6
See all 6 photos
$430,000
Est. payment /mo
New
1603 Easterling DR Spring Lake, NC 28390
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Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Spring Lake
MLS Listing ID 761265
HOA Y/N No
Year Built 1937
Property Sub-Type Other
Property Description
This six-unit asset presents a compelling opportunity within a rapidly evolving and positively trending growth corridor. The property consists of multiple detached dwelling structures, each offering functional layouts and contributing to a diversified income stream. The improvements reflect a blend of character and utility, creating immediate livability while supporting long-term value creation.
Positioned in an area experiencing consistent expansion and reinvestment, the surrounding market is marked by increasing demand, ongoing development activity, and a clear trajectory toward higher-density and higher-value uses. The location benefits from strong accessibility to key corridors, employment hubs, and regional drivers, further reinforcing its desirability for both tenants and future end users.
The asset is well-suited for investors seeking a balance of in-place cash flow and strategic upside. Its current configuration provides stable income potential, while the broader market dynamics create a favorable environment for future repositioning, expansion, or redevelopment. As growth continues to push outward and infill opportunities become more limited, properties of this nature are increasingly positioned to benefit from appreciation and enhanced utilization.
In summary, this is a forward looking investment anchored by existing income, supported by a strengthening market, and enhanced by meaningful long-term potential in a corridor that continues to gain momentum.
Positioned in an area experiencing consistent expansion and reinvestment, the surrounding market is marked by increasing demand, ongoing development activity, and a clear trajectory toward higher-density and higher-value uses. The location benefits from strong accessibility to key corridors, employment hubs, and regional drivers, further reinforcing its desirability for both tenants and future end users.
The asset is well-suited for investors seeking a balance of in-place cash flow and strategic upside. Its current configuration provides stable income potential, while the broader market dynamics create a favorable environment for future repositioning, expansion, or redevelopment. As growth continues to push outward and infill opportunities become more limited, properties of this nature are increasingly positioned to benefit from appreciation and enhanced utilization.
In summary, this is a forward looking investment anchored by existing income, supported by a strengthening market, and enhanced by meaningful long-term potential in a corridor that continues to gain momentum.
Location
State NC
County Cumberland
Interior
Fireplace No
Exterior
Water Access Desc Lake
Building
Sewer Septic Tank
Water Lake
Others
Tax ID 9592-93-2992.000
Special Listing Condition Standard
Listed by THE ENTENTE REAL ESTATE GROUP
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