122 Eastwood Avenue, Fayetteville, NC 28301
$750,000
Property Type:
Comm Sale or Lease
Square Footage:
6,174
Lot Size (sq. ft.):
37,897
Status:
Closed
Current Price:
$750,000
List Date:
4/24/2023
Last Modified:
7/13/2023
Description
Turn-key 9-unit multifamily conveniently located off of Ramsey St., near the Cape Fear River Trail. All units are currently leased (LOW TURNOVER HISTORY), are metered for water, sewer, and electricity separately, and property management is in place. 7-unit is brick and wood siding with identical, spacious 1 bedroom/1 bath units. 1 unit was updated in 2022 with new flooring, paint, bathroom vanity, and lighting. The other units have not been updated because they have had long-term tenants. The duplex is 2 bed/1 bath on each side and features hardwood floors, vinyl flooring in the kitchen, and original bathroom tile. ALL ONE PARCEL! There is room to raise rents to the current market value. Please do not visit the property or disturb the tenants.
More Information MLS# 100380841
Building/Ext Features
# of Units: 9
Lot Acres: 0.87
Lot SqFt: 37897
Lot Dimensions: 175x215
Location Type: Mainland
Contract Info
Available Date: 2023-04-24
Sub-Type: Multi Family
Garage: N/A
Sale/Lease: Sale
Auction: No
List Price/SqFt: 101.23
Stipulation of Sale: Standard
Status: Closed
Marketing Start Date: 2023-04-24
Listing Price: 625000
Current Price: $750,000
Location Information
City Limits: Yes
Marketing City: Fayetteville
Secondary Subdivision: N/A
Street #: 122
Street Name: Eastwood
Street Suffix: Avenue
County: Cumberland
State/Province: NC
Zip Code: 28301
Subdivision: Other
Geo Lat: 35.095556
Geo Lon: -78.875357
Remarks and Showing
Sign on Property: Yes
Directions to Property: From Ramsey St, turn onto Eastwood Ave. The complex is on the right about 1/4 mile.
Building Info
New Construction: No
Legal and Taxes
Tax Assessed Value: 217100
Total City Real Estate Property Tax: 0
Deed Book: 11301
Deed Page: 832
Legal: EAST BUTLER HEIGHTS LO8-10 PT 7 SE01 PL0011-0074
Broker Owner: No
PID: 0438-79-3614
Tax Identifier: 0438793614000
Plat Book: 0011
Plat Page: 0074
Total Real Estate Property Taxes: 3107.04
Special Assessments: None Known
Tax Year: 2023
Zoning: SF6
HOA: No
Cobra Zone: No
Year Built: 1952
Current Use
Multi-Family: 1
Residential: 1
HOA and Neigh Amenities
No Amenities: 1
Attic
Access Only: 1
Basement
None: 1
C & I Features
Storage Inside: 1
Construction
Brick/Stone: 1
See Remarks: 1
Current Service Providers
Electric Provider: Fayetteville Public Works Commission
Sewer Provider: City/Town
Water Provider: Public Water
Exterior Finish
Asbestos: 1
Brick: 1
Wood Siding: 1
Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Flooring
Carpet: 1
Tile: 1
Vinyl: 1
Wood: 1
Fuel Tank
None: 1
Parking Features
Off Street: 1
On Site: 1
Parking Lot: 1
Private: 1
Sale/Lease Includes
Buildings: 1
Land: 1
Roof
Shingle: 1
Road Type/Frontage
2 - 3 Lanes: 1
Maintained: 1
Paved: 1
Public (City/Cty/St): 1
Cooling
Other: 1
Location
Residential: 1
Heating
Other: 1
Heating System Fuel Source
Electric: 1
Water Heater
Electric: 1
Utilities
Electricity Connected: 1
Phone Available: 1
Sewer
Municipal Sewer: 1
BuildingExt Features
SqFt - Heated (Primary): 6174
Status Change Info
Under Contract Date: 2023-05-26
Sold Price: $750,000
Sold Date: 2023-06-28
Property Features
HOA and Neigh Amenities: No Amenities
Attic: Access Only
Basement: None
Construction: Brick/Stone; See Remarks
Exterior Finish: Asbestos; Brick; Wood Siding
Flooring: Carpet; Tile; Vinyl; Wood
Fuel Tank: None
Parking Features: Off Street; On Site; Parking Lot; Private
Roof: Shingle
Current Use: Multi-Family; Residential
Location: Residential
Cooling: Other
Heating: Other
Heating System Fuel Source: Electric
Water Heater: Electric
Utilities: Electricity Connected; Phone Available
Sewer: Municipal Sewer
Terms: 1031 Exchange; Cash; Conventional
Listing Office:
Taylor Made Real Estate
IDX
Last Updated: July - 13 - 2023
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