114, 111, 126 Farmside Drive, Forest City NC
- 22 Bed
- 2.3 ac
For Sale $1,480,000
Remarks:
14 units, 3 building apartment complex. 100% occupied. 8 units are 2 BR/1 bath and 6 units are 1 BR/1BA. Metal roof is approximately 10 years old. Many upgrades which include updated plumbing, electrical, heat pump/central air in the 2 BR units and central heat new in the 1 BR units with window units, hot water heaters. Two community wells on the property and owners say water flow and supply are good. Current rent roll is $8430 per month/ $101,160 per year. Two units are not on the rent roll due to the owner retaining those for her employees and she rents the 2 BR at $650 and the 1 BR for $550 (same as all other tenants). Termite Warranty. Water is supplied by two community wells and owners provide electricity for the water.
General Information:
| List Price: | $1,480,000 |
| Status: | For Sale |
| Bedrooms: | 22 |
| Type: | Apartment |
| Parking: | Parking Space(s) |
| MLS Number: | CAR4149916 |
| Subdivision: | None |
| Lot Description: | Cleared, Level |
| Year Built: | 1980 |
| Sewer Type: | Septic Installed |
Assigned Schools:
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 04-29-2025 | Listed | $1,480,000 | N/A |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Spindale Elementary School | 2 miles | PK-05 | 6 |
| Rutherfordton Elementary School | 3 miles | PK-05 | 7 |
| Forest City-Dunbar Elementary School | 3 miles | PK-05 | 4 |
| Harris Elementary School | 3 miles | PK-05 | 7 |
| Forrest W. Hunt Elementary School | 4 miles | PK-05 | 8 |
| Mt. Vernon-Ruth Elementary School | 6 miles | PK-05 | 5 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 114, 111, 126 Farmside Drive, Forest City NC | 0 mi | $1,480,000 | days | |
| 171 Carver Lane, Forest City NC | 0.3 mi | $349,500 | days | |
| 847 Crowe Dairy Road, Forest City NC | 0.4 mi | $389,000 | days | |
| 304 Maryland Drive, Forest City NC | 0.5 mi | $245,999 | days | |
| 732 Crowe Dairy Road, Forest City NC | 0.6 mi | $1,300,000 | days | |
| 1349 US 221 Highway, Rutherfordton NC | 0.7 mi | $275,000 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28043
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Transportation to Work |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By Odean Keever & Associates, Inc.
114, 111, 126 Farmside Drive, Forest City NC is a ft2 on a 2.310 acres lot. This is for $1,480,000. This has 22 bedrooms, baths, and was built in 1980.
Based on information submitted to the MLS GRID as of 2025-04-29 10:31:19 EST. 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.
Properties displayed may be listed or sold by various participants in the MLS.
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Neither Yates Realty 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.
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