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502 E First Street Unit 1 & 2

Cherryville, NC 28021

4 beds
2 baths
2,105 sqft
9,148 sqft lot
$118 per sqft
1956 build
– on site

This great investment opportunity awaits whether you are a savvy or novice investor or simply looking to begin your real estate investing journey. This is a great investment opportunity for a great duplex at a great price. Both units have 2 bedrooms and 1 bath. Both units are occupied with long term tenants. This duplex is located within walking distance of downtown Cherryville and is also conveniently located with 15 minutes of Lincolnton and Gastonia. The Cherryville school district is wonderful if you have kids. The building has a brand new roof put on in 2023. City water and sewer. Please do not disturb tenants. Unit 1 - on left as seen from street was totally updated 6 years ago. All appliances convey except for washer and dryer Unit 2 - 20 year tenant and has not been up dated.

Listing courtesy of CMLS / Vickie Spurling Realty Inc

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

MLS# 4196315 —

The Building

Year Built:

1956
New Construction:

false
Construction Type:

Site Built
Subtype:

Duplex
Construction Materials:

Brick Partial, Vinyl
Architectural Style:

Traditional
Roof:

Composition
Patio And Porch Features:

Awning(s), Other - See Remarks
Window Features:

Insulated Window(s)
Stories:

1
Basement:

false
Foundation Details:

Slab
# of Units Total:

2
Unit Number:

1 & 2
Building Area Total:

2105
Above Grade Finished Area:

2105

Interior

Flooring:

Concrete, Vinyl
Living Area:

2105
Fireplace:

false

Location

Directions:

Hwy 150 to Cherryville, left (south) on Pink Street, left on First Street, dulplex is on right
Latitude:

35.38167857
Longitude:

-81.37407446

The Property

Type:

Residential Income
Lot Size Dimensions:

82x113
Lot Size Area:

0.21
Lot Size Units:

Acres
Zoning:

RES
Zoning Specification:

R-O
Road Responsibility:

Publicly Maintained Road
Road Surface Type:

Gravel, Paved

Listing Agent

Contact info:

Taxes

Parcel Number:

129373
Tax Assessed Value:

174160

Beds

Bedrooms Total:

4

Baths

Full Baths:

2

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Heat Pump, Natural Gas, Space Heater, Other - See Remarks
Cooling:

Central Air, Heat Pump, Window Unit(s), None

Utilities

Sewer:

Public Sewer
Water Source:

City

Appliances

Appliances:

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

Electric Dryer Hookup, Utility Room, Washer Hookup, Other - See Remarks

Schools

Elementary School:

Cherryville
Middle School:

John Chavis
High School:

Cherryville

The Community

Subdivision Name:

None
Senior Community:

false
Pets Allowed:

Yes
HOA Subject To:

None

Parking

Parking Features:

Parking Space(s)
Garage:

false
Main Level Garage:

No
Carport:

false
Open Parking:

true
Open Parking Spaces:

2
Other Parking:

(Parking Spaces: 2-3)

Explore the Area

My Commute

From

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Sale history

Date	Event	Source	Price	% Change
10/31/24 Oct 31, 2024	Listed / Active	CMLS	$249,900
10/30/24 Oct 30, 2024	Coming Soon	CMLS	$249,900	422.8% (33.3% / YR)
2/13/12 Feb 13, 2012		CMLS	$47,800

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Newest listings in Cherryville, NC

This multifamily located in Cherryville, NC 28021 is currently for sale for $249,900. 502 E First Street Unit 1 & 2 is a 2,105 square foot multifamily with 4 beds and 2 baths that has been on Estately for 6 days. This multifamily is in the attendance area of Cherryville Elementary School, Cherryville High School, John Chavis Middle School, and W B Beam Intermediate School.

Based on information submitted to the MLS GRID as of 11/5/2024 3:25 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.