70 Sapphire Valley Rd - Apartments FOR SALE


Sapphire, NC 28774
$4,590,000 USD
386-846-5959
70 Sapphire Valley Rd, Sapphire, NC for Sale
$4,590,000 USD
Apartments - FOR SALE
1/54
null | Request Cap Rate

70 Sapphire Valley Rd
Sapphire, NC 28774


HIGHLIGHTS

  • Prime location in Sapphire’s resort corridor near Cashiers and Highlands
  • 19-unit multifamily asset with flexible rental strategy potential
  • Easy access to Asheville, Greenville, and Atlanta markets
  • Surrounded by golf, hiking, and year-round outdoor recreation

OVERVIEW

Nestled in the heart of the scenic Blue Ridge Mountains, this 19-unit multifamily property offers a rare investment opportunity in the sought-after resort town of Sapphire, North Carolina. Located at 70 Sapphire Valley Road, the asset spans approximately 11,703 square feet and is listed at $4,590,000. The property is ideally positioned to benefit from the area’s strong seasonal tourism, proximity to outdoor recreation, and growing demand for short- and long-term rental housing.

FOR SALE DETAILS

PRICE

$4,590,000 USD

PRICE/SF

$392 USD /SF

# OF UNITS

19

PRICE/UNIT

$241,579

CAP RATE

Request Cap Rate

% LEASED

77%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

COMMERCIAL

APN/PARCEL ID

7582-75-1245

ASK ABOUT THIS PROPERTY

Dee RemeySapphire CommonsMore Info
386-846-5959

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Dee RemeySapphire CommonsMore Info
386-846-5959

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