42 Captains Point Cullowhee, NC 28723

$710,000
42 Captains Point, Cullowhee, NC 28723
3391802

Commercial Property for sale in Cullowhee, NC

for $710,000. This 4,032 square foot building was built in 1998 on a lot size of 2.620 Acre(s).

Property Information

  • $710,000
  • Commercial
  • 4,032 Square Feet
  • Other / Unknown
  • Active
  • 2 Floors
  • Lot size of 2.620 Acre(s)
  • Built in 1998
  • Cullowhee, NC
  • Jackson County
  • MLS/Web ID is 3391802

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.

Interior 3

Cooling System

  • Central Air

Sewer

  • County Sewer

Water Source

  • County Water

Exterior 3

Construction

  • Site Built

Foundation

  • Slab

Roof

  • Composition Shingles

Miscellaneous 3

Commercial

  • Sale Includes Building

Restrictions

  • Other

Utilities

  • Electric

† Excluded Feature

Listed By

Broker: WESTERN CAROLINA PROPERTIES, INC.

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 Weichert of North America, Inc 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. © 2009 Carolina Multiple Listing Services, Inc. Data is updated as of 9/21/2018.

42 Captains Point, Cullowhee, NC, 28723 is a Commercial Property for sale at $710,000 with 4,032 sqft and a lot size of 2.620 Acre(s). 42 Captains Point has 0.0 baths and was built in 1998. The property's zip code is 28723 which is in Cullowhee, NC

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Pricing History

Date Price Price Change Description
8/7/2018 $710,000 -3.51 % Price Change
5/15/2018 $735,800 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Cullowhee $515,757 27 % below $249,900 65 % below
Commerical listings in Cullowhee $755,000 6 % above $755,000 6 % above

Get the facts about Cullowhee, NC!

Population 6,844
Population Growth (since 2000) 83 %
Median Income $37,233
Median Age 23.25
Households w/ Children 16 %

Residential Dwellings

  • Owned 521
  • Vacant 171
  • Rented 1529

Similar Listings

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or Call us at 1-800-839-1363