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15 & 26 Rivermoor Drive
Brevard, NC 28712
Collin O'Berry with Keller Williams Professionals, original listing - (828) 254-7253

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Property Details


List Price: $1,750,000
Beds: --
Baths: --
Status: Active
SqFt: 11929 Square Feet
Agency: Keller Williams Professionals
Agency Phone: (828) 254-7253

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Description/Comments


Lot Size: 7 acre(s)
Property Type: Residential Multi Family-Apartment
Year Built: 1974
Notes: 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.
MlsNumber: --
ListingId: 4230457


Listing Provided By: Keller Williams Professionals, original listing
Phone: (828) 772-1667
Office Phone: (828) 254-7253
Agent Name: Collin O'Berry
Disclaimer: Copyright © 2025 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


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