NOT LISTED FOR SALE

28263 Nc Hwy 24 27 Hwy Albemarle, NC 28001

16 Beds
16 Baths
7,168 Sq Ft
2.27 Acres

Last Sold September 30, 2021

Last sale price $600,000 $84 Per Sq Ft

4 Days on Market

About This Home

As of September 2021

WE HAVE MULTIPLE OFFERS AND SELLER IS CALLING FOR BEST OFFERS TODAY (7/26) BY 6:00 PM.

GREAT INVESTMENT OPPORTUNITY TO OWN THIS 8 UNIT TOWNHOME/APARTMENT COMPLEX CONVENIENTLY LOCATED ON HWY 24/27 WITH ACCESS TO ALBEMARLE, CONCORD, AND CHARLOTTE. THE OWNER HAS INVESTED IN IMPROVEMENTS THROUGHOUT INCLUDING NEW ROOF (2019), HVAC, FLOOR COVERINGS, APPLIANCES, AND HOT WATER HEATERS IN MANY UNITS. RENTAL RATES HAVE INCREASED AND UPDATES ARE DONE WHEN UNITS TRANSITION. COUNTY WATER, DUMPSTER, LAWN MAINTENANCE, AND EXTERIOR LIGHTING ARE PAID FOR BY THE OWNER. TENANTS ARE RESPONSIBLE FOR ALL OTHER UTILITIES. THE PROPERTY HAS EXCELLENT, CONSISTENT RENTAL HISTORY AND CASH FLOW. GREAT AREA FOR FUTURE GROWTH AND EMPLOYMENT OPPORTUNITIES FOR TENANTS SUCH AS CHARLOTTE PIPE & FOUNDRY MOVE TO NEARBY OAKBORO. PLEASE DO NOT DISTURB THE TENANTS. INTERIOR VIEWS WILL BE ALLOWED IF WE HAVE A VACANT UNIT, OTHERWISE, ALL INTERIOR VIEWS AND INSPECTIONS WILL BE DONE DURING THE DUE DILIGENCE PERIOD.

Last Agent to Sell the Property

Kelly Clark

The Clark Group Real Estate Services LLC License #162429 Listed on: 07/22/2021

Last Buyer's Agent

Marilyn Huneycutt

Whitley Realty, Inc. License #192590

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 2.27

Parking

  • Gravel Driveway

Home Design

  • Traditional Architecture
  • Slab Foundation

Flooring

  • Laminate
  • Vinyl

Additional Features

  • Septic Tank

Listing and Financial Details

  • Tenant pays for all except water
  • Rent includes exterior maintenance, garbage pick-up, outdoor lighting, water
  • Assessor Parcel Number 6527-03-20-5465

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Eightplex
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 1.04348
  • Ratio Close Price By Original Li: 1.04348
  • Ratio Current Price By Acre: 264317.18
  • Ratio Current Price By Sq Ft: 83.71
  • Year Built: 1972
  • Property Features: Range/Oven, Refrigerator
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Full Bathrooms: 8
  • Half Bathrooms: 8
  • Total Bedrooms: 16
  • Equipment: Electric Range, Refrigerator
  • Flooring: Carpet, Laminate Wood, Vinyl
  • Laundry Location: Main
  • Total Sq Ft: 7168

Exterior Features

  • Construction: Brick Full
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Gravel
  • Parking: Driveway

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: Septic Installed
  • Water: County Water
  • Water Heater: Electric

Schools

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

Lot Info

  • Lot Size Area: 2.270
  • Parcel Number: 6527-03-20-5465
  • Zoning Specification: Mul fam

Rental Info

  • Rent Includes: Exterior Maintenance, Garbage Pick-up, Outdoor Lighting, Water
  • Tenant Pays: All except water

Tax Info

  • Tax Value: 377408.00
  • Tax Location: Albemarle

Multi Family

  • Unit Count: 8
  • Number Of Units Total: 8

Range of Values:

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Average Value
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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 List to Sale Price per Sq Ft Prior Sale
09/30/2021 09/30/21 Sold $600,000 +4.3% $84 / Sq Ft
07/26/2021 07/26/21 Pending -- -- --
07/22/2021 07/22/21 For Sale $575,000 +82.5% $80 / Sq Ft
03/30/2012 03/30/12 Sold $315,000 -1.5% $44 / Sq Ft View Prior Sale
02/08/2012 02/08/12 Pending -- -- --
02/01/2012 02/01/12 For Sale $319,900 -- $45 / 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: CAR3765135

Canopy MLS (Canopy Realtor® Association)