15 & 26 Rivermoor Drive
Brevard, NC 28712
11929 sqft | #4230457
Description
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.
Interior Details
- CoolingCentral Air, Heat Pump
- Cooling FeaturesCentral Air, Heat Pump
Property Details
- Lot FeaturesFlood Fringe Area, Level, Open Lot, Pasture, Private, Rolling Slope, Creek/Stream, Wooded, Views
- Lot DescriptionFlood Fringe Area, Level, Open Lot, Pasture, Private, Rolling Slope, Creek/Stream, Wooded, Views
- ViewWinter, Year Round
- Exterior MaterialsStorage
Measurements
- Square Feet11929
Parking
- Parking FeaturesDetached Carport, Circular Driveway, Parking Lot, Parking Space(s), Shared Driveway
- Parking TypeCarport
Construction Details
- Basement DescriptionExterior Entry, Interior Entry, Partially Finished, Walk-Out Access, Walk-Up Access
- Property TypeMulti-Family
- Basement1
- Basement Finished1
Condition
- Year Built1974
Material information
- FoundationCrawl Space
- RoofShingle
Utilities / Energy Details
- Utility FeaturesCable Connected, Electricity Connected, Satellite Internet Available, Wired Internet Available
- AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Refrigerator
- Sewer InformationSeptic Installed
- Utility SourcePublic
Community and Neighborhood Details
- Community FeaturesStreet Lights
Location
- CountyTransylvania
- Elementary SchoolUnspecified
- Middle SchoolUnspecified
- High SchoolUnspecified
- ZoningGR4
Financial Details
- Original List Price$1,750,000
- Days on Market (Cumulative)32
Restrictions
- PetsYes
Other
- MLS #4230457
Location
Legal
Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 2025-03-06 21:17:05. 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. Some IDX listings have been excluded from this website.
Last Updated: . Source: CANOPY
Listing Courtesy
Listing Agent: Collin O'Berry (#CARcoberry), Email: collin.oberry@gmail.com
Listing Office: Keller Williams Professionals (#CARNCM12570)
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