20-Pine Swamp, Old Fields, Ashe Elk
Street Dir Prefix:
This is an INVESTOR /DEVELOPER PROPERTY with a high % R.O.I. "Whispering Streams" is a partially (70%) completed Condominium Development with 9 duplex(s) = 18 individual Condo units. 9.092 acres PRIME LOCATION beautifully landscaped grounds with 2 ponds 2 trout streams, 3 HiVol water wells, N.C. State approved Water Treatment facility built & in place. All underground water, sewer, electric, propane tanks, gas lines are in place. All 18 Condo units are 'Top Quality Craftsmanship re Construction' totally "dried in" with hardy board & real Mt. Stone exteriors, asphalt shingle roofs, electric, plumbing, insulation, sheet rock, T&G Ceilings, stone gas log fireplaces, tub/shower, Pella doors & windows...some units have cabinets installed w/ HW & tile floors. 43, 000 sq. ft. under roof. Seller has 4.2 million 100% equity position with existing project completed to date including all infrastructure. Per 2.2 mil Offering = $50.00 per sq. ft. Professional estimate for completion cost @ 1.7 million = $39.00 p.s.f. 6 Month TURNKEY POTENTIAL for IMMEDIATE SALE & R.O.I. all based on $89.00 p.s.f. Market Comps demonstrate potential for 40%++ Return on Investment. YOU DO THE MATH!