Brand new construction, fully leased six-unit apartment complex in Mars Hill. Each of the 878 SF units features a modern 2 bed, 2 bath layout and private parking for Tenants. Perfectly positioned in a rapidly growing area near Mars Hill University and just minutes from I-26, this property offers unbeatable convenience for tenants and a golden opportunity for investors. With high demand, limited rental supply, and an estimated 7% cap rate, this property promises substantial returns and smart savings, thanks to low holding costs from its septic system, well water, and county location. It's not just a propertyit's your gateway to investment success. Assisted showings only, no drive-bys. For more details, check out our brochure in the attachments. Listed as Multi-Family Sale, MLS# 4168133
MLS# | 4170619 |
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Listing Type | For Sale |
Style | House |
Sub-Type | Resale |
Status | Active Under Contract |
Year | 2024 |
Days On Site | 60 |
Listing Provided By | Carla & Company Real Estate Services | Carla Barnard |
SQ Feet | 5,268 |
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Story(s) | 2 |
Units | 6 |
Acreage | 1.18 |
State | NC |
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County | Madison |
City | Mars Hill |
Zip Code | 28754 |
Area | Madison |
Listing VS Median (in 28754) | |
Price: $1,575,000 low | high Med: $559,000 SqFt: 5,268 low | high Med: 2,865 $ / SqFt: $299 low | high Med: $195 On Site: 60 low | high Med: 69.000000 |