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103 Resort Lane

Lake Lure, NC 28746
  • $1,150,000
  • STATUS: Active
  • ON SITE: 92 Days
  • ID#: 4088267
UPDATED: 47 min ago
$1,150,000
  • 0
    BEDS
  • 0.57
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1984
County:
Area:

School Ratings & Info

Canopy MLS logo Offered by Dwell Realty Group at Lake Lure: 828-436-5506. Copyright 2024 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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MLS Grid logo Based on information submitted to the MLS GRID as of 2024-02-21T20:33:36.163 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Jamison Realty | Keller Williams Southpark nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2024 Canopy MLS.

Some IDX listings have been excluded from this website.

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103 Resort Lane Lake Lure, NC 28746

  • Price: $1,150,000
  • Status: Active
  • On Site: 92 Days
  • Updated: 47 min ago
  • ID#: 4088267
0
Beds
0
Baths
0
½ Baths
0.57
Acres
1984
Built
County:
Rutherford
Area:
Lake Lure
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
Exterior Features

Carport YN No Construction Materials Vinyl Construction Type Site Built Foundation Details Slab Lot Features Creek FrontWaterfall - Artificial Parking Features Parking Lot Parking Total 10 Road Frontage Type State Highway Road Responsibility Publicly Maintained Road Road Surface Type Paved Roof Metal

Interior Features

Appliances Electric CooktopElectric Water HeaterExhaust FanMicrowaveRefrigeratorWasher/Dryer Basement YN No Building Area Total 4600 Cooling Wall Unit(s) Flooring CarpetLinoleumTile Heating Wall Furnace

Property Features

Auction YN No CCRSubject To Undiscovered City Taxes Paid To Lake Lure Hoa Subject To None Inclusions Building Inside City YN Yes Lease Considered YN No Lot Size Dimensions lot #5 in new subdivision New Construction YN No Number Of Units Leased 9 Possible Use Multi-FamilyPrivate EstateResidential Property Sub Type Bed/Breakfast Restrictions BuildingModular Not AllowedShort Term Rental Allowed Restrictions Description N/A Senior Community YN No Sewer Public Sewer Special Listing Conditions None Utilities Cable ConnectedElectricity ConnectedFiber Optics Water Source City



MLS Grid logo Based on information submitted to the MLS GRID as of 2024-02-21T20:33:36.163 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Jamison Realty | Keller Williams Southpark nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2024 Canopy MLS.

Some IDX listings have been excluded from this website.

Digital Millennium Copyright Act
 
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Jamison Realty | Keller Williams Southpark
5925 Carnegie Blvd, Suite 250
Charlotte SC, 28269
Canopy MLS logo Offered by Dwell Realty Group at Lake Lure: 828-436-5506. Copyright 2024 Canopy MLS. All rights reserved.