NOT LISTED FOR SALE

2 Mears Ave Canton, NC 28716

25 Beds
20 Baths
13,050 Sq Ft
1.89 Acres

Last Sold March 12, 2018

Last sale price $890,000 $68 Per Sq Ft

149 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Attached Garage
  • Canton Middle Rated 9+
  • Lawn
  • Many Trees

About This Home

As of March 2018

Investment opportunity 20 unit apartment complex with excellent rental history conveniently located just off main street downtown Canton. Consists of 4 separate buildings with a total of 18 units consisting of 1 and 2 bedroom and 2 studio affordable units most of which have assigned garage parking. Majority of the units have hardwood floors and have been well maintained. All units have gas heat tenant paid except unit 10 which is electric. Excellent rental history and cash flow.

Last Agent to Sell the Property

James Tart

Allen Tate/Beverly-Hanks Asheville-North License #192471 Listed on: 05/30/2017

Allen Tate/Beverly-Hanks Asheville-North

Last Buyer's Agent

Debbie McMannis

Exit Realty Experts License #235866

Exit Realty Experts

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • Level Lot
  • Open Lot
  • Many Trees
  • Lawn

Home Design

  • Traditional Architecture
  • Stone Siding

Flooring

  • Wood
  • Vinyl

Parking

  • Attached Garage
  • Gravel Driveway

Additional Features

  • 20 Full Bathrooms
  • Crawl Space

Listing and Financial Details

  • Tenant pays for cable, electric heat, electricity
  • Rent includes exterior maintenance, garbage pick-up, interior common lights, management fee, sewer, water
  • Assessor Parcel Number 8657-70-9237

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Apartments
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 0.91282
  • Ratio Close Price By Original Li: 0.91282
  • Ratio Current Price By Acre: 470899.47
  • Ratio Current Price By Sq Ft: 68.20
  • Year Built: 1920
  • Property Features: Range/Oven, Refrigerator
  • Special Features: None

Interior Features

  • Foundation Details: Basement, Basement Partially Finished, Crawl Space
  • Full Bathrooms: 20
  • Total Bedrooms: 25
  • Equipment: Electric Range, Refrigerator, Electric Oven
  • Flooring: Carpet, Vinyl, Wood
  • Laundry Location: Basement
  • Total Sq Ft: 13050

Exterior Features

  • Construction: Brick Full, Stone, Wood
  • Construction Type: Site Built
  • Exterior Features: Lawn Maintenance
  • Publically Maintained Road: Yes

Garage/Parking

  • Driveway: Gravel
  • Parking: Attached Garage, Detached Garage

Utilities

  • Heating: Electric Baseboard Heat, Gas Hot Air Furnace, No A/C
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Laundry Room

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Features: Level, Mountain View, Open Lot, Paved Frontage, Sloping, Trees, Views, Year Round View
  • Lot Size Area: 1.890
  • Parcel Number: 8657-70-9237
  • Zoning: Commercial
  • Zoning Specification: CNC-1

Rental Info

  • Rent Includes: Exterior Maintenance, Garbage Pick-up, Interior Common Lights, Management Fee, Sewer, Water
  • Tenant Pays: Cable, Electric Heat, Electricity

Tax Info

  • Tax Value: 583200.00
  • Tax Amount Ncm: 5599.00
  • Tax Location: Haywood

Multi Family

  • Unit Count: 1
  • Number Of Units Total: 20

Range of Values:

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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
03/12/2018 03/12/18 Sold $890,000 -8.7% $68 / Sq Ft
10/26/2017 10/26/17 Pending -- -- --
05/30/2017 05/30/17 For Sale $975,000 -- $75 / 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: CAR3282862

Canopy MLS (Canopy Realtor® Association)