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

Banner Elk, NC, 28604
$ 945,000
Bedrooms8 Baths4.0 Sq 2,688

Monthly Estimate*

$ 6,601

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Multi-Family Home for sale in Banner Elk, NC

for $945,000 with 8 bedrooms and 4 full baths. 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.

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Multi-Family Active

Price

$ 945,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Year Built

1983

Town/City

Banner Elk

County/Region

Avery

MLS | Web ID

4131331

Features
General
Sewer Public Sewer
Heating Baseboard Ductless
Cooling Ductless Other - See Remarks
Appliances Dishwasher Dryer Electric Range Refrigerator Washer
HOA 600
Construction Materials Wood
Pets Allowed Yes
Year Built 1983
Tenant Pays Other
Unit Number 4 6 7 8
Property SubType Apartment
Elevation 3500
Assoc Fee Paid Per Annually
County Avery
New Construction N
Property Type Residential Income
Directions Tynecastle Castle Highway heading toward Banner Elk. Elk Hill Drive will be a road on the right after Masters Touch Stone. Follow uo the hill through a curve condos will be on your right.
High School Avery County
City Banner Elk
Total Units 4
Street Name Elk Hill
Elementary School Banner Elk
Middle/Junior High School Unspecified
Standard Status Active
Construction Type Site Built
Tax Assessed Value 348400
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Exterior
Parking Features Parking Lot
Water Source Shared Well
Lot Size Area 0
Foundation Details Crawl Space
Building Area Total 2688
Road Surface Type Gravel
Lot Size Units Acres
Road Responsibility Private Maintained Road
Main Level Garage YN N
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Interior
Fireplace Features Gas
Fireplace Y/N Y
Above Grade Finished Area 2688
Full Baths 4
Street Suffix Drive
Laundry Features Common Area In Unit Other - See Remarks
Total Bedrooms 8
Below Grade Finished Area 0
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Internal Only
Street Number 1 218
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* Excluded Features
List By
Hyatt In The High Country Real

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$6,601
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Monthly Principal & Interest
$6,601
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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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Nearby
1897826 Elementary School
1961394 Middle School
Avery County High School High School
Pricing History
DatePricePrice ChangeDescription
4/20/2024$945,000 Listed Price

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218 Elk Hill Drive # 4 # 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 # 4, 6, 7, 8 has 8 bedrooms, 4.0 baths, and was built in 1983. The property's zip code is 28604 which is in Banner Elk, NC