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42 Captains PT Cullowhee, NC 28723
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Key Details
Sold Price $1,148,000
Property Type Multi-Family
Sub Type Eightplex
Listing Status Sold
Purchase Type For Sale
Square Footage 8,320 sqft
Price per Sqft $137
MLS Listing ID 3930988
Sold Date 02/20/23
Bedrooms 16
Full Baths 16
Half Baths 8
Year Built 1998
Lot Size 2.620 Acres
Acres 2.62
Property Description
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.
Location
State NC
County Jackson
Zoning None
Interior
Interior Features Cable Prewire
Heating Heat Pump
Cooling Ceiling Fan(s), Heat Pump
Flooring Carpet, Vinyl
Fireplace false
Appliance Dishwasher, Electric Water Heater, Refrigerator
Exterior
Exterior Feature Storage
Waterfront Description None
View Mountain(s), Year Round
Roof Type Metal
Parking Type Driveway
Building
Lot Description Level, Creek/Stream
Foundation Crawl Space
Sewer Shared Septic, Other - See Remarks
Water Shared Well, Other - See Remarks
Structure Type Vinyl
New Construction false
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Senior Community false
Special Listing Condition None
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Bought with Matt Bailey • SECU*RE Inc.