218 Elk Hill Drive # 4,6,7,8 Banner Elk, NC $ 945,000
218 Elk Hill Drive # 4,6,7,8
$ 945,000
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218 Elk Hill Drive # 4,6,7,8

Banner Elk, NC, 28604
$ 945,000
Baths0.0 Sq 2,688

Monthly Estimate*

$ 6,601

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Studio

Multi-Family Home for sale in Banner Elk, NC

for $945,000. This 2,688 square foot home was built in 1983.

Looking for an investment? Look no further! This group of condos is being offered below appraisal value and is well seasoned for the investor looking for a “Home Run.” All units are 2 bed, 1 bath with an open floorplan. Three units have updated solid surface floors, granite, dishwashers, garbage disposals, Jacuzzi tubs with surround shower, custom closets, built in desks, and vented gas stone corner fireplaces. All units have very spacious decks and the two end units have additional decks with sliders. The location is superb, minutes to town, restaurants, Lowes Hardware, and grocery stores. Both Sugar Mountain and Beech Mountain ski resorts are only a short drive. A short 5 minute drive to Lees McRae and a 30 minute drive to Appalachian State University. For the hiking enthusiast Grandfather Mountain and numerous hiking trails are close by. These units stay rented. Long-term rentals accepted, and short-term rentals could be a possibility in the future. This development of 8 units has been carefully maintained and cared for. There is a community laundry on the property for renters’ convenience. This is a quiet neighborhood and perfect setting for renters. These units stay rented. Long term rental accepted, short term rental could be a possibility in the future. This development of 8 units has been carefully maintained and cared for. There is a community laundry on the property for renters convenience. Quiet neighborhood and perfect setting for renters.

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Multi-Family Active

Price

$ 945,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,394

Style

ResidentialIncome

Year Built

1983

Town/City

Banner Elk

County/Region

Avery

MLS | Web ID

249147

Features
General
Sewer PublicSewer
Heating Baseboard Electric Fireplaces
Cooling Electric
Utilities SeparateMeters HighSpeedInternetAvailable
Roof Architectural Shingle
Appliances Dryer Dishwasher ElectricRange Disposal Refrigerator Washer
HOA 600.0
Architectural Style Mountain
Construction Materials Cedar WoodSiding WoodFrame
Year Built 1983
View Mountains SeasonalView
Unit Number 4 6 7 8
Property SubType MultiFamily
Community Features LongTermRentalAllowed
Assoc Fee Paid Per Monthly
County Avery
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn Y
Attached Garage N
Subdivision Name None
Garage Y/N N
Status Active
High School Avery County
City Banner Elk
Buyer Agent Compensation 3
View Y/N Y
Senior Community Y/N N
MLS Area 8-Banner Elk
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Elk Hill
Listing Terms Cash NewLoan
Elementary School Banner Elk
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 1394.0
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor Banner Elk
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 4
Standard Status Active
Property Sub Type Additional MultiFamily Other
Buyer Agent Compensation Type Item1
Lease Amount Frequency Monthly
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Interior
Basement CrawlSpace
Fireplace Features Gas Stone Vented Propane
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features DoubleHung Screens WoodFrames
Fireplace Y/N Y
Full Baths 0
Half Baths 0
Street Suffix Drive
Total Bedrooms 0
Electric On Property Y/N N
Total Baths 0
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Exterior
Parking Features SharedDriveway
Water Source SharedWell
Lot Size Area 0.0
Spa N
Building Area Total 2688.0
Lot Size Acres 0.0
Road Surface Type Gravel
Lot Size Units Acres
Road Frontage Type PrivateRoad
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 218
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* Excluded Features
List By
Hyatt In The High Country, Inc.

Broker

margie@hyattinthehighcountry.com

Email

Affordability Calculator

$6,717
Per Month
98%
2%
0%
Monthly Principal & Interest
$6,601
Monthly Property Taxes
$116
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4062214 Elementary School
4062210 Middle School
Avery County High School High School
Pricing History
DatePricePrice ChangeDescription
4/19/2024$945,000 Listed Price

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218 Elk Hill Drive # 4,6,7,8, Banner Elk, NC, 28604 is a Multi-Family Home for sale at $945,000 with 2,688 sqft. 218 Elk Hill Drive # 4,6,7,8 is a studio with 0.0 baths and was built in 1983. The property's zip code is 28604 which is in Banner Elk, NC