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.
MLS # | 4275594 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 1971 |
Days On Site | 18 |
Listing Provided By | EXP Realty LLC | Tyler Mellor |
SQ Feet | 5,918 |
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Basement | Y |
Units | 8 |
Acreage | 1.13 |
Cooling | Ceiling Fan(s), Window Unit(s) |
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Heating | Baseboard |
Appliances | Electric Oven, Refrigerator |
Construction Materials | Brick Partial, Vinyl |
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Foundation Details | Crawl Space |
Garage Yes / No | No |
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Parking Features | Assigned |
List Aor | Hendersonville Board of Realtors |
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Property | 344310 |
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State | NC |
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County | Jackson |
City | Cullowhee |
Zip Code | 28723 |
Area | Jackson |
School District | Unspecified |
Elementary School | Unspecified |
Middle School | Unspecified |
High School | Unspecified |