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576 W Orchard Street

Old Fort, NC 28762

18 beds
– baths
6,750 sqft
~3/4 acre lot
$54 per sqft
1965 build
– on site

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RESIDENTAL MULTI-UNIT is now available in the much sought after area of Old Fort! These 9 apartments are in a great location, within the city limits, along the banks of Mill Creek on W Orchard Street. Walkable distance to Old Fort's breweries, restaurants, shopping, etc! Excellent opportunity to own a income producing property. With some much needed repairs and/or updates, the potential for increased profitability is high. Current rent ($350-$500) is well below current rent rates for this area. Property is being sold "AS IS" "WHERE IS". All apartments sold together! Each are individually metered so tenants pay for electric and water. All are 750 sq ft with 2 bedrooms/1 bath. No appliances are included in the units. There is a hookup for a stacked washer and dryer. Tenants use window units for cooling and baseboard heat. 1 unit has had some renovating. 5 units are currently being rented (month to month). Building is priced to sell! Come take a look today!

Listing courtesy of CMLS / Mountain Lake Realty

Last checked: Checking… • Last updated Feb 13, 2024 •

MLS# 4040719 —

The Building

Year Built:

1965
New Construction:

false
Construction Type:

Site Built
Subtype:

Apartment
Construction Materials:

Concrete Block
Architectural Style:

Other
Roof:

Metal, Rubber
Stories:

1
Basement:

false
Foundation Details:

Slab
# of Units Total:

9
Building Area Total:

6750

Interior

Features:

Open Floorplan
Flooring:

Linoleum
Living Area:

6750
Fireplace:

false

Location

Directions:

From I-40 East, take exit 72 onto Hwy 70. Just after bridge turn left onto Orchard St. Go approx .6 miles, destination is on the right. Look for sign. From I-40 West, take exit 73 and turn right. Take a left onto Commerce St (just past Hillman's Brewery). Go to stop sign and turn right onto Orchard. Go approx .3 miles, destination is on the right. Look for sign.
Latitude:

35.632681
Longitude:

-82.187173

The Property

Type:

Residential Income
Lot Features:

Creek Front, Flood Plain/Bottom Land, Level, Creek/Stream
Lot Size Area:

0.8
Lot Size Units:

Acres
Zoning Specification:

Unknown
Waterfront Features:

None
Road Responsibility:

Publicly Maintained Road
Road Surface Type:

Gravel

Listing Agent

Contact info:

Taxes

Parcel Number:

0750-18-30-0332
Tax Assessed Value:

184480

Beds

Bedrooms Total:

18

Baths

Full Baths:

9

The Listing

Special Listing Conditions:

None
Buyer's Brokerage Compensation:

3

Heating & Cooling

Heating:

Baseboard
Cooling:

None

Utilities

Utilities:

Cable Available, Electricity Connected
Sewer:

Public Sewer
Water Source:

City

Appliances

Appliances:

None
Laundry Features:

Electric Dryer Hookup, Inside, Washer Hookup

Schools

Elementary School:

Old Fort
Middle School:

West McDowell
High School:

McDowell

The Community

Senior Community:

false
Pets Allowed:

Conditional
Restrictions:

Manufactured Home Not Allowed,Modular Not Allowed
Proposed Special Assessment:

No
HOA Subject To:

None

Parking

Parking Features:

Driveway
Garage:

false
Main Level Garage:

No
Carport:

false
Open Parking:

false

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
8/1/23 Aug 1, 2023	Sold	CMLS	$367,500	-2.0%
6/19/23 Jun 19, 2023	Sold Subject To Contingencies	CMLS	$375,000
6/15/23 Jun 15, 2023	Listed / Active	CMLS	$375,000

Multifamily Sold on 8/1/2023

$367,500

Newest listings in Old Fort, NC

Based on information submitted to the MLS GRID as of 5/5/2024 8:32 pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some IDX listings have been excluded from this website. Listings courtesy of Canopy MLS as distributed by MLS GRID.

576 W Orchard Street

Old Fort, NC 28762