Price Reduction - New Construction
198 Cowan Street, Rutherfordton, NC
$ 2,650,000
Property Attributes
  • ID#4143992
  • TypeMulti-Family
  • CityRutherfordton
  • AreaRutherford County
  • Zip28139
  • Style
  • Price$ 2,650,000
  • Bedrooms17
  • Full Bathrooms17
  • Half Bathrooms0
  • Sqr Footage11832
  • Lot Size1.51 Acres
Data Source:
Canopy MLS
Property Description

Brand new renovation project just off Main St in Rutherfordton. 17 new units are being finished up. Each are 1 bed/1 bath. The project has phase 2 and 3 that would allow you to build 24 more units. This is a fantastic opportunity to take on the new units and then move forward with the new construction on the 24 more. The grading is being finished and getting ready for paving. The price here includes the seller finishing out these 17 units. Just 2 blocks to downtown Rutherfordton. This will be a wonderful rental community when finished. So much opportunity here to build on. Talk to listing agent if you want to work on finishing the 17 units yourself as there would be a price reduction for that.

Elementary School Middle School High School
Unspecified Elementary School Unspecified Middle School Unspecified High School
Price History
5/23/2024 Listed $2,850,000
5/24/2024 8% - $2,650,000

General Features

Sewer Public Sewer
Heating Ductless
Cooling Ductless
Utilities Electricity Connected
Roof Metal
Appliances Refrigerator
Exterior Features Other - See Remarks
Zoning R2R
Construction Materials Hardboard Siding,Other - See Remarks
Pets Allowed Call
Year Built 1984
Tenant Pays Other
Property SubType Apartment
County Rutherford
New Construction Yes
Property Type Residential Income
High School Unspecified
City Rutherfordton
NumberOfUnitsTotal 17
Lot Size Units Acres
Elementary School Unspecified
Middle/Junior High School Unspecified
Standard Status Active
CAR_HOASubjectTo None
Construction Type Site Built
Tax Assessed Value 133600

Interior Features

Flooring Vinyl
Fireplace Y/N No
Above Grade Finished Area 11832
Full Baths 17
Laundry Features Laundry Room
Total Bedrooms 17

Exterior Features

Parking Features Parking Lot
Lot Features Wooded,Other - See Remarks
Water Source City
Lot Size Area 1.51
Foundation Details Crawl Space,Slab
Building Area Total 11832
Road Surface Type Asphalt,Paved
Road Responsibility Private Maintained Road
Main Level Garage YN No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 28139

AVG $2.65M
AVG 337
Data Provided by Inside Real Estate®
Year Built
AVG 1984

Areas We Cover