3385 Us-321Blowing Rock, NC 28605

Property Details for 3385 Us-321

Year built

1950

Lot size

0.50 AC

Property size (Sq ft)

3,110 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This Blowing Rock, NC multifamily investment opportunity presents a unique chance to acquire a well-located apartment building. Situated on a 0.5-acre lot at 3385 US-Hwy 321, this property boasts a prime location on a major thoroughfare between Blowing Rock and Boone, NC, experiencing high daily traffic volume (24,000 vehicles). The building, constructed in the 1950s and renovated in the 2000s, features 3,110 square feet of net rentable space, spread across two stories and encompassing four units. Each unit offers ample space, with a total of six bedrooms across the building. The property includes 20 parking spaces, a significant advantage in this area. Currently, the building is configured in a manner that could easily be converted back to its original use as an apartment building. The property utilizes well water and septic systems, with the owner reporting no issues. This investment is priced at $997,000, or $249,250 per unit, and $320.58 per square foot. The strong rental market in Blowing Rock and Boone, enhanced by the proximity to Appalachian State University (21,000 students), makes this a compelling opportunity for owner-users or investors seeking a solid return. The solid brick veneer construction ensures durability and longevity. This high-country jewel offers significant potential for growth and income generation in a thriving tourist destination.

Location Insight

City

Blowing Rock

County

Watauga

State

North Carolina

Latitude

36.1814

Longitude

-81.648

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].