RARE CORPORATE RENTAL & INVESTMENT OPPORTUNITY | FALLS COVE 119 Port Bow Drive is a rare opportunity to acquire one of a limited number of rental-approved homes in Falls Cove, with an established three-year history of renters. This property is ideally suited for corporate housing, executive rental, or long-term investment use in the Lake Norman Market. Its proven rental history provides investors with actual operating experience rather than simply projected rental potential. Recent improvements include new carpeting, fresh interior paint, irrigation, landscaping, fencing, exterior lighting, updated blinds, and a newer refrigerator, reducing near-term capital requirements. Conveniently located near Lake Norman, Charlotte, Mooresville, major employment centers, shopping, dining, and transportation. Limited rental inventory, established rental history, corporate-housing potential, and recent improvements make this a compelling residential investment asset. Offered at $485,000
| MLS # | 4394487 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 2021 |
| Days On Site | 72 |
| Listing Provided By | Beycome Brokerage Realty LLC | Craig Tribus |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,637 |
| Garage | 2 |
| Story(s) | 2 |
| Zoning | CZ |
| Acreage | 0.32 |
| Water Front | Yes |
| Cooling | Central Air |
|---|---|
| Heating | Forced Air, Natural Gas |
| Appliances | Dishwasher, Disposal, Gas Cooktop, Gas Oven, Gas Range, Ice Maker, Microwave, Refrigerator |
| Construction Materials | Fiber Cement |
|---|---|
| Foundation Details | Slab |
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Attached Garage |
| List Aor | Canopy Realtor Association |
|---|
| Property | 4942 |
|---|
| State | NC |
|---|---|
| County | Iredell |
| City | Troutman |
| Zip Code | 28166 |
| Area | Iredell |
| Community Name | Falls Cove at Lake Norman |
| School District | South Iredell |
| Elementary School | Troutman |
| High School | South Iredell |
| Listing VS Median (in Falls Cove at Lake Norman) | |
Price: $485,000 low | high Med: $485,000 sqft: 2,637 low | high Med: 2,637 $ / sqft: $184 low | high Med: $184 On site: 72 low | high Med: 72 | |
| State | NC |
|---|---|
| County | Iredell |
| City | Troutman |
| Zip Code | 28166 |
| Area | Iredell |
| Community Name | Falls Cove at Lake Norman |
| School District | South Iredell |
| Elementary School | Troutman |
| High School | South Iredell |
| Listing VS Median (in Falls Cove at Lake Norman) | |
Price: $485,000 low | high Med: $485,000 sqft: 2,637 low | high Med: 2,637 $ / sqft: $184 low | high Med: $184 On site: 72 low | high Med: 72 | |