Active
155 Old Fort Road
Fairview NC, 28730
$879,000
$205.33 per sqft
Active
8 Beds
8 Baths
4,281 sqft
Multi-family
Built in 1988
Immerse yourself in a unique investment opportunity with this immaculately maintained 4-unit townhouse condominium complex. Perfectly situated in the picturesque community of Fairview, NC, this property promises not only a solid return on investment with a 7% cap rate at current rents and up to 9.3% at market rents but also significant room for expansion and development. Each unit has living room, kitchen, half bath, 1-car garage and laundry room on main level; 2 bedrooms 1 full bath upstairs. Unit 2 has been recently renovated with new kitchen appliances, cabinets and countertops. Each unit is designed for comfort with individual heat pumps for heating & AC, underground utilities, and maintenance-free living, from gutters to exterior paint. New well pump and water filtration system. Huge level 2.65 acre lot with Cabernet Sauvignon grape vineyard on site! Potential for development such as organic farm, vineyard expansion, mini storage, pavilion, barn, horses or livestock.
4151760
MLSⓇ ID
June 17, 2024
Listed
September 17, 2024
Updated
Map
155 Old Fort Road
Fairview NC, 28730
Interior Features
Bedrooms
8
Total Bathrooms
8
Full Bathrooms
4
Half Bathrooms
4
Appliances
Dishwasher, Electric Oven, Refrigerator
Laundry Description
In Garage, Laundry Room
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Heat Pump
Exterior/Building Features
Lot Size
2.65 Acres
Exterior Features
Fire Pit
Sewer
Septic Installed
School Information
High School
AC Reynolds
Elementary School
Fairview
Other Property Details
Days on Market
57
Garage
Yes
Garage Spaces
4
Parking
Attached Garage, Garage Faces Rear
View
No
County
Buncombe
Water Source
Well
Pool
No
Zoning
OU
Listing History
Date | Event | Price |
|---|---|---|
8/7/2024 | Active | — |
7/12/2024 | Under contract | — |
6/25/2024 | Price change | $879,000 -6% |
Courtesy of Keller Williams Professionals with Justin Grogan,
Listing Contact: [email protected]
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