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    6860 Shade Tree Ln Sherrills Ford, NC 28673

    For Sale
    $850,000

    Lakefront duplex, 2 units, high rental income.

    Property size:
    2,676 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional waterfront property in Sherrills Ford, NC, presents a unique investment opportunity. Located at 6860 Shade Tree Ln, this two-unit duplex boasts 2,676 square feet of net rentable space, situated on a 0.46-acre lot. Built in 1991, the property features a desirable two-story layout with four parking spaces. The upper unit offers two bedrooms, while the lower unit provides three bedrooms, plus an unfinished basement area. Each unit has its own electric meter, maximizing rental income potential. The property's prime location includes a private boat ramp, floating covered dock, and pier, adding significant value and appeal. Currently leased as two separate units, this property offers immediate cash flow. The spacious layout also allows for conversion into a single-family residence, offering flexibility for future use. With no HOA fees, this property presents a rare combination of waterfront living, rental income, and potential for future development. The property is zoned HC and has a Catawba County APN of 369608892664000. The asking price is $850,000, or $425,000 per unit, with a price per square foot of $317.64. Serious inquiries only

    Property Features for 6860 Shade Tree Ln

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,676 SF
    Lot Size
    20,038 SF

    Building Details

    Year Built/Renovated
    1991/1991
    Buildings
    1
    Stories
    2
    Units
    2

    HighLights

    • Unique waterfront property with private boat ramp, covered dock, and pier.
    • 2,834 sq ft heated living space, easily convertible to single‑family home.
    • No HOA fees; currently leased as two separate units (2/2 penthouse & 3/2 lower level) with separate electric meters.
    • Excellent potential as a vacation rental.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Restaurant Building Supply Auto Repair Shop Hotel & Motel Kitchen & Bath Department Store Daycare Center Discount Store Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Sherrills Ford
    County
    Catawba
    State
    North Carolina
    Longitude
    -81.0237268
    Latitude
    35.5730893

    Nearby Comparable

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      18-acre property with income-producing mobile home park near Lake Norman.
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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Multifamily property - Lakefront duplex, 2 units, high rental income.
    Where is this multifamily property located?
    The property is located at 6860 Shade Tree Ln Sherrills Ford, NC.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Unique waterfront property with private boat ramp, covered dock, and pier.; 2,834 sq ft heated living space, easily convertible to single-family home.; No HOA fees; currently leased as two separate units (2/2 penthouse & 3/2 lower level) with separate electric meters.
    Request Owner's contact information
    6860 Shade Tree Ln Sherrills Ford, NC 28673
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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
    6860 Shade Tree Ln Sherrills Ford, NC 28673
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