NOT LISTED FOR SALE

525 E Warren St Shelby, NC 28150

Estimated Value: $138,000 - $208,513

40 Beds
21 Baths
18,476 Sq Ft
$9/Sq Ft Est. Value

Last Sold August 12, 2016

Last sale price $278,000 $15 Per Sq Ft

Est. 40% decrease in value since last sale

Current estimated payment $935/month

157 Days on Market

About This Home

As of August 2016

Income Producing Package! $89,892 gross rents. 16 single family homes, including one duplex (17 units total) priced at $22,882 per unit. All consolidated and centrally located in Shelby NC (Cleveland County), a bedroom community of Charlotte, NC. NOI - $79,250 and amazing cap rate of 20.37% (property management and 80% of the maintenance are performed by the seller). 15 units are all electric, 2 have gas heat. No pending maintenance issues. 100% occupancy.

Last Agent to Sell the Property

Cory Warren

Highland Real Estate License #250480 Listed on: 12/01/2015

Last Buyer's Agent

Daryl McCall

Allen Tate University License #141291

Allen Tate University

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1935

Lot Details

  • 3.06

Home Design

  • Slab Foundation

Additional Features

  • Crawl Space

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 18607

Property Details

Home Type

Multi-Family

Year Built

Built in 1935

Lot Details

3.06 Acres

Listing Details

  • Property Type: Multi-Family
  • Ratio Close Price By List Price: 0.71465
  • Ratio Close Price By Original Li: 0.71465
  • Ratio Current Price By Acre: 90849.67
  • Ratio Current Price By Sq Ft: 15.05
  • Year Built: 1935
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Foundation Details: Crawl Space, Slab
  • Full Bathrooms: 19
  • Half Bathrooms: 2
  • Total Bedrooms: 40
  • Total Sq Ft: 18476

Lot Info

  • Parcel Number: 18607
  • Zoning Specification: R6

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Value: 273378.00
  • Tax Location: Cleveland

Multi Family

  • Unit Count: 16
  • Number Of Units Total: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 2, 2014
Sold by
Dubinson Gaylord Iris
Bought by
Kelley Victor and Kelley Vickie
Current Estimated Value
$167,378
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Kelley Victor $13,500 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2016 08/12/16 Sold $278,000 -28.5% $15 / Sq Ft
05/06/2016 05/06/16 Pending -- -- --
12/01/2015 12/01/15 For Sale $389,000 -- $21 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $551 $55,336 $7,332 $48,004
2024 $174 $12,376 $4,888 $7,488
2023 $173 $12,376 $4,888 $7,488
2022 $173 $12,376 $4,888 $7,488
2021 $174 $12,376 $4,888 $7,488
2020 $167 $11,699 $2,199 $9,500
2019 $167 $11,699 $2,199 $9,500
2018 $166 $11,699 $2,199 $9,500
2017 $162 $11,699 $2,199 $9,500
2016 $161 $11,699 $2,199 $9,500
2015 $286 $23,185 $2,444 $20,741
2014 $586 $49,109 $2,444 $46,665
Source: Public Records

Agents Affiliated with this Home

  • Cory Warren

    Seller's Agent in 2016

    Cory Warren

    Highland Real Estate

    (704) 477-9906

    3 in this area

    8 Total Sales

    Cory Warren
    Section Image

  • D

    Buyer's Agent in 2016

    Daryl McCall

    Allen Tate Realtors

    Section Image
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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3132564

Canopy MLS (Canopy Realtor® Association)

APN: 18607

North Carolina Cleveland County Shelby 28150

525 E Warren St, Shelby, NC

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Canopy MLS (Canopy Realtor® Association) 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. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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