Price Reduction - Waterfront - Primary on Main
Address
357 Stillwater Road, Troutman, NC
Price
$ 545,000
Property Attributes
- ID#1143251
- TypeSingle Family
- CountyIREDELL
- CityTroutman
- Zip28166
- StyleHouse
- Year Built2017
- Taxes$ 2164
- Price$ 545,000
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms0
- Lot Size1.8 Acres
Data Source:
Triad MLS (TRIADMLS)
Property Description
**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, valuing 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!!
| Price History | |
|---|---|
| 5/21/2024 | Listed $575,000 |
| 6/4/2024 | 6% - $545,000 |
General Features
| Interior Features | Ceiling Fan(s),Dead Bolt(s),Kitchen Island |
|---|---|
| Sewer | Septic Tank |
| Heating | Forced Air,Electric |
| Cooling | Central Air |
| Appliances | Microwave,Dishwasher,Slide-In Oven/Range,Electric Water Heater |
| Garage Spaces | 2 |
| Pool Features | None |
| Construction Materials | Vinyl Siding |
| Year Built | 2017 |
| Property SubType | Modular |
| Property Type | Residential |
| HOA / Comm Assn | No |
| Subdivision Name | None |
| Listing Terms | Cash,Conventional,FHA,VA Loan |
| Pool Y/N | No |
Interior Features
| Basement | Crawl Space |
|---|---|
| Flooring | Carpet,Laminate |
| Laundry Features | Dryer Connection,Main Level,Washer Hookup |
| Heating Fuel | Electric |
| Total Heated Finished SqFt Range | 1200 - 1500 |
| Water Heater | Electric |
| Primary On Main | Yes |
Exterior Features
| Parking Features | Driveway,Garage,Garage Door Opener,Detached |
|---|---|
| Water Source | Well |
| Lot Size Acres | 1.8 |
| Acres Range | 2 - 2 |
| Garage Description | Detached Garage |
Amenities
- 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 Single Family Average in 28166
Price
Visits
Year Built
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