$879,000
Active
40 Days Online
8 Beds8 Baths4,281 SQFT
Active

155 Old Fort Road Fairview, NC 28730

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Immerse yourself in a unique investment opportunity with this immaculately maintained 4-unit townhouse condominium complex. Perfectly situated in the picturesque community of Fairview, NC, this property promises not only a solid return on investment with a 7% cap rate at current rents and up to 9.3% at market rents but also significant room for expansion and development. Each unit has living room, kitchen, half bath, 1-car garage and laundry room on main level; 2 bedrooms 1 full bath upstairs. Unit 2 has been recently renovated with new kitchen appliances, cabinets and countertops. Each unit is designed for comfort with individual heat pumps for heating & AC, underground utilities, and maintenance-free living, from gutters to exterior paint. New well pump and water filtration system. Huge level 2.65 acre lot with Cabernet Sauvignon grape vineyard on site! Potential for development such as organic farm, vineyard expansion, mini storage, pavilion, barn, horses or livestock.

  • Property TypeMulti-Family
  • NeighborhoodFairview Meadows
  • CountyBuncombe
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site39 Days
  • MLS StatusActive
  • MLS ID Number4151760
  • Home Size Source N/A
  • Year Built1988
  • Lot Size2.65 Acres
  • Full Baths4
  • Partial Baths4

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General Features

  • Parking Attached GarageGarage Faces Rear
  • Water Well
  • Garage Spaces 4
  • Attached Garage Yes
  • Property Sub Type Fourplex
  • Sewer Septic Installed

Interior Features

  • Cooling Central Air
  • Heating Heat Pump
  • Appliances DishwasherElectric OvenRefrigerator
  • Laundry Features In GarageLaundry Room
  • Window Features Insulated Window(s)
  • Fireplace No

Exterior Features

  • Exterior Fire Pit
  • Construction Details Cedar Shake

Community Features

  • Association Dues 0
  • Senior Community No
  • Pet Information Conditional

Schools

School District
Unknown
Elementary School
Fairview
Middle School
Cane Creek
High School
AC Reynolds

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Monthly Payment (Est.)

$4,252
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