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    280 Arrowood Road

    Salisbury, NC 28147
    • $589,000
    • STATUS: Active
    • ON SITE: 70 days
    • ID#: 3743960
    UPDATED: 59 min ago
    $589,000
    • 21
      BEDS
    • 5.5
      ACRES
    • 11
      BATHS
    • 0
      1/2 BATHS
    • 1,650
      SQFT
    • $357
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1972
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    Offered by 1st Cooperative Realty. Copyright 2021 Canopy MLS. All rights reserved.

    Description

    9 Rental Units consisting of 1 Split Level home with 2 units, 7 Mobile Homes and 2 vacant lots that when combined as one can be built on. Averages 98% occupancy yearly. All are in very good condition. Great rental history. Present income is $72,000 per year with expenses at $10,316 per year per owner. 4 wells on the properties. Low taxes and expenses make this investment a great cash flow from day 1.

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    Based on information submitted to the MLS GRID as of 2021-08-04T08:59:18.007 UTC. 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.The data relating to real estate on this Web site derive in part from the Canopy MLS 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 Burton Real Estate Group | Coldwell Bank Residential Brokerage 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. © 2021 Canopy MLS.

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    280 Arrowood Road Salisbury, NC 28147

    • Price: $589,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: 3743960
    21
    Beds
    11
    Baths
    0
    ½ Baths
    5.5
    Acres
    1,650
    SQFT
    $357
    $/SQFT
    1972
    Built
    Neighborhood:
    Greenway
    County:
    Rowan
    Area:
    Salisbury
    Elementary School:
    North Rowan
    Middle School:
    North Rowan
    High School:
    North Rowan
    Property Description
    9 Rental Units consisting of 1 Split Level home with 2 units, 7 Mobile Homes and 2 vacant lots that when combined as one can be built on. Averages 98% occupancy yearly. All are in very good condition. Great rental history. Present income is $72,000 per year with expenses at $10,316 per year per owner. 4 wells on the properties. Low taxes and expenses make this investment a great cash flow from day 1.
    Exterior Features

    Architectural Style Other Construction Materials Aluminum SidingBrick Partial Construction Status Complete Exterior Features Workshop Lot Features See Remarks Parking Features Carport - 1 Car Parking Total 12 Porch Front Road Surface Type Gravel

    Interior Features

    Appliances Electric OvenRefrigerator Below Grade Finished Area 650 Building Area Total 1650 Fireplace YN No Foundation Details See Remarks Heating CentralHeat PumpWall Unit(S) Laundry Features Main Level Unit Type1 Beds Total 4 Unit Type2 Beds Total 2 Unit Type3 Beds Total 2 Unit Type4 Beds Total 3 Unit Type5 Beds Total 3 Unit Type6 Beds Total 2 Unit Type7 Beds Total 2 Unit Type8 Beds Total 3 Unit1 Baths Full 3 Unit1 Baths Half 1 Unit2 Baths Full 1 Unit2 Baths Half 0 Unit3 Baths Full 1 Unit3 Baths Half 0 Unit4 Baths Full 1 Unit4 Baths Half 0 Unit5 Baths Full 2 Unit5 Baths Half 0 Unit6 Baths Full 1 Unit6 Baths Half 0 Unit7 Baths Full 1 Unit7 Baths Half 0 Unit8 Baths Full 1 Unit8 Baths Half 0

    Property Features

    HOASubject To None HOASubject To Dues No Listing Terms CashConventional New Construction YN No Pets Allowed No Property Sub Type Multi-Family Rent Includes Garbage Pick-UpSewerWater Road Responsibility Public Maintained Road Sewer Septic Installed Special Listing Conditions None Structure Type Eightplex+ Tax Assessed Value 264238 Tenant Pays Electricity Unit Count 8 Unit Type1 Total Rent 1600 Unit Type2 Total Rent 600 Unit Type3 Total Rent 500 Unit Type4 Total Rent 750 Unit Type5 Total Rent 650 Unit Type6 Total Rent 600 Unit Type7 Total Rent 600 Unit Type8 Total Rent 700 Water Heater Electric Water Source Well Needed Zoning Description Ra



    Based on information submitted to the MLS GRID as of 2021-08-04T08:59:18.007 UTC. 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.The data relating to real estate on this Web site derive in part from the Canopy MLS 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 Burton Real Estate Group | Coldwell Bank Residential Brokerage 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. © 2021 Canopy MLS.

    Digital Millennium Copyright Act
     
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    Burton Real Estate Group | Coldwell Bank Residential Brokerage
    2166 Mana Court
    Rock Hill SC, 29730
    Offered by 1st Cooperative Realty. Copyright 2021 Canopy MLS. All rights reserved.