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Property view

576 W Orchard Street, 
Old Fort, NC 28762

$367,500


18

Beds


9

Baths


6,750

Sq Ft


Multi-Family

Sold

Listed by

Regina Farmer

Brenda Hoyle

Bought with Greybeard Realty Old Fort Office

Mountain Lake Realty

MLS#

4040719

Source:

CH

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About This Home

576 W Orchard Street

RESIDENTAL MULTI-UNIT is now available in the much sought after area of Old Fort! These 9 apartments are in a great location, within the city limits, along the banks of Mill Creek on W Orchard Street. Walkable distance to Old Fort's breweries, restaurants, shopping, etc! Excellent opportunity to own a income producing property. With some much needed repairs and/or updates, the potential for increased profitability is high. Current rent ($350-$500) is well below current rent rates for this area. Property is being sold "AS IS" "WHERE IS". All apartments sold together! Each are individually metered so tenants pay for electric and water. All are 750 sq ft with 2 bedrooms/1 bath. No appliances are included in the units. There is a hookup for a stacked washer and dryer. Tenants use window units for cooling and baseboard heat. 1 unit has had some renovating. 5 units are currently being rented (month to month). Building is priced to sell! Come take a look today!

Home Facts

Multi-Family

9 Baths

18 Bedrooms

Built in 1965

Price Summary

375,000

$55 per Sq. Ft.

MLS #:

4040719

Sold:

August 1, 2023


Rooms & Interior

Bedrooms

Total Bedrooms:

18

Bathrooms

Total Bathrooms:

9

Full Bathrooms:

9

Interior

Living Area:

6,750 Sq. Ft.


Structure

Structure

Building Area:

6,750 Sq. Ft.

Year Built:

1965


Lot

Lot Size (Sq. Ft):

34,848


Finances & Disclosures

Finances

Price:

$375,000

Price per Sq. Ft:

$55 per Sq. Ft.

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