Description
Once-in-a-lifetime opportunity: 8-plex in LAKE LURE, leased up and ready for you! Eight studio apartments, one office suite, and one community laundry room are surrounded by grassy lawns, a gurgling stream-fed pond...and all right in the heart of Lake Lure, North Carolina. There is an outstanding need for long term leases in Lake Lure and Chimney Rock and all apartment properties in this area are working on a "waiting list". All eight of the residential studio apartments are on separate electrical meters - making a condo conversion a breeze! Each unit has a small refrigerator, electric cooktop, toaster, microwave, and more. The property was once a bed and breakfast and can be operated in a variety of different ways. At $143,000 per door, and a 6% cap rate, this is great buy. There is substantial room for additional rental income. DO NOT DISTURB TENANTS
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0BEDS
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0.57ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Offered by Dwell Realty Group At Lake Lure: 828-436-5506. Copyright 2023 Canopy MLS. All rights reserved.Description
Once-in-a-lifetime opportunity: 8-plex in LAKE LURE, leased up and ready for you! Eight studio apartments, one office suite, and one community laundry room are surrounded by grassy lawns, a gurgling stream-fed pond...and all right in the heart of Lake Lure, North Carolina. There is an outstanding need for long term leases in Lake Lure and Chimney Rock and all apartment properties in this area are working on a "waiting list". All eight of the residential studio apartments are on separate electrical meters - making a condo conversion a breeze! Each unit has a small refrigerator, electric cooktop, toaster, microwave, and more. The property was once a bed and breakfast and can be operated in a variety of different ways. At $143,000 per door, and a 6% cap rate, this is great buy. There is substantial room for additional rental income. DO NOT DISTURB TENANTS
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