160 & 164 Arlington Street, Forest City, NC 28043

$245,000
8
BD
5
BA

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Listing courtesy of Keller Williams Lake Norman. SammiSmith@kw.com

List Price
$245,000
MLS#
4381602
Status
ACTIVE UNDER CONTRACT
Days on Market
77
Property Type
Residential
Architectural Style
Traditional
Year Built
1947
Price Change
▼ $30,000 1782151250
Bedrooms
8
Bathrooms
5
Full Baths
5
Lot Size
13,503
Lot Size Area
0.31
County
Rutherford
Subdivision
Biltmore
Special Conditions
None

Property Description

PRICE IMPROVEMENT!! Two Home, one great price! Step into a piece of Forest City history at 160/164 Arlington Street, where timeless character and endless opportunity come together on one remarkable property. Nestled beneath mature trees in an established neighborhood, this unique estate offers the chance to restore and reimagine a property filled with charm, character, and income producing potential. The main residence is rich with the craftsmanship and architectural details of a historic era and is ready for renovation to bring its full beauty back to life. Original features and historic charm provide the perfect foundation for investors, renovators, or visionaries seeking to create something truly special. With thoughtful restoration, this property could become a stunning private estate, a boutique bed and breakfast, an elegant event retreat, or a nostalgic short term rental destination full of warmth and storybook appeal. Adding even more value and flexibility is the impressive three car garage, workshop, and private two bedroom additional dwelling unit above. Currently operating as a successful income producing Airbnb, this separate living space already offers built in revenue potential while the main residence is restored or reimagined. Ideal for guest accommodations, an in law suite, owners quarters for a bed and breakfast, or continued short or long term rental income, the possibilities are endless. The workshop and garage space also provide room for hobbies, storage, business use, or future customization. Whether envisioned as a profitable income producing property, a multi generational family compound, a charming bed and breakfast with private owners guest house, or a beautifully restored historic estate, the possibilities at Arlington Street are truly endless. This is more than just real estate. It is an opportunity to breathe new life into a historic property while creating lasting value in one of Western North Carolina’s growing communities. Investors, dreamers, and entrepreneurs alike will immediately recognize the rare potential waiting to be unlocked at 160 & 164 Arlington Street.

Additional Information

Fireplace
Yes
Floor Coverings
Tile, Wood
Equipment
Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer, Washer/Dryer
Foundation
Basement, Other - See Remarks
Main Level Rooms
Kitchen, Living Room, Den, Bathroom-Full, Sunroom, Dining Room, Study
Laundry Location
In Hall, Upper Level
Heating
Baseboard, Forced Air, Heat Pump, Natural Gas
Water
City
Sewer
Public Sewer
Exterior Construction
Vinyl, Wood
Roof
Composition, Metal
Parking
Driveway, Attached Garage, Detached Garage, Garage Door Opener, Garage Faces Front, Garage Shop
Driveway
Gravel, Paved
Lot Description
Cleared, Level
Elementary School
Forest City-Dunbar
Middle School
East Rutherford
High School
East Rutherford

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Calculator source: Real Geeks

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