Rivermoor Drive, Brevard, North Carolina, 28712

$1,600,000

Condo/ Townhome/ Apartment

11,929 Sqft
Active

Seize this rare multifamily investment in Brevard, NC, just 2 miles from downtown’s vibrant core! This well-maintained 10-unit apartment complex features 2 buildings, each with 5 units: 1 one-bedroom, 7 two-bedroom, and 2 three-bedroom units. City water and electricity are individually metered, with 2 septic tanks per building (4 total). All units are occupied by long-term tenants, ensuring stable income. Nestled among stunning views of the Pisgah Mountains, the property includes flat, buildable land outside the flood plain, ideal for expansion. Rents, unchanged for years, offer value-add potential through updates like modern appliances or landscaping. Brevard’s proximity to Pisgah National Forest, DuPont State Forest, and events like the White Squirrel Festival make this a top investment opportunity. No showings without appointments; please don’t disturb tenants.

Street Address: Rivermoor Drive
City: Brevard
State: North Carolina
Postal Code: 28712
County: Transylvania
MLS Number: 4230457
Year Built: 1974
Courtesy of Keller Williams Professionals

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