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This multifamily apartment building at 374 Water St in Mooresville, NC, represents a turnkey investment opportunity in a growing suburban market. Positioned within the Charlotte metropolitan area, the property benefits from proximity to the steady economic expansion of the region. Residents enjoy easy access to the local amenities and professional services found minutes away in downtown Mooresville. Given the layout and residential zoning, the asset is well-suited for long-term rental income strategies focused on attracting local workforce professionals. The property is currently valued at $141,667 per unit, reflecting the current market pricing for residential investments in this segment. The structure serves as a functional addition to an existing portfolio or a stable starting point for those looking to acquire income-producing housing in a commuter-friendly location.
Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.