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 2 years ago. The drive and all parking were recently resurfaced. Upgrades have been constantly made to keep the units fresh. Rents are below market rates. Water; sewer; and garbage pick-up are included in rent. Renter's only pay for electricity and have the choice of purchasing cable and phone services.
- 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
- ±2.99 acres provides for possible expansion
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. SVN / Blackstream recommends a commercial appraisal prior to listing. This is not a commercial appraisal
- Price: $920,000
- Square Feet: 10,032
- Acres: 2.990
- County: Jackson County
- Zoning: RO1
- Price per SqFt: $92
- Price per Acre: $92
- Listed By: Sperry Van Ness - Blackstream Commercial; LLC