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44 & 54 Legacy Ln 6 Unit Apartment Building $2,349,000 ($391,500/Unit) Cullowhee, NC 28723
Executive Summary
Own a prime multifamily property in the heart of Western Carolina University’s vibrant campus in Cullowhee, NC. This student apartment complex is ideally located to meet the rising demand for premium, walkable housing. With limited campus parking, its central location ensures 100% occupancy and strong rental income, offering immediate cash flow and excellent returns for investors. The property also boasts significant long-term development potential. Its unique campus position is perfect for innovative commercial or enhanced residential projects, potentially becoming a cornerstone of WCU’s growth.
Property Facts
| Price | $2,349,000 | Building Class | C |
| Price Per Unit | $391,500 | Lot Size | 0.70 AC |
| Sale Type | Investment | Building Size | 10,649 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | Comm - Commercial | ||
| Price | $2,349,000 |
| Price Per Unit | $391,500 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.70 AC |
| Building Size | 10,649 SF |
| No. Stories | 2 |
| Year Built | 1971 |
| Opportunity Zone |
Yes |
| Zoning | Comm - Commercial |
Amenities
Unit Amenities
- Dishwasher
- Washer/Dryer
- Washer/Dryer Hookup
- Refrigerator
- Oven
Site Amenities
- Walk To Campus
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $887,795 | |
| Land Assessment | $279,900 | Total Assessment | $1,167,695 |
Property Taxes
Parcel Numbers
Land Assessment
$279,900
Improvements Assessment
$887,795
Total Assessment
$1,167,695
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Contact the Sale Advisor
44 & 54 Legacy Ln