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    71 E Cheek St Sparta, NC 28675

    For Sale
    $425,000

    Commercial - Sparta, NC

    Lot size:
    0.33 Acres
    Days on Market:
    10
    Last Refresh:
    Dec 13 at 5:06 pm

    Property Features for 71 E Cheek St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.33 Acres

    Building Details

    Year built
    1973
    Building materials
    Frame
    Architectural style
    Other

    United Country Foxfire Realty (336) 657-7294 [email protected]

    Listing agent SHIRLEY RICHARDSON (336) 372-5773

    Listing date Dec 4, 2025

    MLS# 252947 Listing URL

    Copyright © 2025 High Country Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Sparta Apartment Building Investment Opportunity

    This apartment building, situated in an excellent location, presents a great investment opportunity. The building comprises six units, with four located on the main level and two on the lower level. While all units are similar in size, they feature different layouts. Five of the units are equipped with electric baseboard heating, while one unit has a heat pump. Located within town limits, the property benefits from town water and sewer services. Currently, four of the units are rented, one is owner-occupied, and one is utilized as an Airbnb. All units have been updated with new hot water heaters and new flooring. Four units have their own washer and dryer, while units 5 and 6 share a utility room. Approximately half of the windows have been replaced, and one side of the building features new siding. Fiber optic internet is available, making it suitable for working from home. Its location allows walking access to downtown, restaurants, a bank, the post office, a grocery store, and a church. The lot size is 0.333 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sparta
    County
    Alleghany
    State
    North Carolina
    Longitude
    -81.118223
    Latitude
    36.50497

    Nearby Similar for Sale

    • $140,000
      10.07 Acres

      Charming Mini Farm in Sparta

      10-acre mini farm with barn, pond, and mountain views.
      456 Cahn Rd, Sparta, NC 28675
      View Details
    • $485,000
      5,952 SF

      Sparta Commercial Multifamily Investment

      Six-Unit Apartment Building, Prime Location
      71 Cheek St, Sparta, NC 28675
      View Details

    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment building in excellent location with rental income.
    Where is this apartment building located?
    The property is located at 71 E Cheek St Sparta, NC.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Excellent location: walk to downtown, restaurants, bank, post office, grocery store, and church.; - Income-generating property: 4 units rented, 1 owner-occupied, and 1 operating as an Air B&B.; - **New hot water heaters and new flooring in all units.**
    (336) 372-5773
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    71 E Cheek St Sparta, NC 28675
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