Veterans United Realty
27 Photos

357 Stillwater Road, Troutman, NC 28166

$545,000 Asking Price

3 beds
2 baths
1,351  sqft
Built in 2017

**Turning up the heat! Reduced 30K!!*Great STR opportunity with a years worth of Data! There has not been many opportunities to invest in Lake Norman Waterfront property at this price for a while! This property has already developed a track record on Airbnb and provided an NOI of almost $23,000 in the last 12 months, listing this offering at a 4% Cap Rate. Sellers also have data showing they have kept pricing within the lower 20-30 percentile via AirDNA, offering opportunity for pricing increases. At $545,000, you are hard pressed to find any other opportunity on Lake Norman whether you are looking to invest or move in and we'd love to discuss further, INCLUDING FURNISHINGS! Bookings will continue throughout the listing and contract period unless requested by contracted buyer, so please do not disturb the tenants stay or go on the property without an approved scheduled showing. Majority of availability will be during the weekdays. Come take a look, this is a Fantastic opportunity!


Listing Status:
Active
Date Added:
May 20, 2024 — 27 days ago
Listing Office:
Coldwell Banker Advantage
Office Phone:
336-996-3971
MLS ID:
4140726

Features & Amenities

Interior

Appliances:
Dishwasher, Electric Range, Electric Water Heater, Refrigerator
Laundry:
Electric Dryer Hookup, Laundry Room
A/C:
Ceiling Fan(s), Central Air
Heating:
Forced Air

Exterior

General:
Fire Pit
Parking:
Detached Garage

Construction

General:
Off Frame Modular,On Frame Modular, Crawl Space

Location

Road/Access:
Gravel, Paved
Originating MLS:
carolina
County:
Iredell

Lot

Zoning:
RA, 4629-87-9010.000
View:
Water

Utilities

Utilities:
Electricity Connected
Water:
Well
Sewer:
Septic Installed

Financial

Source:
carolina
Buyers Agent Compensation:
2.5 %

This listing courtesy of:
Coldwell Banker Advantage

About Troutman, NC

Housing

Number of Units
5,176
Median Home Value
$228,561
Median Rent
$934

17.64% of housing units are renter occupied.

7.82% are vacant.

Commute

Car
72.92%
Public Transportation
0.01%
Walk to Work
5.20%
Work from Home
21.62%
Other
0.25%

The median travel time to work is 19 minutes.

People

Population
12,080
Median Age
40.50
Median Household Size
2.70

Education

High School
29.50%
Associate’s Degree
13.34%
Bachelor’s Degree
17.80%
Graduate Degree
7.55%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

Veterans United Homefront

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Copyright © 2024 MLS GRID. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last Updated: June 16, 2024 7:24 am.

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