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    6280 Ela Road

    Whittier, NC 28789
    • $1,330,000
    • STATUS: Active Under Contract
    • ON SITE: 335 days
    • ID#: 3656664
    Under Contract
    UPDATED: 57 min ago
    $1,330,000
    • 27
      BEDS
    • 6.56
      ACRES
    • 26
      BATHS
    • 1
      1/2 BATHS
    • 12,726
      SQFT
    • $105
      $/SQFT
    Type:
    Multi-Family
    Built:
    1961
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    Offered by Todd Baucom Realty Inc. Copyright 2021 Canopy MLS. All rights reserved.

    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. Price is set at 8.75% Capitalization Rate. 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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    Based on information submitted to the MLS GRID as of 2021-07-29T20:59:05.537 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Robert Greene Real Estate, Inc nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2021 Canopy MLS.

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    6280 Ela Road Whittier, NC 28789

    • Price: $1,330,000
    • Status: Active Under Contract
    • Updated: 57 min ago
    • ID#: 3656664
    27
    Beds
    26
    Baths
    1
    ½ Baths
    6.56
    Acres
    12,726
    SQFT
    $105
    $/SQFT
    1961
    Built
    County:
    Swain
    Area:
    Whittier
    Elementary School:
    East Swain
    Middle School:
    Swain
    High School:
    Swain
    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. Price is set at 8.75% Capitalization Rate. 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

    Construction Materials Brick PartialWood Siding Parking Features Parking Space - 4+

    Interior Features

    Appliances Other Below Grade Finished Area 0 Building Area Total 12726 Foundation Details Crawl Space Heating Wall Unit(S)Window Unit(S) Laundry Features Common Area

    Property Features

    Community Features Laundry RoomPicnic Area HOASubject To None New Construction YN No Pets Allowed No Property Sub Type Multi-Family Rent Includes All UtilitiesExterior MaintenanceManagement Road Responsibility Public Maintained Road Sewer Septic Installed Special Listing Conditions None Structure Type Apartments Tax Assessed Value 524400 Tenant Pays None Unit Count 0 Water Heater Electric Water Source Well Zoning Description Na



    Based on information submitted to the MLS GRID as of 2021-07-29T20:59:05.537 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Robert Greene Real Estate, Inc nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2021 Canopy MLS.

    Digital Millennium Copyright Act
     
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    Robert Greene Real Estate, Inc
    132 Allendale Drive
    Forest City NC, 28043
    Offered by Todd Baucom Realty Inc. Copyright 2021 Canopy MLS. All rights reserved.