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70 Sapphire Valley Rd 19 Unit Apartment Building $4,390,000 ($231,053/Unit) Sapphire, NC 28774
Investment Highlights
- Prime location in Sapphire’s resort corridor near Cashiers and Highlands
- Easy access to Asheville, Greenville, and Atlanta markets
- 19-unit multifamily asset with flexible rental strategy potential
- Surrounded by golf, hiking, and year-round outdoor recreation
Executive Summary
Nestled in the heart of the scenic Blue Ridge Mountains, this 19-unit multifamily property offers a rare investment opportunity in the sought-after resort town of Sapphire, North Carolina. The property includes a long-term commercial anchor tenant, 2650 sq ft of commercial space available for lease, as well as 19 living units which are 100% occupied. Located at 70 Sapphire Valley Road, the asset spans approximately 11,703 square feet and is listed at $4,590,000. The property is ideally positioned to benefit from the area’s strong seasonal tourism, proximity to outdoor recreation, and growing demand for short- and long-term rental housing.
Property Facts
| Price | $4,390,000 | Building Class | B |
| Price Per Unit | $231,053 | Lot Size | 1.80 AC |
| Sale Type | Investment | Building Size | 11,703 SF |
| No. Units | 19 | Average Occupancy | 77% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1984/2022 |
| Apartment Style | Low-Rise | Parking Ratio | 5.98/1,000 SF |
| Zoning | COMMERCIAL - This is a Mixed Use 11,702sf +/- commercial / residential building zoned for office, medical, retail, and restaurant. | ||
| Price | $4,390,000 |
| Price Per Unit | $231,053 |
| Sale Type | Investment |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.80 AC |
| Building Size | 11,703 SF |
| Average Occupancy | 77% |
| No. Stories | 2 |
| Year Built/Renovated | 1984/2022 |
| Parking Ratio | 5.98/1,000 SF |
| Zoning | COMMERCIAL - This is a Mixed Use 11,702sf +/- commercial / residential building zoned for office, medical, retail, and restaurant. |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Heating
- High Speed Internet Access
- Sprinkler System
- Tub/Shower
Site Amenities
- 24 Hour Access
- Business Center
- Controlled Access
- Picnic Area
- Property Manager on Site
- Tenant Controlled HVAC
- Basketball Court
- Furnished Units Available
- Grill
- Wheelchair Accessible
- Pet Play Area
- Smoke Free
- Trash Pickup - Curbside
- Walking/Biking Trails
- Wi-Fi
- Storage Space
- Community-Wide WiFi
- Conference Rooms
- Fiber Optic Internet
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 745 - 880 |
| 2+2 | 9 | - | 1,250 - 1,694 |
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Property Taxes
| Parcel Number | 7582-75-1245 | Improvements Assessment | $1,564,074 |
| Land Assessment | $153,040 | Total Assessment | $1,717,114 |
Property Taxes
Parcel Number
7582-75-1245
Land Assessment
$153,040
Improvements Assessment
$1,564,074
Total Assessment
$1,717,114
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Sapphire Commons
70 Sapphire Valley Rd
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