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137 Red Maple Ln 4 Unit Apartment Building $1,599,000 ($399,750/Unit) Burnsville, NC 28714
INVESTMENT HIGHLIGHTS
- 11 Septic tanks in place on lots and over 31 acres.
- Two new tiny homes and Remodeled Duplex - four rental units in place.
- Spring Water system in place.
EXECUTIVE SUMMARY
Once the Woodland Hills Subdivision/ Mobile home park this property has been re-imagined as a new tiny home community, log cabin community, or subdivision. A new spring house and water system has been built that will serve several homes. There are 11 permitted septic tanks on the property. The roads have been regraded and upgraded, old the old mobile homes removed. Two new tiny homes have been constructed and are ready to be rented and the original homeplace has been remodeled to create two 2BR apartments. The possibilities are endless. Just over 31 acres and within minutes of downtown Burnsville, hiking, Mount Mitchell State Park, the Appalachian trail and various outdoor activities. This property is located in the opportunity zone in Yancey County and there are no zoning regulations to limit the possibilities. The current owner has put the infrastructure in place to create a tiny home community.
PROPERTY FACTS
| Price | $1,599,000 | Building Class | B |
| Price Per Unit | $399,750 | Lot Size | 31.00 AC |
| Sale Type | Investment | Building Size | 2,148 SF |
| Sale Condition | Redevelopment Project | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1989/2024 |
| Property Type | Multifamily | Parking Ratio | 7.45/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Single-Family Home | ||
| Zoning | None - There is no Zoning on this property. The property is located in the Opportunity Zone | ||
| Price | $1,599,000 |
| Price Per Unit | $399,750 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 31.00 AC |
| Building Size | 2,148 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1989/2024 |
| Parking Ratio | 7.45/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | None - There is no Zoning on this property. The property is located in the Opportunity Zone |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 6+4 | 4 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 080004909474.000 | Improvements Assessment | $0 |
| Land Assessment | $25,200 | Total Assessment | $25,200 |
PROPERTY TAXES
Parcel Number
080004909474.000
Land Assessment
$25,200
Improvements Assessment
$0
Total Assessment
$25,200
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Whispering Pines Mountain Real Estate
137 Red Maple Ln
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