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114, 111, 126 Farmside Drive

Forest City, NC 28043

22 beds
14 baths
10,910 sqft
~2 acre lot
$144 per sqft
1980 build
– on site

14 units, 3 building apartment complex. 100% occupied. 8 units are 2 BR/1 bath and 6 units are 1 BR/1BA. Metal roof is approximately 10 years old. Many upgrades which include updated plumbing, electrical, heat pump/central air in the 2 BR units and central heat new in the 1 BR units with window units, hot water heaters. Two community wells on the property and owners say water flow and supply are good. Current rent roll is $8430 per month/ $101,160 per year. Two units are not on the rent roll due to the owner retaining those for her employees and she rents the 2 BR at $650 and the 1 BR for $550 (same as all other tenants). Termite Warranty. Water is supplied by two community wells and owners provide electricity for the water.

Listing courtesy of CMLS / Odean Keever & Associates, Inc.

Last checked: Checking… • Last updated Dec 4, 2024 •

MLS# 4149916 —

The Building

Year Built:

1980
New Construction:

false
Construction Type:

Site Built
Subtype:

Apartment
Construction Materials:

Brick Partial
# of Units Total:

14
Roof:

Composition
Foundation Details:

Slab
Stories:

1
Basement:

false
Building Area Total:

10910
Above Grade Finished Area:

10910

Interior

Flooring:

Carpet, Laminate, Linoleum, Vinyl
Living Area:

10910
Fireplace:

false

Location

Directions:

Hwy. 74A to Oakland Road exit. Bear right onto Crowe Dairy Road. Property will be on the left - Farmside Drive.
Latitude:

35.324898
Longitude:

-81.921115

The Property

Type:

Residential Income
Lot Features:

Cleared, Level
Lot Size Area:

2.31
Lot Size Units:

Acres
Zoning Specification:

A31L
Additional Parcels Description:

1215537 and 1215539
Road Responsibility:

Publicly Maintained Road
Road Surface Type:

Asphalt, Paved

Listing Agent

Contact info:

Taxes

Parcel Number:

1215538
Tax Assessed Value:

475900

Beds

Bedrooms Total:

22

Baths

Full Baths:

14

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Electric, Heat Pump
Cooling:

Central Air, Electric, Heat Pump

Utilities

Utilities:

Electricity Connected
Sewer:

Septic Installed
Water Source:

Community Well

Appliances

Appliances:

Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Refrigerator
Laundry Features:

Electric Dryer Hookup, Inside, Washer Hookup

Schools

Elementary School:

Unspecified
Middle School:

Unspecified
High School:

Unspecified

The Community

Subdivision Name:

None
Restrictions:

No Representation
HOA Subject To:

None
Senior Community:

false
Pets Allowed:

No

Parking

Parking Features:

Parking Space(s)
Garage:

false
Main Level Garage:

No
Carport:

false
Open Parking:

true
Open Parking Spaces:

28

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
6/11/24 Jun 11, 2024	Listed / Active	CMLS	$1,580,000

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Newest listings in 28043

This multifamily located in NC 28043 is currently for sale for $1,580,000. 114, 111, 126 Farmside Drive is a 10,910 square foot multifamily with 22 beds and 14 baths that has been on Estately for 208 days. This multifamily is in the attendance area of R-S Middle School, Spindale Elementary School, and R-S Central High School.

Based on information submitted to the MLS GRID as of 1/5/2025 1:32 am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some IDX listings have been excluded from this website. Listings courtesy of Canopy MLS as distributed by MLS GRID.