702 E Main Street Cherryville, NC $ 324,000
702 E Main Street
$ 324,000
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702 E Main Street

Cherryville, NC, 28021
$ 324,000
Bedrooms3 Baths0.2 Sq 2,944

Monthly Estimate*

$ 2,263

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Multi-Family Home for sale in Cherryville, NC

for $324,000 with 3 bedrooms and 2 half baths. This 2,944 square foot home was built in 1942 on a lot size of 0.68.

Motivated Seller! CALLING ALL INVESTORS with vision who want monthly cash flow! Former funeral home walking distance to up & coming downtown Cherryville! This property has a conditional use for multi-family for up to 6 units due to acreage (see attached zoning regulations and call Cherryville Planning Department with questions). Listed as a 3 bedroom due to 6'9" ceiling height upstairs, where you will find 3 additional rooms and an additional 1358 sq ft. 5 exterior entrances. Since it was previously used as commercial space, there are no full bathrooms - only (2) half baths with a separate shower stall. Double lot with ginormous parking lot and 3 bay detached garage with plenty of room for potential second build. Rent out garage space to future tenants for vehicles or regular storage. Add coin laundry for additional cash flow - the opportunities are endless! You have to see this one to understand its full potential! Cross-listed in Commercial (MLS 4104640) and Residential (MLS 4106617)

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Multi-Family Active

Price

$ 324,000

Bedrooms

3

Half Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.68

Year Built

1942

Town/City

Cherryville

County/Region

Gaston

MLS | Web ID

4106662

Features
General
Sewer Public Sewer
Heating Other - See Remarks
Cooling Other - See Remarks
Appliances None
Exterior Features Storage
Construction Materials Brick Partial Vinyl
Pets Allowed Call
Year Built 1942
Tenant Pays Other
Property SubType Apartment
Accessibility Two or More Access Exits Ramp(s)-Main Level
County Gaston
New Construction N
Property Type Residential Income
Subdivision Name none
High School Cherryville
City Cherryville
Total Units 6
Street Name Main
Elementary School Cherryville
Middle/Junior High School John Chavis
Standard Status Active
Construction Type Site Built
Restrictions Other - See Remarks
Tax Assessed Value 208960
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Interior
Flooring Carpet
Fireplace Y/N N
Above Grade Finished Area 2944
Full Baths 0
Half Baths 2
Street Suffix Street
Laundry Features None
Total Bedrooms 3
Below Grade Finished Area 0
SqFt Garage 948
Number Of Completed Units Total 0
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Exterior
Parking Features Attached Carport Detached Garage Parking Lot
Lot Features Cleared Level Paved
Water Source City
Lot Size Area 0.68
Foundation Details Basement
Building Area Total 2944
Road Surface Type Asphalt Paved
Other Parking (2) parking spaces in front of property 4 bay detached garage and HUGE parking lot in the rear. Garage measurement available upon request.
Lot Size Units Acres
Road Responsibility Publicly Maintained Road
Main Level Garage YN Y
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Internal Only
Street Number 1 702
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* Excluded Features
List By
Premier South

Broker

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$2,263
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Monthly Principal & Interest
$2,263
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
293729 Elementary School
294236 Middle School
Cherryville High School High School
Pricing History
DatePricePrice ChangeDescription
4/19/2024$324,000 -5.26% Price Down
2/5/2024$342,000 Listed Price

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702 E Main Street, Cherryville, NC, 28021 is a Multi-Family Home for sale at $324,000 with 2,944 sqft and a lot size of 0.68. 702 E Main Street has 3 bedrooms, 0.2 baths, and was built in 1942. The property's zip code is 28021 which is in Cherryville, NC