Description
Fantastic Investment Opportunity- Maple Crest Independant Living consists of 16 Patio Homes, 5 Units with 1,737 sq.ft. & a two car garage, 11 Units with 1,559 sq.ft. & 1 car garage. Social Club House with 2,490 sq.ft which includes a large kitchen facility and open gathering areas. There is also an additional 9.18 acres of property that is on grade and ready to develop that adjoins the existing duplex's and club house. The additional property is currently Zoned R5 which will allow a maximum of 22 units per acre. This opportunity doesn't come along very often where you can have a wonderful rental income base while building out and selling additional patio homes or developing a multi-story structure.The demand for senior housing is at an all- time high. This property is conveniently located close to I-26, hospitals, grocery stores, drug stores, ETSU and it all comes with beautiful mountain views. ** New patio homes would pre- sell out very quickly. Please see the property survey, building footprints and aerial photos under Documents. The annual taxes for the remaining 8.2 acres : City $4,268.16 & County $5366.40
-
6BEDS
-
14.3ACRES
-
6BATHS
-
01/2 BATHS
-
5,786SQFT
-
$907$/SQFT
School Information
Description
Fantastic Investment Opportunity- Maple Crest Independant Living consists of 16 Patio Homes, 5 Units with 1,737 sq.ft. & a two car garage, 11 Units with 1,559 sq.ft. & 1 car garage. Social Club House with 2,490 sq.ft which includes a large kitchen facility and open gathering areas. There is also an additional 9.18 acres of property that is on grade and ready to develop that adjoins the existing duplex's and club house. The additional property is currently Zoned R5 which will allow a maximum of 22 units per acre. This opportunity doesn't come along very often where you can have a wonderful rental income base while building out and selling additional patio homes or developing a multi-story structure.The demand for senior housing is at an all- time high. This property is conveniently located close to I-26, hospitals, grocery stores, drug stores, ETSU and it all comes with beautiful mountain views. ** New patio homes would pre- sell out very quickly. Please see the property survey, building footprints and aerial photos under Documents. The annual taxes for the remaining 8.2 acres : City $4,268.16 & County $5366.40
© 2023 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2023-03-22T23:59:52.77.