29 Winterberry Drive, Cullowhee, NC 28723
Local realty services provided by:Better Homes and Gardens Real Estate Heritage



Listed by:tyler mellor
Office:exp realty llc.
MLS#:4275594
Source:CH
29 Winterberry Drive,Cullowhee, NC 28723
$695,000
- - Beds
- - Baths
- 5,918 sq. ft.
- Multi-family
- Active
Price summary
- Price:$695,000
- Price per sq. ft.:$117.44
About this home
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.
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Home facts
- Year built:1971
- Listing Id #:4275594
- Updated:July 18, 2025 at 01:25 PM
Rooms and interior
- Living area:5,918 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Year built:1971
- Building area:5,918 sq. ft.
- Lot area:1.13 Acres
Schools
- High school:Unspecified
- Elementary school:Unspecified
Utilities
- Water:Well
- Sewer:Septic (At Site)
Finances and disclosures
- Price:$695,000
- Price per sq. ft.:$117.44
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