Property Listing No Longer Available for Sale

90 Kimbrell Lane, Sylva, NC

Multi-family for Sale - $1,100,000 - 15,032 Sq. Ft. on 1.59 acres


Property Info

CIMLS#904536
Location
  90 Kimbrell Lane
  Sylva NC 28779
UpdatedJune 22nd, 2017
TypeMulti-family
Price$1,100,000
Building15,032 Sq. Ft.
Land1.59 acres

Property Description

SVN | BlackStream Commercial, LLC as exclusive Sales Broker to the Seller, is pleased to present the opportunity to buy this very desirable, constantly rented 14-unit apartment complex with excess land in Sylva, NC

This 14-unit apartment complex located within walking distance of downtown Sylva is constantly rented out. Located just 6 miles from Western Carolina University. 2 roofs were recently replaced and upgrades have been constantly made to keep the units fresh. Rents are below market rates. Renters pay for electricity and water. Apartments have city water and sewer.

1.20-acres (7631-87-1328) of excess land for future expansion and increased income is available for $100,000. B2 - Business zoning allows for 9 additional units.

*The information contained herein was obtained from sources deemed to be reliable. However, BlackStream Commercial, LLC makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. SVN | BlackStream recommends a commercial appraisal prior to listing. This is not a commercial appraisal.

Location Description:

1.59-acres located a few blocks west of downtown Sylva, NC.

Highlights:

>> Excess 1.20-acres for expansion available for $100k

>> All units have separately metered HVAC

>> Owner financing over 5 years available

>> Walking distance to downtown Sylva

>> Located 6 miles from WCU campus

>> 14 constantly rented units

>> On-site management

>> Below market rent

* Email for additional photos


Financials

1/4 at closing and 1/4 annually for for the next 3 years. 2% owner financing available.

Sales Info:

>> Commision split: 3.0%