MLS#4295783
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
7.25% Cap Rate investment opportunity in the heart of Canton, NC ? this 18-unit, 14,646 SF historic apartment building sits on a 0.19-acre lot and delivers strong rental income with no vacancies and a waitlist. Featuring a mix of studio, one-, and two-bedroom units filled with natural light, the property is home to many long-term tenants. Ideally located within walking distance to shops, restaurants, and breweries such as BearWaters Brewing and Southern Porch, and just minutes from Ingles, Food Lion, and downtown Waynesville, with convenient access to I-40 for a quick 15?20 minute drive into Asheville. A rare, income-producing asset in a growing market?please do not disturb tenants. Contact listing agent for details.
Property Features
Property Type: Commercial - Business
Basement: Yes
Basement: Apartment, Exterior Entry, Interior Entry
Heating: Baseboard
Lot Size: 0.19 Acres
Year Built: 1930
Feature Descriptions
Days on Site: 234
Flood Plain: No
Flooring: Carpet, Wood
Lot: Corner Lot, Level
Parcel#: 8657-81-8963
Parking: Parking Lot
Sewer: Public Sewer
Units: 18
Utilities: Electricity Connected
Water: City
Listed By / Shown By
Listed By
Agency Name: Likewise Commercial Real Estate
Agency Contact: abigail@likewisecommercial.com
Shown By
Agency Title: Lake Norman Realty
Agency Phone: 704-450-1175
13 Newfound Street | MLS# 4295783
This commercial property located at 13 Newfound Street, Canton, NC 28716 is currently listed for sale with an asking price of $2,495,000. Search Canton real estate on www.lakenormanrealty.com today.