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.
Closed
$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
What's special
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#: 3930988
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