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308 Mcbrayer Street, Shelby, NC 28150

56 Bed, 22 Bath Multi-Family Home For Sale

308 Mcbrayer Street, Shelby, NC 28150 House For Sale - MLS #3231857
Off the Market
$429,000
56
22
Multi-Family
5+ Family
22
This listing is courtesy of Southpointe Realty Inc

Property Description for 308 Mcbrayer Street, Shelby, NC 28150

Great investment opportunity in extremely low vacancy market. Olivia Place, a 22 unit apartment home community just a few blocks from Downtown Shelby, is being transformed and all available units are occupied. Rents continue to rise at renewal/rollover and as stabilization to market rates continues potential income is outstanding. Owner projects a 12.6 CAP for 2017 (and 16.0% CAP with continued renovation).

Interior Details

17,176 sq. ft.
$24.98/sq. ft.
Central Air; Electric Baseboard Heat; Wall Unit - AC
City Sewer
City Water

Exterior Details

1.60 acres
69,696 sq. ft.
Parking Space - 4+
Slab

Other Details

3231857
1974
Laundry Room
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Monthly Mortgage Payments

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$2,714

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