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.
Last checked:
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Last updated Mar 6, 2025
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MLS# 4230457 —
The Building
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Year Built:1974
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New Construction:false
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Construction Type:Site Built
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Subtype:Apartment
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Construction Materials:Brick Full, Vinyl
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# of Units Total:10
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Roof:Shingle
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Foundation Details:Crawl Space
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Basement:Exterior Entry, Interior Entry, Partially Finished, Walk-Out Access, Walk-Up Access
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Basement:true
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Building Area Total:11929
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Above Grade Finished Area:11929
Interior
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Living Area:11929
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Fireplace:false
Location
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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.
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Latitude:35.20551829
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Longitude:-82.74273515
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Elevation:2000
The Property
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Type:Residential Income
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Lot Features:Flood Fringe Area, Level, Open Lot, Pasture, Private, Rolling Slope, Creek/Stream, Wooded, Views
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Lot Size Area:7.5
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Lot Size Units:Acres
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Zoning Specification:GR4
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Zoning:GR4
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Exterior Features:Storage
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View:Winter, Year Round
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Waterfront Features:None
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Additional Parcels Description:8585-20-3581-000, 8585-20-1376-000
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Horse Amenities:None
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Road Responsibility:Publicly Maintained Road, Private Maintained Road
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Road Surface Type:Concrete, Gravel, Paved
Listing Agent
- Contact info:
- Agent phone:
- (828) 772-1667
- Office phone:
- (828) 254-7253
Taxes
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Parcel Number:8585-20-2853-000
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Tax Assessed Value:1234720
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Central, Heat Pump
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Cooling:Central Air, Heat Pump
Utilities
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Utilities:Cable Connected, Electricity Connected, Satellite Internet Available, Wired Internet Available
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Sewer:Septic Installed
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Water Source:Public
Appliances
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Appliances:Dishwasher, Disposal, Electric Oven, Electric Range, Refrigerator
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Laundry Features:Electric Dryer Hookup, In Unit, Washer Hookup
Schools
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Elementary School:Unspecified
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Middle School:Unspecified
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High School:Unspecified
The Community
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Community Features:Street Lights
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HOA Subject To:None
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Senior Community:false
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Pets Allowed:Yes
Parking
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Parking Features:Detached Carport, Circular Driveway, Parking Lot, Parking Space(s), Shared Driveway
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Garage:false
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Main Level Garage:No
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Carport:true
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Open Parking:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/5/25
Mar 5, 2025
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Listed / Active | CMLS | $1,750,000 |