Ashe High Country Realty
Ashe High Country Realty

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173 Old Turnpike NW Road

256809 Banner Elk, NC 28604

5
Beds

3
Baths

1875
Sqft

0.260
Acres

$425,000

For Sale

Rare Opportunity!! Only listing like this in downtown Banner Elk; Set as a duplex (but could be used as a single family with a rental income apartment (just rented at $1250/month through 10/26), or with the stairs from the main level down to the workshop/garage, it could easily be finished out as a 5/3 home with an extra living/kitchen below) that is walking distance to town!!! At $37,200/ most recent annual rents, why get into the vacation rental market and it's headaches? It's very rare for any multi-family to come on the market in Downtown Banner Elk on city water/sewer/maintained-paved roads, and this investment has been a great asset for 11 years to the current owner. Easily accessible with paved driveway, and fully remodeled when purchased, including metal roof, paint, new kitchens, new baths, new plumbing, new windows, lvp flooring, etc, the duplex features a 2/1 below, and a 3/2 above, with separate entrances/decks. The basement features a 1-car garage and large workshop area (this is set up to be assessed by either unit, depending on which wants to include it in their lease). There is a small flat yard around the lower unit. Old Turnpike runs next to a noisy creek, and is a quiet, flat street that is great for walking. Available for showings now (leases just ended). In past tenants pay all utilities 50/50 between the units; with power on 1 meter. Upper currently advertised for rent at $1850/month, $1250/ 1 year lease signed for lower through 10/26.

Listing ID:

256809

Property Type:

Single Family

Year Built:

1984

Bedrooms:

5

Bathrooms:

3 Full, 0 Half

Sqft:

1875

Acres:

0.260

Garage/Carport:

1

Map

Latitude: 36.163352   Longitude: -81.879218

Location & Neighborhood

City: Banner Elk

County: Avery

Area: 8-Banner Elk

Subdivision: None

Environment

Utilities & Features

Heat: Baseboard, Electric

Sewer: Public Sewer

Utilities: Cable Available, High Speed Internet Available

Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer

Parking: Asphalt, Driveway, Garage, One Car Garage, Paved, Private

Interior

Fireplace: None

Windows: Double Pane Windows

Sqft Living Area Above Ground: 1875

Sqft Total Living Area: 1875

Exterior

Exterior: Storage, Paved Driveway

Style: Cottage, Traditional

Construction

Construction: Wood Siding, Wood Frame

Garage: 1

Roof: Metal

Financial

Property Taxes: $1,255

Other

Price Per Sqft: $227

Price Per Acre: $1,634,615

173 Old Turnpike NW Road, Banner Elk, NC 28604

Call 336-246-6348

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Listing Courtesy of Client First Of The High Country

The data relating this real estate listing comes in part from the High Country Multiple Listing Service ®. Real estate listings held by brokerage firms other than the owner of this website are marked with the MLS IDX logo and information about them includes the name of the listing broker. The information appearing herein has not been verified by the High Country Association of REALTORS or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing on this website, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose -- the information is believed accurate but not warranted.

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