165 Jones Cove Road
165 Jones Cove Road
Clyde, NC 28721
$750,000
- Lot Size: 0.87 Acres
Description
Rare income-producing opportunity in Clyde! This 2-story,12-unit brick apartment building offers immediate cash flow with almost 100% occupancy and under-market rents at $650/month—ideal for value-add investors. Built in 1992, the structure is in fair to good condition and sits on a .86-acre parcel. Also included is a 20-unit self-storage facility (10x10s and 10x20s) that is currently unused by the public and is ready to be leased for additional income. Located just minutes from Waynesville and I-40, this property combines multifamily stability with untapped storage potential. Priced to perform at market cap rates!
Property Summary
| Property Type: | Commercial Sale | Property Subtype : | None |
| Year Built : | 1992 | Construction Type : | Site Built |
| Lot Size : | 0.87 Acres |
Views
- Mountain(s)
More Information
- Construction : Brick Full
- Roof : Composition, Metal
- Parking : Parking Lot
- Heating : Electric
- Water Source : City
- Road : Publicly Maintained Road
- Listing Terms : Cash
- Possible Use : Multi-Family, Other - See Remarks
Based on information submitted to the MLS GRID as of 07-20-2025 04:10:04 UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.