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    71 Cheek St Sparta, NC 28675

    Sponsored
    For Sale
    $485,000

    Six-Unit Apartment Building, Prime Location

    Property size:
    5,952 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional six-unit apartment building presents a compelling investment opportunity in the heart of Sparta, NC. Located at 71 E Cheek Street, this property boasts 5,952 square feet on a 0.33-acre lot within the town limits, ensuring convenient access to municipal water and sewer services. The building comprises four main-level units and two lower-level units, all with similar square footage but unique layouts. Five units are equipped with electric baseboard heating, while one features a heat pump. Recent upgrades include new hot water heaters and flooring throughout. Four units offer in-unit washer/dryer hookups, while units five and six share a common utility room. Approximately half of the windows have been recently replaced, and one side of the building showcases new siding. The property benefits from high-speed fiber optic internet access. Currently, four units are rented, one is owner-occupied, and one operates as an Airbnb. Its central location provides easy walking access to downtown Sparta, restaurants, banking services, the post office, a grocery store, and places of worship. This property offers a blend of immediate income generation and significant long-term potential, making it an ideal addition to any investment portfolio. The asking price is $485,000.

    Property Features for 71 Cheek St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,952 SF
    Lot Size
    14,375 SF

    Building Details

    Year Built
    1973
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -81.11845
    Latitude
    36.50488

    Nearby Comparable

    • $425,000
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      Sparta Apartment Building Investment Opportunity

      Six-unit apartment building in excellent location with rental income.
      71 E Cheek St, Sparta, NC 28675
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      Main Street Commercial Land Opportunity

      Commercial land for sale with high visibility and multiple access.
      500 S Main St, Sparta, NC 28675
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    • $1,000,000
      34.53 Acres

      Land with Development Potential

      34.53-acre land in Sparta, NC, suitable for development.
      Tbd Pne Swamp Rd, Sparta, NC 28675
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    Nearby Similar for Sale

    • $425,000
      0.33 Acres

      Sparta Apartment Building Investment Opportunity

      Six-unit apartment building in excellent location with rental income.
      71 E Cheek St, Sparta, NC 28675
      View Details
    • $140,000
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      Charming Mini Farm in Sparta

      10-acre mini farm with barn, pond, and mountain views.
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    FAQs

    What type of property is this?
    Commercial real estate - Six-Unit Apartment Building, Prime Location
    Where is this commercial real estate located?
    The property is located at 71 Cheek St Sparta, NC.
    What is the asking price?
    The asking price for this property is $485,000.
    (336) 372-5773
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    71 Cheek St Sparta, NC 28675
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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 Cheek St Sparta, NC 28675
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