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  • $1,148,000

    42 Captains Poin, Cullowhee, NC 28723

    16beds
    8,320sqft
    Multi Family
    Built in 1998
    -- sqft lot
    $1,492,100 Zestimate®
    $138/sqft
    $1,204 Estimated rent

    Owner options

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    $1,204/mo

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    $1,204/mo

    Rent Zestimate®

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    $6,440/mo

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    $6,440/mo

    Est. payment

    What's special

    Great investment with huge further potential near Western Carolina University. Just 5 minutes to WCU and and 2 minutes to the Jackson County Recreation Complex. Tenant get to enjoy mountain views from their back porch plus walk down to the river. Great floor plan for tenants with 2 bedrooms upstairs that each have their own full bathroom. 8 units, each with large eat-in kitchen, laundry, living room and half bath downstairs. They also boast decks out front and out back. The ideal location attributes to an excellent rental history with 100% occupancy and long term tenants. With acreage that is here, there is a possibility of adding at least 8 more units. To do so you would have to plug into city water and sewer. There are lines put in to a source, but needs engineering approval and DEQ approval before activating. But the current 8 units are on shared well and septic. Owner has full rent roll records and expense records to show. A lot of long term tenants.

    Zillow last checked: 8 hours ago

    Listing updated: February 20, 2023 at 11:59am

    Listing Provided by:

    Aaron Kraft akraft@weichertunlimited.com,

    WEICHERT, Realtors - Unlimited

    Bought with:

    Matt Bailey

    SECU*RE Inc.

    Source: Canopy MLS as distributed by MLS GRID,MLS#: 3930988MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 16
    • Bathrooms: 24
    • Full bathrooms: 16
    • 1/2 bathrooms: 8
    Heating
    • Heat Pump
    Cooling
    • Ceiling Fan(s), Heat Pump
    Appliances
    • Included: Dishwasher, Electric Water Heater, Refrigerator
    • Laundry: In Kitchen, Main Level
    Features
    • Flooring: Carpet, Vinyl
    Interior area
    • Total structure area: 8,320
    • Total interior livable area: 8,320 sqft
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Driveway
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Covered, Deck, Front Porch, Rear Porch
    • Exterior features: Storage
    • Has view: Yes
    • View description: Mountain(s), Year Round
    • Waterfront features: None, Creek/Stream
    Lot
    • Size: 2.62 Acres
    • Features: Level
    Details
    • Parcel number: 7558048581
    • Zoning: None
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Vinyl
    • Foundation: Crawl Space
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 1998

    Utilities & green energy

    • Sewer: Shared Septic, Other - See Remarks
    • Water: Shared Well, Other - See Remarks

    Community & neighborhood

    Location
    • Region: Cullowhee

    Other

    Other facts
    • Road surface type: Asphalt, Gravel, Paved