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Fall Creek Cabins 1105 Fall Creek Rd 18 Unit Apartment Building $1,950,000 ($108,333/Unit) Purlear, NC 28665
INVESTMENT HIGHLIGHTS
- ONLINE AUCTION ONLY
- SOLD BY COURT APPOINTED RECEIVER
EXECUTIVE SUMMARY
1105 Fall Creek Rd | Purlear, NC 28665. Situated on 77.77 acres across two parcels, this unique investment opportunity features a mix of completed and in-progress rental accommodations in a scenic mountain setting.
The property includes 8 rental cabins built between 1992 and 2002, each offering 2 bedrooms, 2 bathrooms, a loft area, and inviting outdoor spaces—many with covered porches, rocking chairs, swings, and hot tubs.
In addition, there are 10 newly constructed glamping pods (2023), built on wooden decks with PVC dome covers, glass doors, and insulation. Each pod is designed with a kitchenette, combined living/bedroom area, and full bathroom. Final completion work, including furnishing and finishing details, will be required prior to rental use.
Property infrastructure includes T&J Panel Sewer Systems, four wells (three interconnected by a 2” waterline, depths ranging from ±125' to 500'), and on-site amenities such as fishing in Fall Creek, Green Branch Waterfalls, hiking trails, firepits, and picnic areas.
This property provides a rare opportunity to acquire a mountain retreat with both established income-producing cabins and value-add potential through the completion and lease-up of the glamping units or proposed tree houses. Being sold AS IS by Court Appointed Receiver, Prodigy Properties.
Bidder Registration
All prospective bidders must be pre-approved to bid.
Prospective bidders wishing to be approved must submit the following items no later than December 17, 2025:
Submit evidence of financial capability
Submit $10,000 participation deposit. (email kurt@prodigyprop.com for wire instructions)
Submit bidder executed Purchase and Sale Agreement ?View Below
Auction Date / Times
Auction Starts: Live Now
Auction Ends: December 18, 2025 @ 3pm ET
Sale Terms
A 10% (ten percent) buyer's premium will be added to the highest acceptable bid to determine the final purchase price
As-Is, Where-Is
Sold free and clear of all liens
Taxes are prorated of the day of closing
Receiver will convey insurable title
Financing contingencies are not permitted
Due diligence contingencies are not permitted
Winning bidder must increase the total deposit to $100,000 by 12 noon ET, December 19, 2025.
Tour Dates
Email kurt@prodigyprop.com to receive documents required to be approved to participate in the sale, with questions, or to schedule a tour.
Receiver may, in its sole discretion, accept or reject any offer or bid, for any reason, at any time, without notice.
The property includes 8 rental cabins built between 1992 and 2002, each offering 2 bedrooms, 2 bathrooms, a loft area, and inviting outdoor spaces—many with covered porches, rocking chairs, swings, and hot tubs.
In addition, there are 10 newly constructed glamping pods (2023), built on wooden decks with PVC dome covers, glass doors, and insulation. Each pod is designed with a kitchenette, combined living/bedroom area, and full bathroom. Final completion work, including furnishing and finishing details, will be required prior to rental use.
Property infrastructure includes T&J Panel Sewer Systems, four wells (three interconnected by a 2” waterline, depths ranging from ±125' to 500'), and on-site amenities such as fishing in Fall Creek, Green Branch Waterfalls, hiking trails, firepits, and picnic areas.
This property provides a rare opportunity to acquire a mountain retreat with both established income-producing cabins and value-add potential through the completion and lease-up of the glamping units or proposed tree houses. Being sold AS IS by Court Appointed Receiver, Prodigy Properties.
Bidder Registration
All prospective bidders must be pre-approved to bid.
Prospective bidders wishing to be approved must submit the following items no later than December 17, 2025:
Submit evidence of financial capability
Submit $10,000 participation deposit. (email kurt@prodigyprop.com for wire instructions)
Submit bidder executed Purchase and Sale Agreement ?View Below
Auction Date / Times
Auction Starts: Live Now
Auction Ends: December 18, 2025 @ 3pm ET
Sale Terms
A 10% (ten percent) buyer's premium will be added to the highest acceptable bid to determine the final purchase price
As-Is, Where-Is
Sold free and clear of all liens
Taxes are prorated of the day of closing
Receiver will convey insurable title
Financing contingencies are not permitted
Due diligence contingencies are not permitted
Winning bidder must increase the total deposit to $100,000 by 12 noon ET, December 19, 2025.
Tour Dates
Email kurt@prodigyprop.com to receive documents required to be approved to participate in the sale, with questions, or to schedule a tour.
Receiver may, in its sole discretion, accept or reject any offer or bid, for any reason, at any time, without notice.
PROPERTY FACTS
| Price | $1,950,000 | Building Class | C |
| Price Per Unit | $108,333 | Lot Size | 77.77 AC |
| Sale Type | Investment | Building Size | 12,794 SF |
| No. Units | 18 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2002 |
| Apartment Style | Single-Family Home |
| Price | $1,950,000 |
| Price Per Unit | $108,333 |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 77.77 AC |
| Building Size | 12,794 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 2002 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 8 | - | - |
| 1+1 | 10 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 0800615 | Improvements Assessment | $0 |
| Land Assessment | $214,350 | Total Assessment | $214,350 |
PROPERTY TAXES
Parcel Number
0800615
Land Assessment
$214,350
Improvements Assessment
$0
Total Assessment
$214,350
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Fall Creek Cabins | 1105 Fall Creek Rd
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