Newer Construction
155 Carolwoods Drive #12, Mooresville, NC 28115
For Sale
New
$499,900
Both residences include flexible bonus space, private garages, and a low-maintenance vinyl exterior.
Property Size2,023 SF
Price / SF$214.37
Days on Market4
Property Features for 155 Carolwoods Drive #12
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Parking per Unit
Amenities
Dimensions: survey suggested, Other - See Remarks
Composition, Other - See Remarks
Septic Installed, Other - See Remarks
Additional parcels description:, Parcel Number: 4675-10-9932.000, Assessed Value: $580,120
Carpet, Laminate, Other - See Remarks
2 spaces
Central Air, Other - See Remarks
Electric, Heat Pump, Other - See Remarks
Electric Dryer Hookup, Washer Hookup
Listing ID: CAR4440338, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, 1 day on market, Special Conditions: In Foreclosure
Attached Garage
Elementary School: Unspecified, Middle School: Unspecified, High School: Unspecified
4 total bedrooms
Built in 2023, Living area: 2332, Construction Materials: Vinyl, Other - See Remarks
County/Parish: Iredell
4 full bathrooms, 2 half bathrooms
Electricity Connected, Other - See Remarks, Water Source: Well, Other - See Remarks
Slab
Allowed: Yes
Road Responsibility: Other - See Remarks, Road Surface: Concrete
Kitchen Island
Microwave, Oven
Building Details
Building Size
Year Built
Buildings
Listing Agency:
360 REALTY
Listed By:
Tracey Shrouder
(336) 505-1080
Source:
Blackstreaminternational
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 6 at 2:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 360 REALTY
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Investment Insights
Based on property information with market context.
Built in 2023, this duplex contains two matching residences, each with 2 bedrooms, 2.5 bathrooms, a one-car garage, and an additional flex room. That extra room offers flexible interior space. The building has a vinyl exterior, and the property occupies a lot of more than one acre with privacy noted in the listing remarks.
The property is in Mooresville, with Charlotte described as nearby for commuting. Each unit’s configuration includes dedicated garage parking and bonus space alongside the bedroom and bath layout.
The property is in Mooresville, with Charlotte described as nearby for commuting. Each unit’s configuration includes dedicated garage parking and bonus space alongside the bedroom and bath layout.
Key Highlights
- 2023 construction
- Two residences, each with 2 bedrooms and 2.5 bathrooms
- Each side includes a one‑car garage and additional flex room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,950
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,000
$459.0K
Cap Rate 7%
$327,857
$327.9K
Cap Rate 9%
$255,000
$255.0K
Market Conditions
NOI Build-Up for 2,332 SF
Gross rent
$34.4K $14.76/SF
− Vacancy
−$1.6K −$0.70/SF
EGI
$32.8K $14.06/SF
− OpEx
−$9.8K −$4.22/SF
NOI
$22.9K $9.84/SF
Area
Iredell County, NC
Vacancy
4.75%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,000
Cap Rate 7%
$327,857
Cap Rate 9%
$255,000
Alternative Uses
Best Use
Multifamily LT 5
$327.9K
$286.9K – $382.5K
NOI $22,950 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$302.9K
$265.0K – $353.4K
NOI $21,201 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$734.0K
$642.2K – $856.3K
NOI $51,379 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
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Business Placement
Demographics for 28115, NC
43,413
Population
17,427
Households
2.5
Avg Household Size
38
Median Age
37%
College-Educated
94%
High-School Grad
74.6 sq mi
ZIP Area
582
Density / Sq Mi
$86,724
Median Household Income
$46,921
Median Earnings
$1,193
Median Rent
$330,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include flexible bonus space, private garages, and a low-maintenance vinyl exterior.
Where is this duplex located?
The property is located at 155 Carolwoods Drive #12 Mooresville, NC.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2023 construction; Two residences, each with 2 bedrooms and 2.5 bathrooms; Each side includes a one‑car garage and additional flex room
