Building Details

Year Built 2001

Listing Agency: ABSOLUTE BESPOKE PROPERTIES LLC Show Phone

Listed By: JARED LAFER · License #308502

Source: Corcoran

Added: Apr 2, 2023 Changed: Aug 8 Last Checked: Aug 8 at 1:45PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ABSOLUTE BESPOKE PROPERTIES LLC

Investment Insights

Based on property information with market context.

Located in a quiet community in Burnsville, North Carolina, this multifamily property presents an investment opportunity. The property is situated approximately 5 minutes from the town square and shopping areas. Currently, 50% of the property has been renovated. The property size is 15480 square feet.

Key Highlights

• Highly sought after location in Burnsville.
• Solid investment with a 5.8% CAP rate.
• Value add investment opportunity.

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store Furniture & Home Goods Garden Center Storage Facility Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

189

Businesses Nearby

Explore this area Business Placement

Demographics for 28714, NC

16,397

Population

9,719

Households

1.7

Avg Household Size

48

Median Age

24%

College-Educated

88%

High-School Grad

257.8 sq mi

ZIP Area

64

Density / Sq Mi

$56,551

Median Household Income

$36,212

Median Earnings

$803

Median Rent

$216,200

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property in Burnsville, NC, near town square.

Where is this apartment building located?

The property is located at 119 Boone Ridge Drive Burnsville, NC.

What is the asking price?

The asking price for this property is $1,550,000.

What are key features of this property?

This property features: Highly sought after location in Burnsville.; Solid investment with a 5.8% CAP rate.; Value add investment opportunity.