NOT LISTED FOR SALE

59 Mulberry St Clyde, NC 28721

16 Beds
8 Baths
6,192 Sq Ft
0.49 Acres

Last Sold December 15, 2020

Last sale price $680,000 $110 Per Sq Ft

48 Days on Market

Highlights

  • Traditional Architecture
  • Corner Lot
  • Tile Flooring
  • Canton Middle Rated 9+

About This Home

As of December 2020

Impeccably maintained 8 unit apartment complex listed at only $88,750 per unit. The Mulberry Apartments are 100% occupied with a strong history of stabilized financials available and recent appraisal showing 6.75% cap rate. Thoughtful construction is built to last and includes double insulated walls, covered entrances, patio or balcony off each bedroom, updated finishes, laundry hookups in hall closets, individual heat pumps, ample storage, and paved parking. Only one owner since the building's construction in 2006. Efficient 2 bedroom, 1 bath floor plans averaging 774 SF each. Located off Main Street in Clyde with restaurants and shops within walking distance. Immediate proximity to interstate is ideal for commuters and just minutes from Waynesville and 25 miles west of Asheville. Large greenspace overlooking Depot Street with potential to accommodate future expansion.

Last Agent to Sell the Property

Stephanie West

Whitney Commercial Real Estate License #276499 Listed on: 09/23/2020

Last Buyer's Agent

Aaron Kraft

WEICHERT, Realtors - Unlimited License #241085

WEICHERT, Realtors - Unlimited

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2006

Lot Details

  • 0.49

Home Design

  • Traditional Architecture
  • Vinyl Siding

Additional Features

  • Tile Flooring
  • 8 Full Bathrooms
  • Corner Lot

Listing and Financial Details

  • Assessor Parcel Number 8637-72-0077

Property Details

Home Type

Multi-Family

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Eightplex
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 0.95775
  • Ratio Close Price By Original Li: 0.95775
  • Ratio Current Price By Acre: 1387755.10
  • Ratio Current Price By Sq Ft: 109.82
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Foundation Details: Block
  • Full Bathrooms: 8
  • Total Bedrooms: 16
  • Flooring: Carpet, Tile
  • Laundry Location: Main
  • Total Sq Ft: 6192

Exterior Features

  • Construction: Brick Full, Vinyl
  • Construction Type: Site Built

Garage/Parking

  • Parking: Lot

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water

Schools

  • Elementary School: Unspecified
  • Middle School: Unspecified
  • High School: Unspecified

Lot Info

  • Lot Dimension: 180x115
  • Lot Features: Corner Lot
  • Lot Size Area: 0.490
  • Parcel Number: 8637-72-0077
  • Zoning Specification: CR-2

Tax Info

  • Tax Value: 475400.00
  • Tax Location: Clyde

Multi Family

  • Number Of Units Total: 8

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2020 12/15/20 Sold $680,000 -4.2% $110 / Sq Ft
11/10/2020 11/10/20 Pending -- -- --
09/23/2020 09/23/20 For Sale $710,000 -- $115 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3667989

Canopy MLS (Canopy Realtor® Association)