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42 Captains Point

Cullowhee, NC 28723
  • $1,172,571
  • STATUS: Active Under Contract
  • ON SITE: 36 Days
  • MLS #: 26029307
Under Contract
UPDATED: 41 min ago
$1,172,571
  • 0
    BEDS
  • 2.62
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1998
County:
Area:

School Ratings & Info

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.

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© 2023 Franklin Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Old Town Brokers. Data last updated: 2023-01-29T13:31:24.457.
www.oldtownbrokers.com/homes/135588935
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42 Captains Point Cullowhee, NC 28723

  • Price: $1,172,571
  • Status: Active Under Contract
  • On Site: 36 Days
  • Updated: 41 min ago
  • MLS #: 26029307
0
Beds
0
Baths
0
½ Baths
2.62
Acres
1998
Built
Neighborhood:
Captains Point
County:
Jackson
Area:
Cullowhee
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.
Exterior Features

Access Paved Road Acreage Range 2-2.99 Construction Frame Parking Off StreetParking Lot Roof Metal Utilities WellSepticOther

Interior Features

Apx Sq Ft Other-See Remarks Cooling Central Electric Floors CarpetVinyl Heating Electric Heat Pump Restrooms 24

Property Features

Building Size 4160 Building2 4160 Building3 0 Building4 0 City Tax 0.00 County Tax 2748.00 Easements Restrictions Yes Financing CashConventional Lease Terms Year To Year Location County Miscellaneous Outside Storage Parcel ID 7558-04-8581 Possession Subject To Tenant Rights Township Cullowhee (Jackson Co.) TV / Internet Cable InternetSatellite Tv Type Multi-Family Zoning N/A

Listing information © 2023 Franklin Board of Realtors MLS
Listing provided courtesy of Aaron Kraft (Mls Only) of Weichert Realtors Unlimited (Mls Only): 8286871083.



© 2023 Franklin Board of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Old Town Brokers. Data last updated: 2023-01-29T13:31:24.457.
 
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