15 & 26 Rivermoor Drive, Brevard, North Carolina 28712
$1,600,000 | MLS #4230457
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.
Contact Collin O’Berry of Altamont Property Group or Preston Mayfield of Keller Williams Professionals for more information.
Collin O’Berry
collin.oberry@gmail.com
828-782-5582
Preston Mayfield
ncmountainre@kw.com
678-458-0088
