Sold on Apr 15, 2024
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Overview
Location
Mortgage
Sold for $740,000
Sold for $740,000
1024 Avondale Rd Lowell, NC 28098
$740,000
CLOSEDBeds
24
Baths
Sqft
6,552
Acres
1.37
Year
1970
Close Date
Jun 30, 2020
Property Type
Residential Income
Sub Type
Apartment
Per Square Foot
$113
Date Listed
Jun 9, 2020
Description of 1024 Avondale Rd, Lowell, NC 28098
Listing details for 1024 Avondale Rd, Lowell, NC 28098 : !!!Attention Investors!!! Here is an opportunity to add 16 units of multifamily real estate to your rental portfolio. The complex consists of 2 buildings that have 12 bedrooms each. All of the units are currently vacant. the owners plans were to rehab and lease up. due to currently being tied up on other projects the seller has decided to sale. some of the units do need rehab work. some just need cosmetics and others may need a little more TLC. This a great opportunity for someone that is already in the multifamily business. Potential rents of 145-150k annual gross after being brought to 100% occupancy rate.
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Listing Updated : 04-15-2026 at 1:56 PM EDT
Property Details
Property Overview
Listing Price
$754,900
MLS #ID
CAR3628268
Close Price
$740,000
Close Date
Jun 30, 2020
Bedrooms
24
Bathrooms
Square Footage
6,552
Acres
1.37
Year
1970
Days on Site
186 Days
Property Type
Residential Income
Property Sub Type
Apartment
Price per Sq Ft
$113
Date Listed
Jun 9, 2020
Location
Schools
Home Specification
Bedrooms
24
Bathrooms
16 Full
Total Square Feet
6,552
Construction / Architecture
Year Built
1970
Construction Materials
Brick Full
Foundation
Crawl Space
New Construction
No
Price per Sq Ft
$113
Lot Size (Acres)
1.37
Lot Dimensions
0
Interior Details
Appliances
Electric Water Heater
Fireplace
No
Heating
Central
Cooling
None
Exterior Details
Garage
No
Parking Features
Parking Lot
Fencing
None
Water Source
City
Sewer
Septic Installed
Taxes, HOA & Financing
HOA Fee Includes
None
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Listing Provided By
Coldwell Banker Carver-Pressley, Realtors
Properties displayed may be listed or sold by various participants in the MLS
Source
Canopy MLS as distributed by MLS GRID, MLS#: CAR3628268
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Property History
DateEventPrice
6/30/2020
Sold
$740,000 -2%
$113/sqft
Source:
Canopy MLS #CAR3628268
Canopy MLS #CAR3628268 6/9/2020
Listed for sale
$754,900 +115.7%
$115/sqft
Source:Canopy MLS #CAR3628268
Canopy MLS #CAR3628268 1/31/2014
Sold
$350,000 -41.6%
$53/sqft
Source:Canopy MLS #CAR2013889
Canopy MLS #CAR2013889 4/18/2011
Listed for sale
$599,000
$91/sqft
Source:Canopy MLS #CAR2013889
Canopy MLS #CAR2013889Location of 1024 Avondale Rd, Lowell, NC 28098
Streetview of 1024 Avondale Rd, Lowell, NC 28098
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Schools Near 1024 Avondale Rd, Lowell, NC 28098
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Claim it to unlock a private owner dashboard, track your equity, and get a free monthly value report.
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Based on information submitted to the MLS GRID as of 2026-04-15. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. @ Copyright 2026, AgentLoft.com - Powered by AgentLoft