$1,406,233
●
Land -
Off Market
6695 Ellijay Road
Franklin, NC 28734
Studio
0 Bath
$6,905
Est. Monthly
About This Property
OWNER FINANCING AVAILABLE and SELLER WILLING TO SUBDIVIDE. This 141
acre tract is one of two that are being marketed together as an
unrestricted 282.88 acre assemblage. Lucrative investment
opportunity for a developer. Also well-suited for use as a private
mountain retreat for a high net worth individual. Dozens of prime
building locations. More than a mile of creeks and streams. Scenic
views of distant mountains. Adjoins national forest and a large
permanent conservation easement. Road frontage approximately 3,000
feet. Existing entrances and logging roads throughout the
assemblage. Western Carolina University 10 miles; Franklin NC 12
miles; Cashiers NC 21 miles; Highlands NC 21 miles; Atlanta
perimeter 126 miles. ** The listed offering price per acre is
for a purchase of the entire 282.88 acre assemblage. For a purchase
of less than the entire 282.88 acres the price per acre is be
higher. Contact seller for more information **
Unit Size
-
Days on Market
-
Land Size
141.33 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1959
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CANOPYMLS #CAR4094707)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 17, 2024 | No longer available | - | |
| No longer available | |||
| Dec 15, 2023 | Listed by Chosen Realty of NC LLC | $1,406,233 | |
| Listed by Chosen Realty of NC LLC | |||
| Aug 3, 2019 | No longer available | - | |
| No longer available | |||
| May 30, 2019 | No longer available | - | |
| No longer available | |||
| May 10, 2019 | Listed | $100,000 | |
| Listed | |||
| | |||
|
**ABSOLUTE AUCTION** - THOMAS L. ADAMS ESTATE - Thursday, May 23rd, 11:00am.FRANKLIN / HIGHLANDS / CULLOWHEE, NC AREA.. List price is for MLS purposes only. Actual sales price will vary as property will sell to high bidder WITHOUT RESERVE! Never before offered!! 18.52 UNRESTRICTED acres. Additional 122.81 acres also available and will be sold ABSOLUTE. Bold rushing native trout streams with multiple impressive WATERFALLS through the property. Pasture and former Christmas tree farm, borders US Forest Service, creek has Rainbow trout as well as actual native Appalachian Brook Trout. Good access, wooded knolls, views, parts of the property have nice Southern exposure. SELLS REGARDLESS OF PRICE! NCAL#8704. OWNER RESERVES THE RIGHT TO ACCEPT AN OFFER PRIOR TO AUCTION. Phone bids accepted. Sale site for this property will be at Robert C. Carpenter Community Building,1288 Georgia Road, Franklin, NC, Thursday, May 23rd at 11:00am. Portion of parcel # listed. Preview dates on site: Saturday, May 18th from 10:00am - 1:00pm, Monday, May 20th 4:00pm
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About Macon
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Listed by: Nick Huscroft, Chosen Realty of NC LLC
Last Updated: 2 years ago
Data Source: CANOPYMLS, MLS# CAR4094707
Last Updated: 2 years ago
Data Source: CANOPYMLS, MLS# CAR4094707
Details provided by CANOPYMLS as Distributed by MLS Grid and may not match the public record.
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.
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.
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