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    116 Webb Rd Shelby, NC 28152

    For Sale
    $350,000

    MULTI_FAMILY - Shelby, NC

    Lot size:
    2.65 Acres
    Days on Market:
    39
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 116 Webb Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 3, Bedroom 7, Bedroom 8, Bedroom 10, Bedroom 4, Bedroom 5, Bedroom 11, Laundry Room, Bedroom 6, Bathroom 4, Bathroom 1, Bathroom 3, Bathroom 5, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 12, Bedroom 9
    Bedrooms
    12
    APN
    32148
    Parking features
    Driveway
    Appliances
    Electric Oven, Electric Range, ENERGY STAR Qualified Refrigerator
    Lot size
    2.65 Acres

    Utilities

    Heating system
    Heat Pump (Heating), Forced Air
    Cooling system
    Heat Pump

    Building Details

    Year built
    1930
    Number of units
    5
    Building materials
    Aluminum, Vinyl

    EXP REALTY LLC (336) 937-9123 [email protected]

    Listing agent Steven Honeycutt (704) 685-2718

    Listing date Oct 28, 2025

    MLS# 4224629 Listing URL

    Copyright © 2025 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Shelby, NC Investment Opportunity

    This property in Shelby, NC, presents an investor opportunity with five rental units. The property includes two stick-built homes and three manufactured homes, all of which are currently occupied and generating income. The site is equipped with county water and septic systems. A rental manager is currently overseeing the properties. The seller is willing to consider splitting the property, offering the option to purchase only the manufactured homes and the land they occupy. The lot size is 2.65 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Building Supply Auto Repair Shop Auto Parts Store Department Store Food Market Storage Facility Grocery Store Electrical Service Furniture Store Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shelby
    County
    Cleveland
    State
    North Carolina
    Longitude
    -81.641367
    Latitude
    35.28939

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    FAQs

    What type of property is this?
    Residential income property - Five rental units in Shelby, NC with income potential.
    Where is this residential income property located?
    The property is located at 116 Webb Rd Shelby, NC.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Generates steady income from five currently occupied rental units.; - Flexible investment opportunity with the option to purchase only the manufactured homes and land.; - Rental manager already in place for ease of management.
    (704) 685-2718
    Request Owner's contact information
    116 Webb Rd Shelby, NC 28152
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    116 Webb Rd Shelby, NC 28152
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