80 Lindsey LN, Burnsville, NC 28714
80 Lindsey LN, Burnsville, NC 28714
80 Lindsey LN, Burnsville, NC 28714
80 Lindsey LN, Burnsville, NC 28714
80 Lindsey LN, Burnsville, NC 28714
80 Lindsey LN, Burnsville, NC 28714
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$ 1,450,000
Est. payment | /mo

8,631 SqFt


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$ 1,450,000
Est. payment | /mo
Save

8,631 SqFt

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 8,631 sqft

Price per Sqft $167

MLS Listing ID 4425383

Abv Grd Liv Area 8,631

Year Built 1987

Lot Size 1.980 Acres

Acres 1.98

Property Sub-Type Apartment

Property Description

Lindsey Lane Apartments is a 10-unit multifamily property consisting of four buildings on ±1.98 acres with a mix of one-, two-, and three bedroom units. 9 of the 10 units have been renovated. Numerous mini-split HVAC installed. This limits any near-term capital needs. Four month-to-month leases provide immediate opportunity to increase rents to market; continuing to implement water reimbursements and garage rentals are additional opportunities to increase NOI. With multiple paths to increase income, Lindsey Lane offers investors an attractive combination of current cash flow and value-add upside.

Location

State NC

County Yancey

Zoning None

Interior

Heating Baseboard, Ductless, Kerosene

Cooling Ceiling Fan(s), Ductless

Appliance Electric Range

Laundry In Unit

Exterior

Garage Spaces 6.0

Roof Type Architectural Shingle

Street Surface Asphalt,Concrete,Gravel

Garage true

Building

Dwelling Type Site Built

Foundation Basement, Slab

Sewer Septic Installed

Water County Water

Structure Type Wood

New Construction false

Schools

Elementary Schools Unspecified

Middle Schools Unspecified

High Schools Unspecified

Others

Pets Allowed Conditional

Senior Community false

Special Listing Condition None

Listed by Zach Britt • Britt Commercial Real Estate, LLC • zbritt@brittcre.com

Nearby Locations

Carolyn McMurray

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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80 Lindsey LN