144 Nottingham Drive

For Sale

144 Nottingham Drive, Forest City, NC 28043

This Forest City property for sale is located at 144 Nottingham Drive. The current listed sale price for 144 Nottingham Drive is $875,000. 144 Nottingham Drive is situated on a lot that is 2.76 acre in size.

Contacts

broker

Jim Davis

NAI Beverly-Hanks

Property Details

  • Property Type Multi-Family
  • Property Size 6,883 SF
  • Units 9
  • Lot Size 2.76 Acre
  • Additional Rent Contact for pricing
  • Year Built 1968
  • Date Updated Jul 11, 2024
A great multifamily value add opportunity! The sale includes both 144 Nottingham Dr. with a total of five units and 110 Evergreen Ln. with a total of four units. Both properties also include a second parcel with the potential opportunity to expand or build additional structures. Two units at each property have been partially renovated. There is significant potential for rent growth by renovating the five non-updated units or by doing a complete renovation on all units. Additionally, the non-updated units have purposely been rented on a month-to-month basis to allow a new owner an easy transition for renovations. All other units currently have yearly leases. Reach out to the listing brokers for more details on in-place financials and projected pro forma. Buyer responsible for confirming all unit conditions, mechanical details, and other items of importance prior to closing as the ownership is not local and makes no representation.A great multifamily value add opportunity! The sale includes both 144 Nottingham Dr. with a total of five units and 110 Evergreen Ln. with a total of four units. Both properties also include a second parcel with the potential opportunity to expand or build additional structures. Two units at each property have been partially renovated. There is significant potential for rent growth by renovating the five non-updated units or by doing a complete renovation on all units. Additionally, the non-updated units have purposely been rented on a month-to-month basis to allow a new owner an easy transition for renovations. All other units currently have yearly leases. Reach out to the listing brokers for more details on in-place financials and projected pro forma. Buyer responsible for confirming all unit conditions, mechanical details, and other items of importance prior to closing as the ownership is not local and makes no representation.

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Location

  • City Forest City, NC
  • Neighborhood Forest City
  • Zip Code 28043

Points of Interest

  • Ingles Gas Express

    0.50 miles

  • Murphy USA

    0.94 miles

  • Quality Plus

    1.53 miles

  • Southern Star

    1.65 miles

  • Earl's Short Stop

    8.53 miles

  • Gilkey Store

    9.86 miles

  • Thermal Belt Rail Trail - Pine Street Parking

    1.92 miles

  • Thermal Belt Rail Trail Parking - Forrest Hunt

    2.58 miles

  • Quality Inn

    0.87 miles

  • Baymont

    0.88 miles

  • Holiday Inn Express

    1.14 miles

  • Thrifty Motel

    1.70 miles

  • Gardo's Motel

    2.03 miles

  • Stagecoach Inn

    2.48 miles

  • Tri-City Motel

    2.70 miles

  • Firehouse Inn

    5.00 miles

  • Carrier Houses Bed & Breakfast

    5.01 miles

  • Dogwood Inn

    5.59 miles

  • Ingles Markets

    0.39 miles

  • Belk

    0.57 miles

  • Tri-City Mall

    0.61 miles

  • J's Discount

    0.64 miles

  • Mighty Dollar

    0.85 miles

  • Burkes Outlet

    0.91 miles

  • Walmart Supercenter

    1.01 miles

  • ALDI

    1.18 miles

  • ICC Cosmotology Lab

    1.62 miles

  • ICC Book Store

    1.63 miles

In-Depth Research Available for this Property

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Contact Listing Broker

broker

Jim Davis

NAI Beverly-Hanks