inc. • barbkeever@gmail.com

Property Details for 126 Farmside Drive

Parking Features
Parking Space(s)
Subdivision Name
None
LISTING UPDATED: 06/12/2024 11:01 AM

Property Details for 126 Farmside Drive

StatusActive
MLS #4149916
Days on Market94
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1980
Lot Size2.31 AC / 100,623 SF
CountyRutherford County

Building Information for 126 Farmside Drive

Stories-Residences-Year Built1980Building Size-Lot Size2.31 AC / 100,623 SF

Property Information for 126 Farmside Drive

Summary
Location and General Information
  • Longitude: -81.921115
  • Latitude: 35.324898
  • Directions: Hwy. 74A to Oakland Road exit. Bear right onto Crowe Dairy Road. Property will be on the left - Farmside Drive.
Taxes and HOA Information
  • HOA Subject To: None
  • Tax Assessed Value: $475,900.00
  • Parcel Number: 1215538
  • City Taxes Paid To: No City Taxes Paid
School Information
  • Middle Or Junior School: Unspecified
  • High School: Unspecified
  • Elementary School: Unspecified
Parking
  • Parking: Open Spaces: 28.0
  • Parking: Open Parking YN: Yes
  • Parking: Carport YN: No
  • Garage YN: No
  • Garage Main Level YN: No
Property
Lot Information
  • Above Grade Finished Area: 10910.0
  • Below Grade Finished Area: 0.0
  • Lot Features: Cleared, Level
  • Lot Size Units: Acres
  • Property Type: Residential Income
Property and Assessments
  • Geocode Confidence: Medium
  • New Construction YN: No
  • Photos Count: 21
  • Road Responsibility: Publicly Maintained Road
  • Construction Type: Site Built
  • Assumable: No
  • Additional Parcels Description: 1215537 and 1215539
  • Senior Community YN: No
  • Restrictions: No Representation
Utilities
  • Sewer: Septic Installed
  • Utilities: Electricity Connected
  • Water Source: Community Well
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick Partial
  • Road Surface Type: Asphalt, Paved
  • Roof: Composition
Interior Features
  • Appliances: Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Refrigerator
  • Cooling: Central Air, Electric, Heat Pump
  • Heating: Electric, Heat Pump
  • Laundry Features: Electric Dryer Hookup, Inside, Washer Hookup
  • Fireplace YN: No
  • Flooring: Carpet, Laminate, Linoleum, Vinyl
  • Foundation Details: Slab
  • Basement YN: No
  • Stories: 1
Multi Family
Multi-Family Information
  • Unit Type: 2 Bedroom, 1 Bedroom
  • Unit Room Type: Bedroom(s),Bathroom(s),Kitchen,Living Room
  • Number Of Units Total: 14
Rental
Rent Information
  • Tenant Pays: All except water, Cable TV, Internet, Trash Collection
  • Pets Allowed: No

Property History for 126 Farmside Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 126 Farmside Drive

Taxable ValueLand$21,400Additions$148,800Total$170,200
Tax Record2021$793 ($66 / month)
Home Facts
Beds6Baths6Total Finished SqFt3,942 SqFtAbove Grade Finished SqFt3,942 SqFtStories1Lot Size46,609 SqFtStyleTownhouseYear Built1980CountyRUTHERFORDAPN1215537Fireplace TypeHas Fireplace

Schools near 126 Farmside Drive

This home is within Rutherford County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 13
Rating
School
Distance
Spindale Elementary School
PublicPK to 5

R-S Middle School
Public6 to 8

R-S Central High School
Public9 to 12

Rutherford Early College High School
Public9 to 13

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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126 Farmside Drive is a multi-family home for sale in Forest City, NC 28043. This property was listed for sale on June 11, 2024 by Odean Keever & Associates, Inc., it's currently listed at $1,580,000. It has been on the market for a total of 94 days and was last sold on August 30, 2022. This listing's school district is Rutherford County School District. Nearby schools include Spindale Elementary School, R-S Middle School and R-S Central High School. 126 Farmside Drive is a 22-bed, 14-bath, 10,910 sqft multi-family home built in 1980.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Odean Keever & Associates, Inc.

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