152 Walnut St Waynesville, NC 28786

Property Details for 152 Walnut St

Year built

1953

Lot size

0.47 lot acres

Property type

Office Properties & Spaces

Description

This exceptional investment opportunity presents a 10-unit apartment building situated on a 0.47-acre lot in the heart of Waynesville, North Carolina's Central Business District. The property, constructed in 1953, boasts a charming brick exterior and offers significant upside potential. The building currently comprises ten units, including a garage apartment, totaling approximately 9242 heated square feet. Eight units feature covered, screened patios. The third floor offers approximately 2300 square feet, with roughly half of that space having a ceiling height under 7 feet. The property's location provides easy walkability to downtown Waynesville's amenities, making it ideal for short-term rentals. Ample off-street parking is available, and the sizable lot allows for the addition of several more units, should the buyer desire expansion. The seller is open to financing 50% of the purchase price through an installment sale. This presents a rare chance to acquire a well-located multifamily property with substantial room for growth and value enhancement in a thriving downtown area. The building is ready for updates, presenting an opportunity to increase rental income and property value. This is a prime investment opportunity not to be missed.