374 Water St

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374 Water St

Mooresville, NC 28115
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for sale in Mooresville
  • Priced at one hundred forty-one thousand six hundred sixty-seven dollars per unit
  • Turnkey asset ready for immediate investor acquisition
  • Located minutes from downtown Mooresville services and amenities
  • Situated within the expanding Charlotte metropolitan area

What's Special

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.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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