, Mars Hill, Madison County, North Carolina 28754, USA

NC, Mars Hill
$649,900
  • 6 Bath
  • 0.67 Acre
  • Residential Income Property Type
  • 1970 Year Built
  • Active Status
Steven M
Steven M Realtyna
  • (302) 525 8222
  • (302) 525 8222
  • Support@Realtyna.com
  • 200 Continental Drive, Suite 401, Newark, DE 19713 USA
  • (302) 525 8222
Property Description

Calling all investors! Grow your portfolio with this RARE solid, brick 9-unit apartment building in Averill Park schools. Private location with almost an acre and a half of land giving a peaceful view and large back yard. This building sits tucked away at the back corner of a quiet neighborhood, located just minutes from AP High School. Many quality long term tenants, who are paid up to date. 100% occupancy, and always with high renter demand. Cash Flow as-is, and room to raise the rents for even higher return. Unit mix: (8) 2-bedrooms, (1) 1-bedroom. Separate utilities: tenants pay electric, heat, & hot water. TWO Coin operated laundry rooms for additional income. Plenty of parking in front and back lot to fit ~10+ cars. An opportunity like this doesn’t come on the market every day!

Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 3904744
  • Price: $649,900
  • Year Built: 1970
  • Lot Area: 0.67 Acre
  • Status: Active
  • Office Name: RE/MAX Executive
  • Agent Name: Carrie Lee Hoffman
  • Property Sub Type: Multi-Unit (5+)
Features
  • Basement Finished,Partially Finished
  • Sewer Septic Needed
Address Map
  • Country US
  • State NC
  • County Yancey
  • City Mars Hill
  • Zipcode 28754
  • Street: Upper Lookout
  • Street Number: 936
  • Street Suffix: Drive
  • Longitude: W83° 30' 14''
  • Latitude: N35° 57' 48.6''
  • Unit Number: 936
  • Zoning: R-2
Neighborhood
  • Elementary School: Blue Ridge
  • High School: Mountain Heritage
  • Middle School: Cane Creek
Additional Information
  • Water Source: Community Well
  • Community Features: Golf,Gated,Clubhouse,Fitness Center,Playground,Game Court,Picnic Area,Pond,Putting Green,Recreation Area,Sport Court,Tennis Court(s),Walking Trails,Outdoor Pool,Rooftop Terrace
  • Foundation Details: Crawl Space,Basement,Other - See Remarks
  • Possible Use: Recreational,Residential
Financial
  • Association: Yes
  • Association Fee: 912.75
  • Association Fee Frequency: Annually
Listing Information
  • Special Listing Conditions: None
  • Status Change Timestamp: 2023-09-09T06:10:12Z
  • List Agent Mls Id: 74908
  • List Office Mls Id: NCM33350
  • Listing Term: Cash,Conventional
  • Mls Status: Expired
  • Modification Timestamp: 2024-01-24T09:20:45Z
  • Originating System Name: Demo
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