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    6280 Ela Road

    Whittier, NC 28789
    • $1,330,000
    • STATUS: Active
    • ON SITE: 23 days
    • MLS #: 26016853
    UPDATED: 24 min ago
    $1,330,000
    • 0
      BEDS
    • 6.56
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Na
    Type:
    Commercial
    Built:
    1961
    County:
    Area:
    Ela

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    High occupancy multi-family investment located on Hwy 19 approximately 9 minute drive to Harrah's Cherokee Casino. Property consists of 18 each Studio Efficiency, 4 each Studio w/Kitchen, 3 each 1 bedroom apartments and 1 each 2 bedroom apartment. Current occupancy is at 96%. The only vacant unit is under renovation and will be completed very shortly. Current Rent revenue is at $181,200.00 with an additional $18K in Laundry revenue. GPR is set at $193,200.00 with a total expense ratio of just under 50% and net income over $116,000.00 per year. All tenants are currently on Month to Month leases. Proforma and Rent Roll available upon request. A vast sum of windows and floors have recently been replaced. The balance have not been completed due to occupancy. The remaining windows and LVP flooring is on hand in the garage storage and will convey with sale. There is an office that could remain as such or be converted into another efficiency unit.

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    © 2020 Franklin Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Old Town Brokers. Data last updated: 2020-09-20T06:31:33.53.
    www.oldtownbrokers.com/homes/109452312
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    6280 Ela Road Whittier, NC 28789

    • Price: $1,330,000
    • Status: Active
    • Updated: 24 min ago
    • MLS #: 26016853
    0
    Beds
    0
    Baths
    0
    ½ Baths
    6.56
    Acres
    1961
    Built
    Neighborhood:
    Na
    County:
    Swain
    Area:
    Ela
    Elementary School:
    East Swain
    Middle School:
    Swain County
    High School:
    Swain County
    Property Description
    High occupancy multi-family investment located on Hwy 19 approximately 9 minute drive to Harrah's Cherokee Casino. Property consists of 18 each Studio Efficiency, 4 each Studio w/Kitchen, 3 each 1 bedroom apartments and 1 each 2 bedroom apartment. Current occupancy is at 96%. The only vacant unit is under renovation and will be completed very shortly. Current Rent revenue is at $181,200.00 with an additional $18K in Laundry revenue. GPR is set at $193,200.00 with a total expense ratio of just under 50% and net income over $116,000.00 per year. All tenants are currently on Month to Month leases. Proforma and Rent Roll available upon request. A vast sum of windows and floors have recently been replaced. The balance have not been completed due to occupancy. The remaining windows and LVP flooring is on hand in the garage storage and will convey with sale. There is an office that could remain as such or be converted into another efficiency unit.
    Exterior Features

    Access State HighwayPaved Road Acreage Range 5-6.99 Construction FrameBrick VeneerWood Siding Parking Parking Lot Roof Wood JoistMetal Utilities Electricity Available

    Interior Features

    Apx Sq Ft None Cooling Window UnitsWall Units Floors CarpetOther-See RemarksVinyl Heating Other-See Remarks Restrooms 27

    Property Features

    Building Size 12726 Building2 Garage Building3 Na Building4 Na City Tax 0.00 County Tax 2512.00 Easements Restrictions None Financing CashConventional Lease Terms Month To Month Location County Miscellaneous Outside Storage Parcel ID 669402894168 Possession At Closing Township Charleston (Swain Co.) Type Multi-Family Type Sale Not Applicable

    Listing information © 2020 Franklin Board of Realtors MLS
    Listing provided courtesy of Todd Baucom of Todd Baucom Realty, Inc..



    © 2020 Franklin Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Old Town Brokers. Data last updated: 2020-09-20T06:31:33.53.
     
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