Description
Fully rented, income-producing 8-plex in the Whitnel area of Lenoir. The property includes four commercial storefronts at road level and four residential units above, with two separate parking areas. Each commercial space is approximately 1, 500 square feet with concrete slab floors, central HVAC, and a half bath. The residential units each offer 2 bedrooms, 1 bathroom, and an open-concept kitchen/living area. Apartments feature baseboard heat, window AC units, and access to a shared covered porch/balcony. One unit is currently rented fully furnished on a short-term basis. Current total rental income is $7, 150 per month. Operating expenses include taxes, insurance, lawn maintenance, exterior lighting, water, and property management. Listing agent is also the property manager. No interior showings until under contract. List of improvements and expenses available upon request.
Address
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Address: 319 Connelly Springs Sw Road, Lenoir, North Carolina 28645
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City: Lenoir
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State/county: NC
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Zip/Postal Code: 28645
Details
Updated on September 17, 2026 at 8:35 pm-
Property ID 4423516
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Price $750,000
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Property Size 11000 m²
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Bedrooms 8
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Bathrooms 4
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Year Built 1970
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Property Type Eightplex, Residential Income
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Property Status Active, For Sale
Additional details
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Roof Rubber
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Sewer Public Sewer
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Cooling Central Air, Electric, Heat Pump, Window Unit(s)
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Heating Baseboard, Central, Electric, Heat Pump, Other - See Remarks
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Flooring Vinyl, Other - See Remarks
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County Caldwell
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Property Type Residential Income
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Parking Parking Lot, Parking Space(s)
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Elementary School Whitnel
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Middle School William Lenoir
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High School Hibriten
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Architectural Style Other
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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Property Tax
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Home Insurance
Contact Information
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