$695,000
 $3,946 est/mo Sourced by Back At You

29 Winterberry Drive,Cullowhee, NC 28723

Cullowhee, NC 28723

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Description

Turnkey 8-unit multifamily property in Cullowhee, NC located just minutes from WCU. 29 Winterberry offers a mix of units sizes with strong rental demand and professional management in place. Current gross rents exceed $6,300/month with upside to over $7,500/month at market. TTM operating expenses: ~$25K, yielding an NOI of ~$48K and a 6.9% cap rate at list. Private setting with ample parking on over an acre. Ideal for investors seeking cash flow in a stable, growing rental market. Upside in rents and value. Shown by appointment only do not disturb tenants.

Details

MLS #4275594
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1971
Days On Site18
Listing Provided ByEXP Realty LLC | Tyler Mellor

Features

SQ Feet5,918
BasementY
Units8
Acreage1.13

Interior

CoolingCeiling Fan(s), Window Unit(s)
HeatingBaseboard
AppliancesElectric Oven, Refrigerator

Exterior

Construction MaterialsBrick Partial, Vinyl
Foundation DetailsCrawl Space

Parking

Garage Yes / NoNo
Parking FeaturesAssigned

Other

List AorHendersonville Board of Realtors

Taxes

Property344310

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Learn More About This Property

StateNC
CountyJackson
CityCullowhee
Zip Code28723
AreaJackson
School DistrictUnspecified
Elementary SchoolUnspecified
Middle SchoolUnspecified
High SchoolUnspecified
Sourced by Back At You
Listing Updated: July 16, 2025 at 6:12:36 PM PDT