103 Resort Lane, Lake Lure, NC 28746
- $1,150,000
Listing courtesy of Dwell Realty Group at Lake Lure
- List Price
- $1,150,000
- MLS#
- 4088267
- Status
- ACTIVE
- Days on Market
- 21
- Property Type
- Commercial Sale
- Year Built
- 1984
- Lot Size
- 24,829
- Lot Size Area
- 0.5700000000000001
- County
- Rutherford
- Special Conditions
- None
- Dom
- Yes
Property 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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Additional Information
- Floor Coverings
- Carpet, Linoleum, Tile
- Equipment
- Electric Cooktop, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Washer/Dryer
- Foundation
- Slab
- Heating
- Wall Furnace
- Water
- City
- Sewer
- Public Sewer
- Exterior Construction
- Vinyl
- Roof
- Metal
- Parking
- Parking Lot
- Driveway
- Paved
- Lot Description
- Creek Front, Waterfall - Artificial
Mortgage Calculator
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