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319 Willow Run Drive

Forest City, NC 28043

17 beds
– baths
7,577 sqft
~1 acre lot
$145 per sqft
1971 build
– on site

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Pristine portfolio addition ready; This is an outstanding 8 unit complex (4 Duplexes) practically built from ground up. Brick construction with all new windows, flooring, drywall, electric, cabinets, and plumbing. New roof, quartz counter tops in kitchen. New showers, toilets, vanities, fixtures, refrigerators and ovens in all 8 units. MUST SEE, as everything was brought up to code with proper permitting. Owners spared no expense and it shows. New HVAC in all units and a firewall between rear 4 units and breezeway required by county. With the lack of rental units available in Forest City, these high end units are IN DEMAND. As of May 1st, units will be 100% OCCUPIED. See rent roll attached in MLS. Cap rate is indexed at 9.5% at full occupancy Schedule your tour beginning March 8th. Agents see remarks for disclosures.

Listing courtesy of CMLS / Rivera

Last checked: Checking… • Last updated Dec 2, 2024 •

MLS# 4115918 —

The Building

Year Built:

1971
New Construction:

false
Construction Type:

Site Built
Subtype:

Apartment
Construction Materials:

Brick Full, Vinyl
# of Units Total:

8
Architectural Style:

Traditional
Foundation Details:

Crawl Space
Basement:

Other
Basement:

false
Building Area Total:

7577
Above Grade Finished Area:

7577

Interior

Living Area:

7577

Location

Latitude:

35.32130647
Longitude:

-81.86071929

The Property

Type:

Residential Income
Lot Features:

Cleared, Level, Open Lot, Paved, Private
Lot Size Area:

1.36
Lot Size Units:

Acres
Zoning Specification:

R8
Zoning:

R8
Waterfront Features:

None
Road Responsibility:

Publicly Maintained Road
Road Surface Type:

Concrete, Gravel

Listing Agent

Contact info:

Taxes

Parcel Number:

419295
Tax Assessed Value:

140500

Beds

Bedrooms Total:

17

Baths

Full Baths:

9

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Heat Pump
Cooling:

Heat Pump

Utilities

Sewer:

County Sewer
Water Source:

County Water

Appliances

Appliances:

Bar Fridge, Electric Range, Electric Water Heater
Laundry Features:

In Unit

Schools

Elementary School:

Unspecified
Middle School:

Unspecified
High School:

Unspecified

The Community

HOA Subject To:

None
Senior Community:

false
Pets Allowed:

Call

Parking

Parking Features:

On Street, Parking Lot, Parking Space(s)
Garage:

false
Main Level Garage:

No
Carport:

false
Open Parking:

true
Open Parking Spaces:

12

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
12/2/24 Dec 2, 2024	Sold	CMLS	$1,100,000	-4.3%
9/4/24 Sep 4, 2024	Sold Subject To Contingencies	CMLS	$1,150,000
3/7/24 Mar 7, 2024	Listed / Active	CMLS	$1,150,000

Multifamily Sold on 12/2/2024

$1,100,000

Listing provided by broker:

Juan Rivera

Rivera

Juan@Rivera-Realty.net

Newest listings in Forest City, NC

Based on information submitted to the MLS GRID as of 1/25/2025 10:57 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.

319 Willow Run Drive

Forest City, NC 28043