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$1,600,000
71 Days On Site

15 & 26 Rivermoor Drive
Brevard, NC 28712

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
11,929
SqFt
$134
/SqFt
1974
Built
County:
Transylvania
15 & 26 Rivermoor Drive15 & 26 Rivermoor Drive15 & 26 Rivermoor Drive15 & 26 Rivermoor Drive
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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.

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Listing Snapshot
Price 
$1,600,000
Days On Site 
71 Days
Bedrooms 
N/A
Inside Area (SqFt) 
11,929 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
7.5 Acres
Year Built 
1974
MLS® Number 
4230457
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoPrice changed to $1,600,000
3 weeks agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Parking 
Detached CarportCircular DrivewayParking LotShared Driveway
Pets 
Yes
Property Sub Type 
Apartment
Sewer 
Septic Tank
SqFt Above 
11929
SqFt Total 
11929
Utilities 
Cable AvailableCable ConnectedElectricity Connected
Water Source 
Public
Zoning 
GR4
Interior Features
Appliances 
DishwasherDisposalElectric OvenElectric RangeRefrigerator
Basement 
Crawl SpaceExterior EntryInterior EntryPartially FinishedWalk-Out AccessWalk-Up Access
Cooling 
Central AirHeat Pump
Heating 
CentralHeat Pump
Laundry Features 
Electric Dryer HookupIn UnitWasher Hookup
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Exterior Features
Construction Details 
Brick
Exterior 
Storage
Lot Features 
LevelOpen LotPasturePrivateRolling SlopeWoodedViews
Roof 
Shingle
Community Features
Community Features 
Street Lights
Financing Terms Available 
CashConventional
Horse Property 
None
Roads 
ConcreteGravelPaved
Schools
School District
Unknown
Elementary School
Unspecified
Middle School
Unspecified
High School
Unspecified
Listing courtesy of Keller Williams Professionals [email protected]


Listings courtesy of Canopy MLS as distributed by MLS GRID

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Last checked - 2025-05-15 11:34 PM UTC

Neighborhood & Commute
Source: Walkscore
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