Technical
Financial
Distress signals
Property profile

71 Cheek St Sparta, NC 28675

OFF-MARKET
Garden apartment buildings
Property ID
US53-4350597
0.33 ac lot Built 1973
Individually Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a six-unit apartment building configured with four units on the main level and two units on a lower level. The units are generally similar in size, with different floor plan layouts from unit to unit. Heating equipment varies by unit, with five units identified as having electric baseboard heat (EBB) and one unit equipped with a heat pump. The building is connected to town water and town sewer services and has several interior and exterior improvements, including new hot water heaters and new flooring throughout; window updates include replacement windows for approximately half of the openings, and one side of the building has new siding. Laundry provisions include washer/dryer units for four units, while Apt 5 and Apt 6 share a utility room. Fiber optics are noted on the property. The building is located within Sparta’s town limits, with the description indicating walkable access to downtown and nearby services such as restaurants, a bank, the post office, a grocery store, and a church.

Property profile

Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1973
Lot 0.33 ac (14,375 SF)
APN 3070793331
UPID US53-4350597

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tax Preparation

Location

71 Cheek St Sparta, NC 28675-8003
Sparta metro Census 950200
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$430k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$430k

Owner & transaction history

since 2017
2 recorded transactions
2017
Price N/A
2005
$200,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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