NOT LISTED FOR SALE

103 Apartment St Morganton, NC 28655

8 Beds
8 Baths
5,040 Sq Ft
0.51 Acres

Last Sold December 04, 2023

Last sale price $395,000 $78 Per Sq Ft

24 Days on Market

Highlights

  • Living Room
  • Drexel Elementary School Rated 9+
  • Dining Area

About This Home

As of December 2023

Rare opportunity to own an eight unit apartment building in Drexel - Income producing investment! Great location! Eight one bedroom one bath units. All the windows have been replaced in 2020. Each unit is individually metered for power. Owner pays for water and sewer.

Last Agent to Sell the Property

Matt Crotts

Nest Realty Morganton Brokerage Email: matt.crotts@nestrealty.com License #296868 Listed on: 09/26/2023

Nest Realty Morganton

Last Buyer's Agent

Tyler Wilcox

EXP Realty LLC Mooresville License #319535

EXP Realty LLC Mooresville

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 0.51

Parking

  • Parking Lot

Home Design

  • Rubber Roof

Interior Spaces

  • 5,040 Sq Ft Home
  • Property has 2 Levels
  • Living Room
  • Dining Area
  • Crawl Space
  • Electric Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Schools

  • Drexel Elementary School
  • Heritage Middle School
  • Jimmy C Draughn High School

Utilities

  • Window Unit Cooling System

Listing and Financial Details

  • Tenant pays for all except water
  • The owner pays for sewer, water
  • Assessor Parcel Number 10576

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Eightplex
  • Year Built: 1947
  • Road Surface Type: Asphalt
  • ResoPropertyType: ResidentialIncome
  • Geocode Confidence: High
  • Attribution Contact: matt.crotts@nestrealty.com
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Crawl Space
  • Room Other: Primary Bedroom,Bathroom(s),Kitchen,Living Room,Dining Area
  • Appliances: Electric Range, Refrigerator
  • Owner Pays: Sewer, Water
  • Basement YN: No
  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Living Area: 5040
  • Building Stories: 2

Exterior Features

  • New Construction: No
  • Roof: Rubber
  • Construction Type: Site Built
  • Waterfront Elevation: 1000
  • Construction Type: Concrete Block

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Parking Lot

Utilities

  • Heating: Electric
  • Sewer: Public Sewer
  • Laundry Features: None
  • Cooling: Window Unit(s)
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Heritage
  • HOA Subject To: None

Lot Info

  • Lot Size Area: 0.51
  • Lot Size Units: Acres
  • Parcel Number: 10576
  • ResoLotSizeUnits: Acres
  • Zoning Specification: G-B

Green Features

  • Green Verification Count: 0

Rental Info

  • Tenant Pays: All except water
  • Pets Allowed: Yes

Multi Family

  • Number Of Units Total: 8

MLS Schools

  • Elementary School: Drexel
  • High School: Jimmy C Draughn

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2023 12/04/23 Sold $395,000 -7.1% $78 / Sq Ft
10/20/2023 10/20/23 Pending -- -- --
09/26/2023 09/26/23 For Sale $425,000 -- $84 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4072954

Canopy MLS (Canopy Realtor® Association)