137 Red Maple Ln - Apartments FOR SALE


Burnsville, NC 28714
$1,800,000 USD
828-284-2402
137 Red Maple Ln, Burnsville, NC for Sale
$1,800,000 USD
Apartments - FOR SALE
1/28
null | Request Cap Rate

137 Red Maple Ln
Burnsville, NC 28714


HIGHLIGHTS

  • 11 Septic tanks in place on lots and over 31 acres
  • Spring Water system in place
  • Two new tiny homes and Remodeled Duplex - four rental units in place

OVERVIEW

Once the Woodland Hills Subdivision/ Mobile home park this property has been re-imagined as a new tiny home community, log cabin community, or subdivision. A new spring house and water system has been built that will serve several homes. There are 11 permitted septic tanks on the property. The roads have been regraded and upgraded, old the old mobile homes removed. Two new tiny homes have been constructed and are ready to be rented and the original homeplace has been remodeled to create two 2BR apartments. The possibilities are endless. Just over 31 acres and within minutes of downtown Burnsville, hiking, Mount Mitchell State Park, the Appalachian trail and various outdoor activities. This property is located in the opportunity zone in Yancey County and there are no zoning regulations to limit the possibilities. The current owner has put the infrastructure in place to create a tiny home community.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$838 USD /SF

# OF UNITS

4

PRICE/UNIT

$450,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

PARKING SPACES

16

LAND DETAILS

LAND ACRES

31 AC

LAND SF

1,350,360 SF

ZONING

None

APN/PARCEL ID

080004907331.000

ASK ABOUT THIS PROPERTY

Erica DeatonWhispering Pines Mountain Real EstateMore Info
828-284-2402

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Erica DeatonWhispering Pines Mountain Real EstateMore Info
828-284-2402

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.