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15 & 26 Rivermoor Drive

Brevard, NC 28712

– beds
– baths
11,929 sqft
~8 acre lot
$146 per sqft
1974 build
– on site

Don't miss this uncommon multifamily investment opportunity with an excellent location less than 2 miles from the vibrant heart of downtown Brevard NC! This 10-unit apartment complex is separated into 2 buildings each with 5 units. The 10 total units consist of 1x one bedroom, 7x two bedrooms, and 2x 3 bedrooms. City water and electricity are individually metered to each unit. 2 septic tanks service each building (4 total septic tanks). The property currently offers a stable income stream with all units occupied by long-term tenants. Nestled amidst beautiful mountain views, this property boasts additional land that is flat, easily buildable, and located outside the flood plain—perfect for future development or expansion. Rents for existing tenants have not been adjusted in years, creating opportunity for a new operator to realize additional cash flow with value add strategies and rent adjustments to current market levels. No showings without appointments, please don't disturb tenants.

Listing courtesy of CMLS / Keller Williams Professionals

Last checked: Checking… • Last updated Mar 6, 2025 •

MLS# 4230457 —

The Building

Year Built:

1974
New Construction:

false
Construction Type:

Site Built
Subtype:

Apartment
Construction Materials:

Brick Full, Vinyl
# of Units Total:

10
Roof:

Shingle
Foundation Details:

Crawl Space
Basement:

Exterior Entry, Interior Entry, Partially Finished, Walk-Out Access, Walk-Up Access
Basement:

true
Building Area Total:

11929
Above Grade Finished Area:

11929

Interior

Living Area:

11929
Fireplace:

false

Location

Directions:

From downtown Brevard, take S Broad Street. Veer left on Country Club Dr. Pass Brevard Racquet Club on your left, and the property will be on your left.
Latitude:

35.20551829
Longitude:

-82.74273515
Elevation:

2000

The Property

Type:

Residential Income
Lot Features:

Flood Fringe Area, Level, Open Lot, Pasture, Private, Rolling Slope, Creek/Stream, Wooded, Views
Lot Size Area:

7.5
Lot Size Units:

Acres
Zoning Specification:

GR4
Zoning:

GR4
Exterior Features:

Storage
View:

Winter, Year Round
Waterfront Features:

None
Additional Parcels Description:

8585-20-3581-000, 8585-20-1376-000
Horse Amenities:

None
Road Responsibility:

Publicly Maintained Road, Private Maintained Road
Road Surface Type:

Concrete, Gravel, Paved

Listing Agent

Contact info:

Taxes

Parcel Number:

8585-20-2853-000
Tax Assessed Value:

1234720

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Central, Heat Pump
Cooling:

Central Air, Heat Pump

Utilities

Utilities:

Cable Connected, Electricity Connected, Satellite Internet Available, Wired Internet Available
Sewer:

Septic Installed
Water Source:

Public

Appliances

Appliances:

Dishwasher, Disposal, Electric Oven, Electric Range, Refrigerator
Laundry Features:

Electric Dryer Hookup, In Unit, Washer Hookup

Schools

Elementary School:

Unspecified
Middle School:

Unspecified
High School:

Unspecified

The Community

Community Features:

Street Lights
HOA Subject To:

None
Senior Community:

false
Pets Allowed:

Yes

Parking

Parking Features:

Detached Carport, Circular Driveway, Parking Lot, Parking Space(s), Shared Driveway
Garage:

false
Main Level Garage:

No
Carport:

true
Open Parking:

false

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
3/5/25 Mar 5, 2025	Listed / Active	CMLS	$1,750,000

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This multifamily located in NC 28712 is currently for sale for $1,750,000. 15 & 26 Rivermoor Drive is a 11,929 square foot multifamily with – beds and – baths that has been on Estately for 10 days.

Based on information submitted to the MLS GRID as of 3/15/2025 7:28 pm. 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.