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For Sale

15 & 26 Rivermoor Drive

15 & 26 Rivermoor Drive, Brevard, NC 28712

$1,750,000

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.

11,929 Sq.Ft. LIVING AREA

7.5 Acres lot

Preston Mayfield

title Real Estate Agent
PHONE (828) 376-9068
EMAIL [email protected]
DRE # 348881

Features & Amenities

Interior

Laundry room Electric Dryer Hookup, In Unit, Washer Hookup
APPLIANCES Dishwasher, Disposal, Electric Oven, Electric Range, Refrigerator

Area & Lot

Status For Sale
Living Area11,929 Sq.Ft.
Lot Area7.5 Acres
MLS® ID4230457
TypeCondo
YEAR BUILT1974
Water FrontageNone
View DescriptionWinter, Year Round
Elementary SchoolUnspecified
Middle SchoolUnspecified
High SchoolUnspecified

Exterior

water SourcePublic
utilitiesCable Connected, Electricity Connected, Satellite Internet Available, Wired Internet Available
roofShingle
lot featuresFlood Fringe Area, Level, Open Lot, Pasture, Private, Rolling Slope, Creek/Stream, Wooded, Views
parkingDetached Carport, Circular Driveway, Parking Lot, Parking Space(s), Shared Driveway
HEAT TYPECentral, Heat Pump
AIR CONDITIONINGCentral Air, Heat Pump
sewerSeptic Installed
SubstructureCrawl Space
other exterior FeaturesStorage

Financial

Sales Price$1,750,000
Zoning GR4

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Contact Details

PRESTON MAYFIELD

Phone

(828) 376-9068

[email protected]

Address

86 ASHELAND AVE ASHEVILLE NC 28801

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