$425,000

FOR SALE

173 Old Turnpike NW Road

Banner Elk, Nc, 28604

MLS #256809

Subdivision: None

Building: -

5 Beds

3/- Baths

1875 sqft

$ 226.67 /sqft

Property Details

Rare Opportunity!! Only listing like this in downtown Banner Elk; Set as a duplex (but could be used as a single family with a rental income apartment (just rented at $1250/month through 10/26), or with the stairs from the main level down to the workshop/garage, it could easily be finished out as a 5/3 home with an extra living/kitchen below) that is walking distance to town!!! At $37,200/ most recent annual rents, why get into the vacation rental market and it's headaches? It's very rare for any multi-family to come on the market in Downtown Banner Elk on city water/sewer/maintained-paved roads, and this investment has been a great asset for 11 years to the current owner. Easily accessible with paved driveway, and fully remodeled when purchased, including metal roof, paint, new kitchens, new baths, new plumbing, new windows, lvp flooring, etc, the duplex features a 2/1 below, and a 3/2 above, with separate entrances/decks. The basement features a 1-car garage and large workshop area (this is set up to be assessed by either unit, depending on which wants to include it in their lease). There is a small flat yard around the lower unit. Old Turnpike runs next to a noisy creek, and is a quiet, flat street that is great for walking. Available for showings now (leases just ended). In past tenants pay all utilities 50/50 between the units; with power on 1 meter. Upper currently advertised for rent at $1850/month, $1250/ 1 year lease signed for lower through 10/26.

Property Features

-

Property Type
Single Family
HOA Fee/Monthly
-
HOPA
-
Membership Fees
-
Appliances
Dryer,Dishwasher,ExhaustFan,ElectricRange,ElectricWaterHeater,Microwave,Refrigerator,Washer
Restrictions
-
Furnished
-
Flooring
-
No. of Floor
-
Terms Considered
Cash,Conventional,NewLoan
Year Built
1984
Cooling
WallWindowUnits
Pets Allowed
-
Amenities
-
Interior
-
Maintenance Fee Includes
-
Governing Bodies
-
Construction
WoodSiding,WoodFrame
Security
-
Heating
Baseboard,Electric
Garage/Carport
1
Dining Area
-
Exterior
Storage,PavedDriveway
Pet Restrictions
No
Parking
Asphalt,Driveway,Garage,OneCarGarage,Paved,Private
Application Fee
-
Water Access
-
Pool
No
Gated Community
-
Status
A
Listing Office
Client First Of The High Country

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Listing Courtesy of: Client First Of The High Country