99 N. Country Club Drive, Cullowhee, NC
Multi-family for Sale - $875,000 - 10,032 Sq. Ft. on 2.99 acres
Property Info
CIMLS# | 924626 |
Location 99 N. Country Club Drive Cullowhee NC 28723 | |
Updated | June 27th, 2017 |
Type | Multi-family |
Price | $875,000 |
Building | 10,032 Sq. Ft. |
Land | 2.99 acres |
Property Description
SVN / Blackstream, LLC as exclusive Sales Broker to the Seller, is pleased to present the opportunity to buy this desirable, 100% occupancy 12-unit apartment complex in Cullowhee, NC.
This 12-unit complex within walking distance of Western Carolina University is consistently rented out. The property is located just six miles from Sylva. The roofs of all four units were replaced two years ago. The drive and all parking were recently resurfaced. Upgrades have regularly been made to keep the units fresh. Rents are below market rates. Water, sewer, and garbage pick-up are included in rent. Renter only pays for electricity and have the choice of purchasing cable and phone services.
*The information contained herein was obtained from sources deemed to be reliable. However, SVN / Blackstream, LLC makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. This is not a commercial appraisal
Location Description:
Located in the heart of Cullowhee, North Carolina, with a population of approximately 9,500 people. The subject property is within walking distance to Western Carolina University with an enrollment of over 9,000 students. The ideal location of this property contributes to an excellent rental history.
The subject property is approximately six miles from Sylva and 40 minutes from Asheville.
*The information contained herein was obtained from sources deemed to be reliable. However, SVN/Blackstream, LLC. makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. This is not a commercial appraisal, SVN/Blackstream, LLC. will not be held liable for any disputes arising from the final listing price.
Highlights:
>> Current rental rates are below market
>> Additional income opportunity from laundry
>> Within walking distance of WCU
>> Very low vacancy rate
>> Rent includes water, sewer, and garbage pick-up
>> Well-maintained
* Email for additional photos
Financials
Sales Info:
>> Commision split: 3.0%