15 & 26 Rivermoor Drive
Brevard,
NC
28712
Property Details
List Price: |
$1,750,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
11929 Square Feet |
Agency: |
Keller Williams Professionals |
Agency Phone: |
(828) 254-7253 |
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 |
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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. |