29 Winterberry Drive
29 Winterberry Drive
Cullowhee, NC 28723
$695,000
- Bedrooms:
- Bathrooms:
- Lot Size: 1.13 Acres
Description
Turnkey 8-unit multifamily property in Cullowhee, NC — located just minutes from WCU. 29 Winterberry offers a mix of units sizes with strong rental demand and professional management in place. Current gross rents exceed $6,300/month with upside to over $7,500/month at market. TTM operating expenses: ~$25K, yielding an NOI of ~$48K and a 6.9% cap rate at list. Private setting with ample parking on over an acre. Ideal for investors seeking cash flow in a stable, growing rental market. Upside in rents and value. Shown by appointment only — do not disturb tenants.
Property Summary
| Property Type: | Residential Income | Property Subtype : | Eightplex |
| Year Built : | 1971 | Construction Type : | Site Built |
| Lot Size : | 1.13 Acres | Living Area : | 5,918 sqft |
Appliances
- Electric Oven
- Refrigerator
More Information
- Construction : Brick Partial, Vinyl
- Parking : Assigned
- Heating : Baseboard
- Cooling : Ceiling Fan(s), Window Unit(s)
- Water Source : Well
- Road : Publicly Maintained Road
- Listing Terms : Cash, Conventional
Based on information submitted to the MLS GRID as of 07-01-2025 02:30:05 UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.