$1,493,262
$1,575,000
5.2%For more information regarding the value of a property, please contact us for a free consultation.
1.18 Acres Lot
SOLD DATE : 11/21/2024
Key Details
Sold Price $1,493,262
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4170619
Sold Date 11/21/24
Construction Status Completed
Year Built 2024
Lot Size 1.180 Acres
Acres 1.18
Property Description
Brand new construction, fully leased six-unit apartment complex in Mars Hill. Each of the 878 SF units features a modern 2 bed, 2 bath layout and private parking for Tenants. Perfectly positioned in a rapidly growing area near Mars Hill University and just minutes from I-26, this property offers unbeatable convenience for tenants and a golden opportunity for investors. With high demand, limited rental supply, and an estimated 7% cap rate, this property promises substantial returns and smart savings, thanks to low holding costs from its septic system, well water, and county location. It's not just a property—it's your gateway to investment success. Assisted showings only, no drive-bys. For more details, check out our brochure in the attachments. Listed as Multi-Family Sale, MLS# 4168133
Location
State NC
County Madison
Zoning R-B
Interior
Heating Central
Cooling Central Air
Flooring Tile, Vinyl
Appliance Convection Oven, Dishwasher, Electric Cooktop, Electric Oven, Refrigerator
Exterior
Utilities Available Electricity Connected
Roof Type Shingle,Wood
Building
Foundation Crawl Space
Builder Name Oak & Ivy Builders
Sewer Septic Installed
Water Well
Structure Type Glass,Hard Stucco,Vinyl,Wood
New Construction true
Construction Status Completed
Others
Senior Community false
Restrictions No Representation
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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© 2024 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Bought with Adam Ripley • EXP Realty LLC
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