1576 Pine Swamp Road, Fleetwood, NC 28626 (MLS # 201091)

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PRICE $2,100,000
BEDS 0
BATHS 0 bath
HOME SIZE n/a
LOT SIZE 9.09 ac

This is an INVESTOR /DEVELOPER PROPERTY with a high % R.O.I. "Whispering Streams" is a partially (70%) completed Condominium Development with 9 duplex(s) = 18 individual Condo units. 9.092 acres PRIME LOCATION beautifully landscaped grounds with 2 ponds 2 trout streams, 3 HiVol water wells, N.C. State approved Water Treatment facility built & in place. All underground water, sewer, electric, propane tanks, gas lines are in place. All 18 Condo units are 'Top Quality Craftsmanship re Construction' totally "dried in" with hardy board & real Mt. Stone exteriors, asphalt shingle roofs, electric, plumbing, insulation, sheet rock, T&G Ceilings, stone gas log fireplaces, tub/shower, Pella doors & windows...some units have cabinets installed w/ HW & tile floors. 43,000 sq. ft. under roof. Seller has 4.2 million 100% equity position with existing project completed to date including all infrastructure. Per 2.2 mil Offering = $50.00 per sq. ft. Professional estimate for completion cost @ 1.7 million = $39.00 p.s.f. 6 Month TURNKEY POTENTIAL for IMMEDIATE SALE & R.O.I. all based on $89.00 p.s.f. Market Comps demonstrate potential for 40%++ Return on Investment. YOU DO THE MATH!

DAYS ON MARKET 126 LAST UPDATED 9/21/2017
YEAR BUILT 2007 COMMUNITY 20-Pine Swamp, Old Fields, Ash
COUNTY Ashe STATUS Active
PROPERTY TYPE(S) Multi Family

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PRICE HISTORY
Prior to May 22, '17 $2,200,000
May 22, '17 - Today $2,100,000


ADDITIONAL DETAILS
APPLIANCES Dryer Hookup, Other-See Remarks, Washer Hookup
AREA 20-Pine Swamp, Old Fields, Ash
BASEMENT Crawl Space, Full
CONSTRUCTION Hardboard, Ot, Shakes, Stone, Wood
FIREPLACE Yes
HOADESCRIPTION Pond Access
LOT 9.090 acre(s)
SEWER Community/Shared,Other-See Remarks
STYLE Adirondack, Mountain, Other-See Remarks
TAXES 14678.61
UTILITIES 220 Volt Power,High Speed Internet
VIEW Yes
VIEW DESCRIPTION Mountain View,Pastorial View,Seasonal View
WATER Community,Shared Well,Other-See Remarks
WATER ACCESS Pond,Stream/Creek,Trout Stream
WATERFRONT Yes
ZONING Deed Restrictions,Multi-Family,Residential,Subdivi

ZESTIMATE
  1576 Pine Swamp Road, Fleetwood, NC

RENT ZESTIMATE
  1576 Pine Swamp Road, Fleetwood, NC

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Listed with Remax Realty Group

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