198 Cowan St - Apartments FOR SALE


Rutherfordton, NC 28139
$2,200,000 USD
828-545-9953
198 Cowan St, Rutherfordton, NC for Sale
$2,200,000 USD
Apartments - FOR SALE
1/39
null | 8.97% Cap Rate

198 Cowan St
Rutherfordton, NC 28139


HIGHLIGHTS

  • Close to Downtown
  • Great Parking
  • Newly Renovated

OVERVIEW

This is a completely renovated building that offers 17 units just a couple blocks from downtown Rutherfordton. There are biking/walking trails between downtown and the complex offering a lovely setting for tenants. All units have 1 bedroom and 1 full bath and laundry hook ups inside. The complex has been easy to rent and our property management firm would love to stay on board with the new owner. Each unit currently leases for $995 month. Each tenant pays their own power bill. Tenants pay $50 month for water, trash and sewer. This is an easy add to your portfolio as things are running well in the complex and everything was just renovated.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$224 USD /SF

# OF UNITS

17

PRICE/UNIT

$129,412

CAP RATE

8.97%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

PARKING SPACES

38

LAND DETAILS

LAND ACRES

15.49 AC

LAND SF

674,744 SF

ZONING

COM

APN/PARCEL ID

1203720

ASK ABOUT THIS PROPERTY

Aaron KraftHouse In Order, LlcMore Info
828-545-9953

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Aaron KraftHouse In Order, LlcMore Info
828-545-9953

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.