Listing Tools

Once-in-a-lifetime opportunity: 8-plex in LAKE LURE, leased up and ready for you! Eight studio apartments, one office suite, and one community laundry room are surrounded by grassy lawns, a gurgling stream-fed pond...and all right in the heart of Lake Lure, North Carolina. There is an outstanding need for long term leases in Lake Lure and Chimney Rock and all apartment properties in this area are working on a "waiting list". All eight of the residential studio apartments are on separate electrical meters - making a condo conversion a breeze! Each unit has a small refrigerator, electric cooktop, toaster, microwave, and more. The property was once a bed and breakfast and can be operated in a variety of different ways. At $143,000 per door, and a 6% cap rate, this is great buy. There is substantial room for additional rental income. DO NOT DISTURB TENANTS

Property Details of 103 Resort Lane

Interior Features

Exterior Features

Map Location

Driving Directions

Listed by George Carter of Dwell Realty Group at Lake Lure (george@dwelllakelure.com)

Broker Reciprocity © 2024 Listings courtesy of Canopy MLS as distributed by MLS GRID. IDX information is provided exclusively for consumers’ personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The IDX data is deemed reliable but is not guaranteed by MLS GRID and may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS.  Based on information submitted to the MLS GRID as of March 5, 2024 9:18 AM EST . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field: