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%