Sold

604 Iredell Avenue

Mooresville NC, 28115

$1,850,000


$143.47 per sqft

Sold

25 Beds

16 Baths

12,895 sqft

Multi-family

Built in 1950

This fully occupied 8 unit apartment complex, located in the thriving Charlotte submarket of Mooresville, has been fully renovated and is currently providing the owners a reliable, low-risk cash flow with the potential to increase the NOI as rents are adjusted to reflect the market. The apartment consists of seven units with 3 bedrooms and one unit with 4 bedrooms with tenants paying their own utilities. The property is suitable for an absentee owner/investor as it is under professional management.Detailed Income/Expense information is available upon request. New roof, HVAC units have been updated as needed and complete interior rehab.

3814070

MLS ID

December 22, 2021

Listed

February 10, 2024

Updated

Map

604 Iredell Avenue
Mooresville NC, 28115

Interior Features

Bedrooms

25 Beds


Bathrooms

16 Baths


Appliances

Dishwasher, Gas Range, Gas Water Heater, Microwave, Oven, Refrigerator


Laundry Description

Dryer Hookup, Laundry Room, Main Level, Washer Hookup


Floor Description

Carpet, Tile, Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s)


Heating

Yes


Heating Description

Apollo System, Central

Exterior/Building Features

Lot Size

0.48 Acres


Roof

Rubber, Other - See Remarks


Sewer

Public Sewer

School Information

High School

Unspecified


Elementary School

Unspecified

Other Property Details

Days on Market

29


Garage

No


Parking

Other - See Remarks


View

No


County

Iredell


Water Source

City


Pool

No


Buyer Agency Compensation

2%

Courtesy of EXP Realty LLC Ballantyne with Rob Bilbro,
Listing Contact: [email protected] 
 
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