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Blowing Rock Villas 157 Hill St 4 Unit Apartment Building $1,200,000 ($300,000/Unit) 8.80% Cap Rate Blowing Rock, NC 28605

Apartment Buildings North Carolina Blowing Rock 157 Hill St, Blowing Rock, NC 28605

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INVESTMENT HIGHLIGHTS

  • Two duplexes for sale
  • short term rentals in downtown Blowing Rock

EXECUTIVE SUMMARY

Investment opportunity in downtown Blowing Rock - Four units located just off Main Street Blowing Rock. Great opportunity for long term investment or redevelopment.

ATTACHMENTS

rentalizer-report-157-Hill-Street,-Blowing-Rock,-NC,-USA-1743452180939
BR Villa Plat

PROPERTY FACTS Under Contract

Price $1,200,000 Apartment Style Single-Family Home
Price Per Unit $300,000 Building Class C
Sale Type Investment Lot Size 0.30 AC
Cap Rate 8.80% Building Size 2,300 SF
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
  • Redevelopment Project
 Average Occupancy 0%
Gross Rent Multiplier 10 No. Stories 1
No. Units 4 Year Built 1985
Property Type Multifamily Parking Ratio 2.61/1,000 SF
Property Subtype Apartment
Zoning CB - Commercial Business
Price $1,200,000
Price Per Unit $300,000
Sale Type Investment
Cap Rate 8.80%
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
  • Redevelopment Project
Gross Rent Multiplier 10
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Single-Family Home
Building Class C
Lot Size 0.30 AC
Building Size 2,300 SF
Average Occupancy 0%
No. Stories 1
Year Built 1985
Parking Ratio 2.61/1,000 SF
Zoning CB - Commercial Business

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 4 - 575
1 1

PROPERTY TAXES

Parcel Number 2807-98-8885-000 Improvements Assessment $139,050
Land Assessment $101,900 Total Assessment $240,950

PROPERTY TAXES

Parcel Number
2807-98-8885-000
Land Assessment
$101,900
Improvements Assessment
$139,050
Total Assessment
$240,950
(828) 379-9322

Still interested?

Contact the broker for more information about this property

CONTACT

  • Mike Quinto
    Mike Quinto
  • Quinto Realty

  • Listing ID: 35375839

  • Date on Market: 4/4/2025

  • Last Updated:

  • Address: 157 Hill St, Blowing Rock, NC 28605

More public record information on 157 Hill St, Blowing Rock, NC 28605

The Multifamily Property at 157 Hill St, Blowing Rock, NC 28605 is currently available for Sale. Contact Quinto Realty for more information.

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Blowing Rock Villas | 157 Hill St
(828) 379-9322 x

Blowing Rock Villas | 157 Hill St

Mike Quinto
(828) 379-9322

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