1. North Carolina
  2. Brevard
  3. 15 & 26 Rivermoor Drive
$1,600,000/mo

15 & 26 Rivermoor Drive, Brevard, NC 28712

  • 11,929 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1974
  • Property Lot Size Icon7.5acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $134/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

Don't miss this uncommon multifamily investment opportunity with an excellent location less than 2 miles from the vibrant heart of downtown Brevard NC! This 10-unit apartment complex is separated into 2 buildings each with 5 units. The 10 total units consist of 1x one bedroom, 7x two bedrooms, and 2x 3 bedrooms. City water and electricity are individually metered to each unit. 2 septic tanks service each building (4 total septic tanks). The property currently offers a stable income stream with all units occupied by long-term tenants. Nestled amidst beautiful mountain views, this property boasts additional land that is flat, easily buildable, and located outside the flood plain—perfect for future development or expansion. Rents for existing tenants have not been adjusted in years, creating opportunity for a new operator to realize additional cash flow with value add strategies and rent adjustments to current market levels. No showings without appointments, please don't disturb tenants.

Listing Status:
Active
Listing Office:
Keller Williams Professionals : 828-254-7253
MLS ID:
4230457
  • Appliances: DishwasherDisposalElectric OvenElectric RangeRefrigerator
  • Laundry: Electric Dryer HookupIn UnitWasher Hookup
  • Basement: Exterior EntryInterior EntryPartially FinishedWalk-Out AccessWalk-Up Access
  • A/C: Central AirHeat Pump
  • Heating: CentralHeat Pump

This listing courtesy of Keller Williams Professionals

Location

Schools Nearby

B

Brevard Elementary School

399 Greenville Hwy, Brevard, NC, 28712

Grades PK-5

1.79 miles away

B

Brevard Middle School

400 Fisher Rd, Brevard, NC, 28712

Grades 6-8

2.92 miles away

B

Brevard High School

609 N Country Club Rd, Brevard, NC, 28712

Grades 9-12

0.90 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.