1. North Carolina
  2. Cullowhee
  3. 29 Winterberry Drive
$695,000

29 Winterberry Drive, Cullowhee, NC 28723

  • 5,918 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1971
  • Property Lot Size Icon1.13acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $117/sqft
  • Property List Date Icon Listed 1 month ago

Property 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.

Listing Status:
Active
Listing Office:
EXP Realty LLC : 888-584-9431
MLS ID:
4275594
  • Appliances: Electric OvenRefrigerator
  • Laundry: Electric Dryer HookupWasher Hookup
  • Basement: Other
  • A/C: Ceiling Fan(s)Window Unit(s)
  • Heating: Baseboard

This listing courtesy of EXP Realty LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Cullowhee Valley School

240 Wisdom Dr, Cullowhee, NC, 28723

Grades KG-8

0.80 miles away

C

Cullowhee Valley School

240 Wisdom Dr, Cullowhee, NC, 28723

Grades KG-8

0.80 miles away

J

Jackson County Early College

404 College Dr, Sylva, NC, 28779

Grades 9-12

4.23 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.