80 Lindsey Lane, Burnsville, NC 28714
- $1,450,000
- 8,631
- SqFt
- List Price
- $1,450,000
- MLS#
- 4425383
- Status
- ACTIVE
- Property Type
- Residential Income
- Year Built
- 1987
- Days on Market
- 1
- Lot Size
- 86,248
- Lot Size Area
- 1.98
- Living Area
- 8,631
- Sq Ft Total
- 8631
- County
- Yancey
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.
Additional Information
- Equipment
- Electric Range
- Foundation
- Basement, Slab
- Laundry Location
- In Unit
- Heating
- Baseboard, Ductless, Kerosene
- Water
- County Water
- Sewer
- Septic Installed
- Exterior Construction
- Wood
- Roof
- Architectural Shingle
- Parking
- Driveway, Attached Garage
- Driveway
- Asphalt, Concrete, Gravel
- Elementary School
- Unspecified
- Middle School
- Unspecified
- High School
- Unspecified
- Special Conditions
- None
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Listing courtesy of Britt Commercial Real Estate, LLC. zbritt@brittcre.com
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