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70 Sapphire Valley Rd 19 Unit Apartment Building $4,590,000 ($241,579/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. 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 | $4,590,000 | Building Class | B |
| Price Per Unit | $241,579 | 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 | $4,590,000 |
| Price Per Unit | $241,579 |
| 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 | 7582-75-0536 | Improvements Assessment | $1,773,019 |
| Land Assessment | $228,750 | Total Assessment | $2,001,769 |
PROPERTY TAXES
Parcel Number
7582-75-0536
Land Assessment
$228,750
Improvements Assessment
$1,773,019
Total Assessment
$2,001,769
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Sapphire Commons
70 Sapphire Valley Rd
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