$224,999
Accepting Backup Offers

702 E Main Street

Cherryville, NC 28021
2944 sqft | 3 beds | #4106662
Browse 44 photos
Type:Multi-Family
Structure:Unit
Zone:Residential

Description

Currently taking Backup Offers! CALLING ALL INVESTORS w/ vision who want monthly cash flow! Former funeral home walking distance to thriving downtown Cherryville & city has a shortage of rentals according to Downtown Director! This property has a conditional use for multi-family for up to 6 units due to acreage. 5 Exterior Entrances. Listed as a 3 bedroom due to 6'9" ceiling height upstairs, where you find 3 additional rooms and an additional 1358 sq ft. Since it was previously used as commercial space, there are no full bathrooms-(2) half baths w/ a separate shower stall. Double lot w/ ginormous parking lot, 4 bay garage, w/ plenty of room for potential second build. Rent out garage space to future tenants for vehicles or storage. Add coin laundry for addtl cash flow. Check to see if parking lot can be subdivided so you can sell - the opportunities are endless! 3 cars are negotiable - sell to help w/ renovation budget! Cross-listed in Commercial(MLS 4104640) & Residential(MLS 4106617)

  • Interior Details
      • CoolingOther - See Remarks
      • Cooling FeaturesOther - See Remarks
    • Beds & Baths
      • Bedrooms3
      • Half Baths2
  • Property Details
      • Lot FeaturesCleared, Level, Paved
      • Lot DescriptionCleared, Level, Paved
      • Exterior MaterialsStorage
    • Measurements
      • Square Feet2944
    • Parking
      • Parking FeaturesAttached Carport, Detached Garage, Parking Lot
      • Parking TypeGarage
      • Parking Spaces4
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1942
    • Material information
      • FoundationBasement
  • Utilities / Energy Details
      • Sewer InformationPublic Sewer
      • Utility SourceCity
  • Community and Neighborhood Details
      • Subdivisionnone
    • Location
      • Elementary SchoolCherryville
      • Middle SchoolJohn Chavis
      • High SchoolCherryville
      • CountyGaston
  • Financial Details
      • Original List Price$342,000
      • Days on Market (Cumulative)223
  • Restrictions
      • PetsCall
  • Other
      • MLS #4106662

Location

Victoria Green | Coldwell Banker RealtyReal Estate Group
$
years

Down Payment

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%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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