Spruce Pine, NC 28777,202 Overlook DR
Spruce Pine, NC 28777,202 Overlook DR
Spruce Pine, NC 28777,202 Overlook DR
19
$1,150,000
$1,250,000
8.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

26 BD
24 BA
12,000 SqFt

202 Overlook DR Spruce Pine, NC 28777

Est. payment /mo
SOLD DATE : 08/16/2019

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $1,150,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 12,000 sqft

Price per Sqft $95

MLS Listing ID 3473220

Bedrooms 26

Full Baths 24

Year Built 2005

Lot Size 1.520 Acres

Property Description

Income opportunity attracting professionals w/high efficiency & extremely well maintained (like-new), 3 bldg./12-unit homes in prime rental corridor next to hospital & ECU School of Dentistry. Located in one of the most desirable neighborhoods, Eleven 2BD/2BA w/Master suite, two 3BD/2BA, high ceilings, front & rear porch, ramp accessibility on 1st floor & perfect floor plans. 27 pk. spaces, room for equip. bldg./office. 100% occupancy at all times! Current CAP = 8% (T-12= 7%). Excellent upside (CAP= 10%) potential/value-add opportunity for increased rents/NOI, w/no capital expenditures or updates needed (current rents= $200+ below market rate). Strong demographics & high quality employment opportunities. Rising rental pressure in growing town. Next to schools, shopping & employment- 5 min. to all major employers. Additional 4.15 acres on same street = further development w/water & sewer tap already purchased ($78,000; MLS#: 3451543).20 min.- I-40, 50 min.- Asheville, 2hr.- Charlotte.

Location

State NC

County Mitchell

Interior

Heating Central

Flooring Carpet

Building

Lot Description City View, Green Area, Level, Long Range View, Mountain View, Paved, Sloped, Views, Year Round View

Building Description Vinyl Siding, Apartments

Foundation Crawl Space

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

New Construction false

Schools

Elementary Schools Greenlee Primary

Middle Schools Harris

High Schools Mitchell

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Read Less


Listed by Peter Franklin • Foxfire Real Estate, LLC
Bought with David Begley • GreyBeard Realty

GET MORE INFORMATION

agent

Sandy Godfrey

Agent | License ID: 169592

+1(704) 905-5331

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.