42 Captains PointCullowhee, NC 28723Price: $710,000

  • Price: $710,000
$/month over payments
Federal 30-year interest rate: 4.6% last updated on Sep 13, 2018
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 3391802MLS Number
  • 24Bathrooms
  • 4032Square Feet
  • 2.62Acreage
  • 1998Year Built

Listing Tools

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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Listed by Robert Starrs of Western Carolina Properties, Inc.
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