5 N Lafayette ST, Shelby, NC 28150 – 4158600 - Libby Allison

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Libby Allison

libbyallison1@gmail.com +1(704) 345-7757

$1,100,000

Est. payment - /mo

0.46 Acres Lot

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UPDATED:

11/14/2024 03:03 AM

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%

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

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Listed by Bill McCarter • Foothills Commerical Real Estate LLC • bill.mccarter@foothillscommercial.com

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Libby Allison

+1(704) 345-7757

Agent | License ID: 303873

Agent License ID: 303873

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