PINE HAVEN APARTMENT BUILDINGS: Rare Investment Income producing Multi Family Apartment buildings in growing Banner Elk. Building 1: 3 x one bedrooms above, 2 x 2 bedroom below (5 units). Building 2: 2 x 1 bedrooms ( 12 units). One of the building was completely rebuilt with new electricity, new plumbing, new roof, new flooring etc. There is a coin laundromat on site with leased washers/dryers of which owner receives a percentage with no maintenance costs. Well on property services buildings, public sewer. All tile floors 12 units are 550 sqft (rents $500-$800); 2 units are 650 sqft ($600-$675) , 3 units are 435 sqft ($575-$600). Monthly Gross rent $10,000. With the increased demands for vacation rentals airbnb and vrbo the potential is limitless to the investor!
Elite Mountain & Triangle Properties does not hold escrow monies, please deliver to escrow/closing attorney and copy office via email.