$875,000
$899,900
2.8%For more information regarding the value of a property, please contact us for a free consultation.
12 Beds
13.5 Baths
6,132 SqFt
SOLD DATE : 10/16/2023
Key Details
Sold Price $875,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 6,132 sqft
Price per Sqft $142
MLS Listing ID 4066886
Sold Date 10/16/23
Bedrooms 12
Full Baths 13
Half Baths 1
Construction Status Completed
Year Built 1960
Lot Size 1.520 Acres
Acres 1.52
Property Sub-Type Apartment
Property Description
Beautifully remodeled low-maintenance small (55+) 12 unit apartment complex in a prime location with room to expand. 9% Cap Rate at list price. Meticulously Maintained Building and Property. Very low tenant turn-over. Property has stayed full with a waiting list since the 2021 full remodel. Building includes leasing office, coin laundry facilities, ice machine and vending. New since 2020: 40 year metal roof, re-paved entire parking lot, landscaping, signage, almost all building wiring and plumbing replaced or upgraded, all new appliances, water heaters and kitchens, insulation, windows, new A/C units (central and PTAC type).
Location
State NC
County Rutherford
Building/Complex Name Hilltop
Zoning C2
Interior
Interior Features Attic Other, Walk-In Closet(s)
Heating Central, Ductless, Electric, Forced Air, Heat Pump
Cooling Central Air, Ductless, Heat Pump, Multi Units, Varies by Unit, Wall Unit(s)
Flooring Vinyl
Appliance Electric Range, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator
Laundry Common Area, Laundry Room
Exterior
Community Features Fifty Five and Older
Utilities Available Cable Connected, Electricity Connected, Gas, Phone Connected, Underground Power Lines, Underground Utilities, Wired Internet Available
View Long Range, Mountain(s), Year Round
Roof Type Metal
Street Surface Asphalt,Paved
Accessibility Bath Grab Bars, Door Width 32 Inches or More, Lever Door Handles, Swing In Door(s), Handicap Parking, Ramp(s)-Main Level
Porch Front Porch
Garage false
Building
Lot Description Corner Lot, Open Lot, Views
Foundation Slab
Sewer Public Sewer
Water City
Structure Type Brick Full,Brick Partial
New Construction false
Construction Status Completed
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Pets Allowed No
Senior Community true
Special Listing Condition None
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© 2025 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Bought with Jeffrey Aiello • Atlas Property Systems, Inc.
907 Country Club Dr, Lexington, NC, 27292, United States
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