$ 1,100,000
5 N Lafayette ST Shelby, NC 28150
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$ 1,100,000
Est. payment | /mo
0.46 Acres Lot
$ 1,100,000
Est. payment | /mo
0.46 Acres Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4158600
Year Built 1925
Lot Size 0.460 Acres
Acres 0.46
Property Description
Portfolio of 3 Income Properties. All located in uptown Shelby, within 2 blocks of each other.
5 N. Lafayette Street (13 units)
200 W. Marion Street (2 units)
131 W. Marion Street (2 units)
Current annual rent = $137,040
NOI = $96,768
Cap Rate = 8.8%
5 N. Lafayette Street (13 units)
200 W. Marion Street (2 units)
131 W. Marion Street (2 units)
Current annual rent = $137,040
NOI = $96,768
Cap Rate = 8.8%
Location
State NC
County Cleveland
Zoning CB/GB
Interior
Inclusions Building, Land
Building
Structure Type Block,Brick Partial
New Construction false
Others
Senior Community false
Restrictions No Restrictions
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Subject to Lease
© 2024 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Listed by Bill McCarter • Foothills Commerical Real Estate LLC • bill.mccarter@foothillscommercial.com
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "