90 Kimbrell Lane Unit 90 Sylva, NC 28779

Great Investment opportunity in Sylva, NC. Three buildings with a total of 14 units. Two buildings have 4 garden style apartments and the third building has 6 apartments. Each garden style apartment is 2 bedrooms w/ 2 baths and washer and dryer in every unit. Each apartment pays their own electric a...nd water bill. Nice neighborhood, great off campus rental housing. There is land space to build another building to increase the number of units and the current rents are under market rent so there is plenty of upside in future income. Based on value per square foot sold, this property at 15,094 sqft. should be valued at about $1,600,000. , not including future growth potential. This area has a need for apartment rentals. Continue reading