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.
Active
$695,000
29 Winterberry Dr, Cullowhee, NC 28723
--beds
--baths
5,918sqft
Est.:
Multi Family
Built in 1971
-- sqft lot
$645,400 Zestimate®
$117/sqft
$-- HOA
What's special
Private settingOver an acreAmple parking
- 40 days
- on Zillow |
- 181 |
- 12 |
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