42 Captains Point

    Cullowhee, NC 28723
    • $710,000
    • STATUS: Active
    • ON SITE: 188 days
    • ID#: 3391802
    UPDATED: 29 min ago
    $710,000
    • 0
      BEDS
    • 2.62
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,032
      SQFT
    • $176
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1998
    County:
    Area:

    School Ratings & Info

    Offered by Western Carolina Properties, Inc.. Copyright 2018 Carolina Multiple Listing Services. All rights reserved.

    Description

    This is a great opportunity to invest in a great apartment complex that has a history off 100% occupancy and only minutes to Cullowhee and WCU. The Cap rate on this property is in excess of 8% and has a favorable NPV and expected strong cash on cash return especially with the offered owner financing. There are 8 individual 2 story apartments with two master bedrooms each with its own full bath on the second floor of each unit, additionally on the main floor there is a half bath, large living room and eat in kitchen. Each unit has a rear deck and more than adequate parking for all tenants and guests. There is additional room on the property to build additional units and there is an existing TWSA (sewer and water ) allocation for the property. The units currently rent for 775.00 per month with yearly leases.

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    The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Exit Mountain Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2018 Carolina Multiple Listing Services, Inc. Data last updated 2018-11-19T14:59:18.487.

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    www.exitmountainrealty.com/homes/83569250

    42 Captains Point Cullowhee, NC 28723

    • Price: $710,000
    • Status: Active
    • Updated: 29 min ago
    • ID#: 3391802
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.62
    Acres
    4,032
    SQFT
    $176
    $/SQFT
    1998
    Built
    Neighborhood:
    Cullowhee
    County:
    Jackson
    Area:
    Cullowhee
    Property Description
    This is a great opportunity to invest in a great apartment complex that has a history off 100% occupancy and only minutes to Cullowhee and WCU. The Cap rate on this property is in excess of 8% and has a favorable NPV and expected strong cash on cash return especially with the offered owner financing. There are 8 individual 2 story apartments with two master bedrooms each with its own full bath on the second floor of each unit, additionally on the main floor there is a half bath, large living room and eat in kitchen. Each unit has a rear deck and more than adequate parking for all tenants and guests. There is additional room on the property to build additional units and there is an existing TWSA (sewer and water ) allocation for the property. The units currently rent for 775.00 per month with yearly leases.
    Exterior Features

    Buildings 2 Foundation Slab Roof Composition Shingle

    Interior Features

    Cooling CentralOther Heating CentralOther Max Sq Ft Avail 2016 Min Sq Ft Avail 2016 Miscellaneous Other

    Property Features

    Agent Owner No Commercial Type Other Cross Street 481 University Heights In City No New Construction No Restrictions Use Restrictions Description Multi Family Sale Lease Includes Building Secondary Type None Special Conditions None Utilities County SewerCounty WaterElectricityOther Zoning None



    The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Exit Mountain Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2018 Carolina Multiple Listing Services, Inc. Data last updated 2018-11-19T14:59:18.487.

    Digital Millennium Copyright Act
     
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    1301 Asheville Highway, Suite A
    Brevard NC, 28712
    Offered by Western Carolina Properties, Inc.. Copyright 2018 Carolina Multiple Listing Services. All rights reserved.
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