Listed by Britt Commercial Real Estate
$750,000
5 Unit @ 6.95% Cap in Clyde NC
Details
APN 8637-61-7603
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,596
Units 5
Cap Rate 6.95%
Price per SqFt $209
Year Built 1970
Acreage 0.210
Zoning CC-2
Multifamily | 5 Units | $150,000/unit
Marketing description
Well-positioned 5-unit in the heart of Clyde, just 20–25 minutes from Asheville, and was completely unaffected by Hurricane Helene! The unit mix includes two 1BR/1BA units and three 2BR/1.5BA units, all with individually metered utilities. New roof installed in 2022! Current ownership has completed mix of full and light renovations, providing a solid baseline with plenty of room to push rents through additional upgrades, or continue to cashflow as-is with the strong in-place NOI!
Investment highlights
- Strong In-Place NOI
- Low Maintenance Asset
- Rare Opportunity in Supply Constrained Submarket
Listing Contacts
Listed by Britt Commercial Real Estate
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