Mark: 704-985-3128   Phyllis: 704-985-0808   Ann: 704-219-4663   Office: 910-439-9600 
Lake Tillery Waterfront Homes For Sale Reviews Contact Us

UNDER-CONTRACT: 20713 Us Hwy 52 Highway S , Albemarle, NC, Albemarle NC

More about this property

Your resquest has been sent. We will contact you ASAP.
5 units, leased month to month at $450. I project the leases could be raised to $550 with no improvements and higher with improvements. Priced at a 9% cap as is with a 30% management / maintenance criteria which is non-existent in reality. Pricing the cash flows as 70%, and selling the property for $150,000 in 15 years leaves an NPV of $64,000 instead of 0. I have allowed $110,000 (approx) in money on the table. I am open to offers and thoughts.

Price: $210,000

Status: Active Under Contract

Address: 20713 Us Hwy 52 Highway S , Albemarle, NC

County: Stanly

Bedrooms: 5    Baths: 1/0

Living Area: 3,720 sqft (estimated)

Architecture: Garden

Property Type: Residential Income Multi-Family

ConstructionT: Manufactured,Site Built

Foundation: Block, Crawl Space

Lot Size: 1.2600 acres 196, 307, 74, 135, 67, 139 per tax record

Lot Features: Paved, Wooded, Views, See Remarks

Zoning Desc.: CountyHB

Appliances: Other

Fireplace: Other

Flooring: See Remarks

Heating: Central, Heat Pump, See Remarks

Laundry: Other


Parking: Parking Lot, Parking Space - 4+, Other

Year Built: 1957

Driveway: Asphalt,Gravel

Community: Other


Elementary School: Unspecified

Middle School: Unspecified

High School: Unspecified

Water Source: Public,County Water

Sewer: Public Sewer,County Sewer

Water Heater: Electric

SpecialListingConditions: None

Deed Reference: 1576/147

Geocode Source: Manual

Table: Listing - Multifamily

Pets Allowed: Yes

Canopy MLS Info

MLS#: CAR3652515

Listing Data Date: 2020-09-16 00:52:06.434

Photos Changed: 2020-09-16 00:52:06

Pending: 2020-09-15 04:00:00

Status Change: 2020-09-16 00:51:21

Broker: NorthGroup Real Estate, Inc.

The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither RE/MAX Properties nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2020 Carolina Multiple Listing Services, Inc.


The Tillery Team
RE/MAX Properties

Call: (910) 439-9600

Mark McRae Owner / Broker
Mark McRae, Broker/Owner
Cell 704-985-3128

Phyllis Kimrey Realtor / Broker
Phyllis Kimrey-Dunn, Realtor/Broker
Cell 704-985-0808

Ann Cleaver Realtor / Broker
Ann Cleaver, Realtor/Broker
Cell 704-219-4663

EHO, Realtor, Realtor MLS logos

RE/MAX Hall of Fame Award
RE/MAX Lifetime Achievement Award
RE/MAX Chairman's Club
RE/MAX Platinum
RE/MAX 100 Award
RE/MAX Executive Club

Receive NEW listings notifications

Lake Tillery Waterfront
Lake Tillery Access
Badin Lake Waterfront
Badin Lake Access
Mt. Gilead
New London

Minimum Price
Maximum Price