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71 Maple St 5 Unit Apartment Building $750,000 ($150,000/Unit) 6.94% Cap Rate Clyde, NC 28721
INVESTMENT HIGHLIGHTS
- High in-place NOI
- Clear path to income growth
EXECUTIVE SUMMARY
Well-positioned 5-unit in the heart of Clyde, just 20–25 minutes from Asheville, and was completely unaffected by Hurricane Helene! The unit mix includes two 1BR/1BA units and three 2BR/1.5BA units, all with individually metered utilities. New roof in 2022! Current ownership has completed light renovations, providing a solid baseline with plenty of room to push rents through additional upgrades, or continue to cashflow as-is with the strong in-place NOI! With further improvements, the property offers clear rent growth and long-term upside.
PROPERTY FACTS
| Price | $750,000 | Property Subtype | Apartment |
| Price Per Unit | $150,000 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 3,596 SF |
| Cap Rate | 6.94% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Price | $750,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 6.94% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.21 AC |
| Building Size | 3,596 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 3 | - | - |
| 1+1 | 2 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 8637-61-7603 | Improvements Assessment | $210,000 |
| Land Assessment | $36,600 | Total Assessment | $246,600 |
PROPERTY TAXES
Parcel Number
8637-61-7603
Land Assessment
$36,600
Improvements Assessment
$210,000
Total Assessment
$246,600
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71 Maple St
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