506 E Marion St - Apartments FOR SALE


Shelby, NC 28150
$699,000 USD
704-817-4546
506 E Marion St, Shelby, NC for Sale
$699,000 USD
Apartments - FOR SALE
1/84
null | 7% Cap Rate

506 E Marion St
Shelby, NC 28150


OVERVIEW

Discover this beautifully renovated, turnkey investment opportunity in the heart of Shelby. This multi-unit property features five units, three of which are already leased, providing immediate income potential. Ideally located just a short drive from the vibrant downtown area, this investment gem is ready for its next owner. Renovated in 2022, the property boasts modern updates, including new wiring, HVAC systems, kitchens, appliances, and more. With all the hard work already done, this property is primed and ready for its new owner to start collecting rent. Don’t miss the chance to make this exceptional investment yours! All units are currently occupied, but Unit 4 will be vacant and available for showings in Oct/Nov. Please do not disturb any of the tenants. Square footage is from tax records and has not yet been verified. Please contact agent for further details. Some upgrades were permitted as part of the renovations. Listing agent is also the property manager.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$140 USD /SF

# OF UNITS

5

PRICE/UNIT

$139,800

CAP RATE

7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

RO

APN/PARCEL ID

18595

ASK ABOUT THIS PROPERTY

Matt KalnenMy Home CLTMore Info
704-817-4546

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Matt KalnenMy Home CLTMore Info
704-817-4546

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