505 E Main St - Apartments FOR SALE


Burnsville, NC 28714
$999,999 USD
828-208-3135
505 E Main St, Burnsville, NC for Sale
$999,999 USD
Apartments - FOR SALE
1/28
null | Request Cap Rate

505 E Main St
Burnsville, NC 28714


OVERVIEW

Investment Opportunity in the Heart of Burnsville! Welcome to 505 E Main Street, Burnsville, NC-a rare chance to own a high-visibility income-producing property right on Burnsville's thriving Main Street. This versatile property features 7 individual rental units, already generating consistent rental income, making it the perfect turnkey investment. The property consists of: 4 apartments, 1 retail storefront with prime Main Street frontage, 1 studio apartment, 1 main cabin residence With city water and sewer in place, this property is fully connected and ready for continued growth. The location truly says it all-walkable to shops, restaurants, and Burnsville's historic town square, with excellent exposure for both residential and commercial tenants. Whether you're looking to expand your portfolio, operate a business while collecting rental income, or reimagine the property for future development, the opportunities here are endless.

FOR SALE DETAILS

PRICE

$999,999 USD

PRICE/SF

$91 USD /SF

# OF UNITS

7

PRICE/UNIT

$142,857

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1937

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

C-3

APN/PARCEL ID

082015646746.000

ASK ABOUT THIS PROPERTY

Alli BuchananDream Mountain RealtyMore Info
828-208-3135

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Alli BuchananDream Mountain RealtyMore Info
828-208-3135

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