40-unit Multi-Family Complex located in Spring Lake, NC approximately 5 minutes (2 miles) from FT Bragg. Property is near a Walmart Supercenter and many other restaurants, retailers and hotels. Property consists of Nine (9) all brick buildings with lots of parking. There's "Twenty-Eight (28)", 2BR/1BA, "Five (5)", 2BR/1.5BA and "Seven (7)" spacious 1BR/1BA units all individually metered for electric and water. Tenants pay their own utilities.
Off market
$446,100
1301 King Ave, Spring Lake, NC 28390
--beds
0baths
600sqft
MultiFamily
Built in 1968
-- sqft lot
$446,100 Zestimate®
$744/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Baseboard
Cooling
- Central
Appliances
- Included: Range / Oven, Refrigerator
Features
- 1 Bath, Multiple Units
- Flooring: Carpet, Laminate, Linoleum / Vinyl
Interior area
- Total interior livable area: 600 sqft
Property
Features
- Exterior features: Brick
Lot
- Features: Cul-de-Sac, Dead End Street
Details
- Parcel number: 0511096582
- Zoning: R6
- Zoning description: Residential District
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
Condition
- Fair
- Year built: 1968
Utilities & green energy
- Electric: Duke Progress Energy
- Sewer: Spring Lake Sewer
- Water: Spring Lake Water
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Spring Lake
Other
Other facts
- Flooring: Carpet, Laminate, Vinyl, Carpet And Vinyl
- Zoning: R6
- Appliances: Range/Oven, Refrigerator
- HeatingYN: true
- CoolingYN: true
- Furnished: Unfurnished
- PropertyCondition: Fair
- OwnerPays: Trash Collection, Grounds Care, Management Fee
- NumberOfUnitsTotal: 40
- PropertyAttachedYN: true
- LotFeatures: Cul-de-Sac, Dead End Street
- Cooling: Window Unit(s), Central Air
- ElectricOnPropertyYN: True
- SpecialListingConditions: Standard
- FarmLandAreaUnits: Square Feet
- ConstructionMaterials: Brick Veneer, Brick Veneer And Frame
- SecurityFeatures: Smoke Detector(s)
- Heating: ELEC BASEBOARD, Window Unit
- StructureType: Apartments
- ZoningDescription: Residential District
- Electric: Duke Progress Energy
- YearsCurrentOwner: More than a year
- Sewer: Spring Lake Sewer
- WaterSource: Spring Lake Water
- InteriorFeatures: 1 Bath, Multiple Units
- Exclusions: -Tenant owned property.
- GrossIncome: 185880
- Inclusions: -30 Ranges and 30 Refrigerators
- NetOperatingIncome: 126122
- OperatingExpense: 59758.00
Services availability
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Get a free Zillow Showcase℠ listing and you could sell for .
$446,100
2% more+ $8,922
With Zillow Showcase(estimated)
$455,022