$158,750
$150,000
5.8%For more information regarding the value of a property, please contact us for a free consultation.
4,356 Sqft Lot
SOLD DATE : 09/22/2023
Key Details
Sold Price $158,750
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4065646
Sold Date 09/22/23
Year Built 1998
Lot Size 4,356 Sqft
Acres 0.1
Property Description
Commercial Unit for sale, perfect for an investor looking for easy passive income! This is located within the city limits of Mooresville and is part of a larger complex of offices and condos. This is tenant occupied, tenant has been here for 5+ years and has always paid on time with no intention of leaving. Unit has been upfitted for her business so there are no repairs or maintenance needed to be done, tenant covers their own insurance as well as water and electricity. Lease is 12 months, amount is $1,120/mo - per the lease, amount increases 5% each year and is set to renew in Feb 2024.
Location
State NC
County Iredell
Building/Complex Name Westfield Condos
Zoning Comm
Interior
Heating Central
Cooling Central Air
Exterior
Utilities Available Cable Available, Cable Connected, Electricity Connected
Street Surface Paved
Building
Foundation Slab
Sewer Public Sewer
Water City
Structure Type Brick Full
New Construction false
Others
Senior Community false
Restrictions Other - See Remarks
Special Listing Condition None
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Bought with Mike Todd • Royal Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "