119 Boone Ridge Dr Burnsville, NC 28714
- Garden apartment buildings
- 3,400 SF
- 1.31 lot acres
Current Use by Public Records
- Garden apartment buildings
Property Details for 119 Boone Ridge Dr
- Year built
- 2001
- Construction
- WOOD FRAME
- Lot size
- 1.31 lot acres
- Property size
- 3,400 SF
- Zone code
- R-10
- Property type
- Garden apartment buildings
- APN
- 082012756706.000
- APU
- 82012756706000
Description
This exceptional investment opportunity presents a 15,480 square foot property situated on a 1.31-acre lot at 119 Boone Ridge Drive, Burnsville, NC. Currently priced at $1,550,000, this property offers a compelling return on investment with a projected 5.8% capitalization rate. The property is located in a quiet Burnsville community, offering a peaceful atmosphere while enjoying the convenience of being just five minutes away from the town square and all local shopping amenities. The property is partially renovated, with approximately 50% of the space already updated, presenting a significant value-add potential for the astute investor. This highly sought-after location ensures strong rental demand and long-term appreciation potential. The substantial size of the property, combined with its strategic location and current renovation status, makes this an ideal opportunity for investors seeking a strong return and significant upside. The 1.31-acre lot provides ample space for future expansion or development, further enhancing the property's long-term value. This is a rare chance to acquire a well-positioned property in a desirable area with immediate income potential and significant room for growth. Don't miss this chance to secure a high-yield investment in a thriving community.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Burnsville
- County
- Yancey
- State
- North Carolina
- Longitude
- -82.2847
- Latitude
- 35.9197
