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Landing at Western 4616 Little Savannah Rd 19 Unit Apartment Building $6,750,000 ($355,263/Unit) 6.49% Cap Rate Cullowhee, NC 28723
Investment Highlights
- High Barrier to Entry Market
- Limited Competition
- Preferred Housing Type
- Strong Student Enrollment Growth
- Student Rent Growth Trajectory
Data Room Click Here to Access
- Operating and Financials
Property Facts
| Price | $6,750,000 | Building Class | A |
| Price Per Unit | $355,263 | Lot Size | 2.63 AC |
| Sale Type | Investment | Building Size | 39,606 SF |
| Cap Rate | 6.49% | Average Occupancy | 100% |
| No. Units | 19 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2018 |
| Property Subtype | Apartment | Parking Ratio | 2.52/1,000 SF |
| Apartment Style | Townhome | Opportunity Zone |
Yes
|
| Price | $6,750,000 |
| Price Per Unit | $355,263 |
| Sale Type | Investment |
| Cap Rate | 6.49% |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | A |
| Lot Size | 2.63 AC |
| Building Size | 39,606 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2018 |
| Parking Ratio | 2.52/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Ceiling Fans
- Granite Countertops
- Stainless Steel Appliances
- Porch
- Window Coverings
Site Amenities
- 24 Hour Access
- Picnic Area
- Tenant Controlled HVAC
- Grill
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3.5 | 2 | $2,175 | 1,716 |
| 4+4.5 | 11 | $2,700 | 1,968 - 1,975 |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $5,578,811 | |
| Land Assessment | $840,740 | Total Assessment | $6,419,551 |
Property Taxes
Parcel Numbers
Land Assessment
$840,740
Improvements Assessment
$5,578,811
Total Assessment
$6,419,551
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Landing at Western | 4616 Little Savannah Rd
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