Ed Cashwell
ABR, CRS, GRI
BEDS8
BATHS4 full 4 partial
SQUARE FEET11,000
MLS#4423516
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Fully rented, income-producing 8-plex in the Whitnel area of Lenoir. The property includes four commercial storefronts at road level and four residential units above, with two separate parking areas.Each commercial space is approximately 1,500 square feet with concrete slab floors, central HVAC, and a half bath. The residential units each offer 2 bedrooms, 1 bathroom, and an open-concept kitchen/living area. Apartments feature baseboard heat, window AC units, and access to a shared covered porch/balcony. One unit is currently rented fully furnished on a short-term basis.Current total rental income is $7,150 per month. Operating expenses include taxes, insurance, lawn maintenance, exterior lighting, water, and property management. Listing agent is also the property manager.No interior showings until under contract. List of improvements and expenses available upon request.
Property Features
Property Type: Multi Unit - Multiple
Heating: Baseboard, Central, Electric, Heat Pump, Other - See R
Lot Size: 0.51 Acres
Roof Type: Rubber
Year Built: 1970
Amenities
Lawn Maintenance
Feature Descriptions
Appliances: Electric Range, Refrigerator
Days on Site: 36
Exterior: Brick Partial, Vinyl
Flooring: Vinyl, Other - See Remarks
Foundation: Slab
Horse Amenities: None
Laundry: In Kitchen
Lot: Paved, Other - See Remarks
Lot Dimensions: 146x145
Other Parking: Upper and lower parking areas
Parcel#: 06-63-3-22
Parking: Parking Lot, Parking Space(s)
Patio/Porch: Awning(s), Balcony, Covered, Porch
Pets Allowed: Conditional
Security: Smoke Detector(s)
Sewer: Public Sewer
Units: 8
Water: City
Local Schools
High School: Hibriten
Middle School: William Lenoir
Elementary School: Whitnel
Listed By / Shown By
Listed By
Agency Name: Raccoon Realty LLC
Agency Contact: 828-729-1976
Shown By
Agent Name: Ed Cashwell
Agent Phone: Cell: (980) 808-9658
Agency Title: Lake Norman Realty
Estimate Your Payment
Estimated Payment
$ 0.00 per month $0.00 Principal & Interest $0.00 Property Tax (data not provided by mls) $0.00 Homeowner's InsuranceChange Payment Information
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319 Connelly Springs Road Sw | MLS# 4423516
This multi-family property located at 319 Connelly Springs Road Sw, Lenoir, NC 28645 is currently listed for sale with an asking price of call for price. Search Lenoir real estate on edc.lakenormanrealty.com today.