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Fall Creek Cabins 1105 Fall Creek Rd 18 Unit Apartment Building $1 ($0/Unit) Purlear, NC 28665
Investment Highlights
- CALL FOR OFFERS SALE
- 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.
Video Offering Memorandum - 1105 Fall Creek -Below
Email kurt@prodigyprop.com with questions or to request 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.
Video Offering Memorandum - 1105 Fall Creek -Below
Email kurt@prodigyprop.com with questions or to request 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 | $1.00 | Building Class | C |
| Price Per Unit | $0 | 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 | $1.00 |
| Price Per Unit | $0 |
| 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 | - | - |
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Fall Creek Cabins | 1105 Fall Creek Rd
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