Discover this beautifully renovated, turnkey investment opportunity in the heart of Shelby. This multi-unit property features five units, three of which are already leased, providing immediate income potential. Ideally located just a short drive from the vibrant downtown area, this investment gem is ready for its next owner.
Completely renovated in 2022, the property boasts modern updates, including new wiring, HVAC systems, kitchens, appliances, and more. With all the hard work already done, this property is primed and ready for its new owner to start collecting rent. Don’t miss the chance to make this exceptional investment yours!
Active
Price cut: $29K (3/6)
$749,999
506 E Marion St, Shelby, NC 28150
4beds
4,980sqft
Est.:
Condominium
Built in 1951
-- sqft lot
$721,300 Zestimate®
$151/sqft
$-- HOA
What's special
Modern updatesNew wiringHvac systems
- 106 days
- on Zillow |
- 568 |
- 28 |
Zillow last checked: 7 hours ago
Listing updated: March 25, 2025 at 11:54am
Listing Provided by:
Matt Kalnen matt@myhomeclt.net,
My Home CLT
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4212260
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Central, Forced Air, Natural Gas
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Dishwasher, Disposal, Electric Cooktop, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer/Dryer
- Laundry: In Unit
Features
- Flooring: Vinyl
- Windows: Insulated Windows
- Basement: Partial
- Attic: Pull Down Stairs
Interior area
- Total structure area: 4,980
- Total interior livable area: 4,980 sqft
- Finished area above ground: 4,980
- Finished area below ground: 0
Property
Parking
- Parking features: Parking Lot
Features
- Stories: 3
- Patio & porch: Front Porch, Porch
Lot
- Size: 1.18 Acres
- Features: Cleared, Corner Lot, Sloped, Wooded
Details
- Parcel number: 18595
- Zoning: RO
- Special conditions: Subject to Lease
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Condominium
Materials
- Brick Full
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1951
Utilities & green energy
- Sewer: Public Sewer
- Water: City
- Utilities for property: Cable Connected, Electricity Connected
Community & HOA
Community
- Subdivision: None
Location
- Region: Shelby
Financial & listing details
- Price per square foot: $151/sqft
- Tax assessed value: $377,622
- Annual tax amount: $4,652
- Date on market: 1/10/2025
- Listing terms: Conventional
- Tenant pays: All Except Water
- Electric utility on property: Yes
- Road surface type: Gravel, Paved
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