15 & 26 Rivermoor Drive
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$1,750,000
Community: Brevard in Transylvania County
Thank You!
You will be hearing from us soon. In the meantime, if you'd like to learn more about this property, click here
If You Have Any Other Questions, Call Us At 1(888)-247-3466
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.
Original Listing Price:
1,750,000
MLS #: 4230457
Listing Status: Active
Days on Market: 43
Buying Firm Commission: Test
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Map
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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.
Disclaimer: The map service includes search results such as listings and related information provided by third parties. Walnut Cove Realty makes no representations or warranties regarding the accuracy or completeness of the information provided by these third parties.
Property Features
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Year Built: 1974
Water: Public
Roof: Shingle
Exterior Features: Storage
Basement/Foundation: Crawl Space
Community Features: Street Lights
Sewer: Septic Installed
Heating/Cooling: Central,Heat Pump
Cooling: Central Air,Heat Pump
Garage/Carport: Detached Carport,Circular Driveway,Parking Lot,Parking Space(s),Shared Driveway
Lot Description: Flood Fringe Area,Level,Open Lot,Pasture,Private,Rolling Slope,Creek/Stream,Wooded,Views
Mortgage Calculator
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Schools
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- High School: Unspecified
- Middle School: Unspecified
- Elementary School: Unspecified