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  • Key Facts
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Key Facts

Type Apartment
Levels Residential Income
Size 11929 sqft
Garage No
Maintenance Fees 
Taxes 
Days Active 68
Approx. Age 1974
Avg. Price Per Sqft $134
MLS® Number 4230457

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Don't miss this uncommon multifamily investment opportunity with an excellent location less than 2 miles from the vibrant heart of downtown Brevard NC! This 10-unit apartment complex is separated into 2 buildings each with 5 units. The 10 total units consist of 1x one bedroom, 7x two bedrooms, and 2x 3 bedrooms. City water and electricity are individually metered to each unit. 2 septic tanks service each building (4 total septic tanks). The property currently offers a stable income stream with all units occupied by long-term tenants. Nestled amidst beautiful mountain views, this property boasts additional land that is flat, easily buildable, and located outside the flood plain—perfect for future development or expansion. Rents for existing tenants have not been adjusted in years, creating opportunity for a new operator to realize additional cash flow with value add strategies and rent adjustments to current market levels. No showings without appointments, please don't disturb tenants.Show Description
MLS® Number4230457
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelElectric Dryer Hookup, In Unit, Washer Hookup
Exposure
ExteriorStorage
GarageNo
Approx. Age1974
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral, Heat Pump
A/CCentral Air, Heat Pump
Heating Fuel

Extras

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