Willowgreen Townhomes   |  134-141 Willow Creek Circle   |   8 Units

  • TO LEARN MORE ABOUT THIS PROPERTY, CONTACT:

    R. Tim Lichtenstein, CCIM at Tim@ltpcommercial.com

    Linville Team Partners is proud to represent the 8-unit Willowgreen Townhome complex located in Vilas, NC, minutes away from Appalachian State University. Built in 2001, these units are located on the Willow Valley golf course just outside of Boone, NC. These units are well maintained and have a 100% occupancy history over the last 15 years. Currently leased as student housing, each unit is well appointed with wooden cabinets, washer and dryer in-unit, central heating and air and a fireplace. Property also comes with a website, electronic rental payment program. Handyman relationships in place as well as landscaping and snow removal services.

    Address:134-141 Willow Creek Circle
    City:Vilas
    Zip:28692
    Avail sf ± 22,912
    Price$1,625,000
  • Aerial Map
    Aerial Photo
  • PROPERTY DETAILS

    Property Type Investment
    Multi-family
    Avail sf ± 22,912
    Year Built ±2001
    Floors ±2
    FlooringMixed
    RoofInstalled in 2001
    # of Units8
    Acres ±1.10
    ParkingOn Site
    SprinkleredYes

    UTILITIES

    ElectricalYes
    WaterYes
    SewerYes
    AirYes
    HeatYes
    GasYes

    TAX INFORMATION

    ZoningR07
    County:Watauga , NC
    Tax PIN1990266908000; 1990265997000; 1990363213000; 1990363216000; 1990362270000; 1990362274000; 1990363279000; 1990364208000

    PRICING & TERMS

    Price$1,625,000
    NOI$108,113
    Cap Rate6.7%
    CommentsLinville Team Partners is proud to represent the 8-unit Willowgreen Townhome complex located in Vilas, NC, minutes away from Appalachian State University. Built in 2001, these units are located on the Willow Valley golf course just outside of Boone, NC. These units are well maintained and have a 100% occupancy history over the last 15 years. Currently leased as student housing, each unit is well appointed with wooden cabinets, washer and dryer in-unit, central heating and air and a fireplace. Pr

    UNIT INFORMATION

    Type # of Units Average Rental Rates
    Three Bedroom 8 $489.00/Unit