501 Mill Street
Lowell, NC 28098
- 16 beds
- 20 baths
- 9,712 sqft
- ~1/2 acre lot
- $231 per sqft
- 2024 build
- – on site
The Townes at Mill Street is a new construction multi-family investment developed and constructed by Stonecrest Homes. The property features two buildings each with 4 units for a total of 8 townhome style rentals. It offers an investor great upside potential with an opportunity to continue to steadily increase returns over time and multiple exit strategies. Each unit is separately metered and appliances are included. Units are delivered vacant. Be sure to check the brochure for features, specifications, sales and rent comps. The site is located in a qualified opportunity zone.
Last checked:
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Last updated Jun 11, 2024
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MLS# 4143586 —
The Building
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Year Built:2024
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New Construction:true
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Construction Type:Site Built
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Subtype:Eightplex
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Construction Materials:Brick Partial, Stone, Vinyl
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Builder Name:Stonecrest
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Architectural Style:Transitional
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Roof:Composition
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Patio And Porch Features:Patio
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Door Features:Insulated Door(s)
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Window Features:Insulated Window(s)
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Stories:2
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Basement:false
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Foundation Details:Slab
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# of Units Total:8
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Building Area Total:9712
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Above Grade Finished Area:9712
Interior
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Features:Cable Prewire
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Flooring:Carpet, Laminate
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Living Area:9712
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Fireplace:false
Location
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Directions:N Main St. to Caroline Ave to Mill St.
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Latitude:35.26864094
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Longitude:-81.09719619
The Property
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Type:Residential Income
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Lot Features:Level
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Lot Size Dimensions:150x140
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Lot Size Area:0.5
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Lot Size Units:Acres
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Zoning:MU
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Zoning Specification:MU1
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Waterfront Features:None
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Other Structures:None
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Fencing:Privacy
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Horse Amenities:None
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Road Responsibility:Publicly Maintained Road
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Road Surface Type:Concrete, Paved
Listing Agent
- Contact info:
- Agent phone:
- (704) 442-1774
- Office phone:
- (704) 442-1774
Taxes
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Parcel Number:307169
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Tax Assessed Value:1945080
Beds
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Bedrooms Total:16
Baths
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Full Baths:16
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Half Baths:8
The Listing
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Special Listing Conditions:None
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Buyer's Brokerage Compensation:1.5
Heating & Cooling
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Heating:Central, Heat Pump
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Cooling:Central Air, Heat Pump
Utilities
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Utilities:Cable Available, Electricity Connected
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Sewer:Public Sewer
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Water Source:City
Appliances
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Appliances:Dishwasher, Disposal, Electric Range, Microwave, Refrigerator, Washer/Dryer
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Laundry Features:Laundry Closet
Schools
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Elementary School:Unspecified
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Middle School:Unspecified
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High School:Unspecified
The Community
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Subdivision Name:None
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Senior Community:false
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Community Features:None
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Pets Allowed:Conditional
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Restrictions:N/A
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HOA Subject To:None
Parking
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Parking Features:Parking Space(s)
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Garage:false
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Main Level Garage:No
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Carport:false
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Open Parking:true
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Open Parking Spaces:16
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/27/24
May 27, 2024
|
Listed / Active | CMLS | $2,250,000 | |
5/23/24
May 23, 2024
|
Coming Soon | CMLS | $2,250,000 |