Listing Courtesy of Foxfire Real Estate, LLC
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Active Status Condo/Townhouse
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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.

Address: 202 Overlook Drive
State: NC
City: Spruce Pine
County: Mitchell
Zip Code: 28777
MLS#: 3473447
MLS Area:

Price History

Date Price Event Change MLS#:
2/11/2019 $1,250,000 List Price 3473443
2/10/2019 $1,250,000 List Price 3473447
2/8/2019 $1,250,000 List Price 3473220

Assigned School Zones

  • Elementary School:Greenlee Primary
  • Middle School:Harris
  • High School:Mitchell

Nearby Schools

Bethel Christian Academy(K-12)
Tri-County Christian School(K-12)
Spruce Pine Montessori School(Preschool-3)
Deyton Elementary(3-5)
Greenlee Primary(K-2)
Altapass Christian School(1-12)
Bethel Christian Academy(K-12)
Tri-County Christian School(K-12)
Harris Middle(6-8)
Altapass Christian School(1-12)
Bethel Christian Academy(K-12)
Tri-County Christian School(K-12)
Altapass Christian School(1-12)
Mitchell High(9-12)3

Interior Details

  • Appliances:Cable Prewire, Dishwasher, Dryer, Electric Range/Oven, Refrigerator, Washer
  • Features:
  • Furnished:
  • Floor Type:Carpet, Vinyl/Linoleum
  • Cooling:
  • Heating:Central Air
  • Other Rooms:

Exterior Details

  • Home Construction
  • Features:
  • Exposure:
  • Roof Type:
  • Garage Spaces:
  • Pool:No
  • Utilities:City Water
  • Lot Description:City View,Green Area,Level,Long Range View,Mountain View,Open/Cleared,Paved Frontage,Sloping,Views,Year Round View
  • Parking:Assigned Parking Space - 2,Lot,Parking Space - 2
  • Foundation:Crawl Space

Community Details

  • HOA: $0/mo
    Fees Include:

Rental Information

  • Rental Income:$0
  • Rental Number:0

Associated Agents

  • Listing Agent:Foxfire Real Estate, LLC - Peter Franklin
Property Information Last Updated: 1/11/2019 6:19:04 AM
Listing Courtesy of Foxfire Real Estate, LLC

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