$695,000

29 Winterberry Dr Cullowhee, NC 28723

Estimated payment $4,482/month

Total Views 967
-- Bed
-- Bath
5,918 Sq Ft
$117 Price per Sq Ft

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.

Listing Agent

Tyler Mellor

EXP Realty LLC Brokerage Email: tyler@pisgahpropertygroup.com License #307396 Listed on: 06/30/2025

EXP Realty LLC

Co-Listing Agent

Carson Anderson

EXP Realty LLC Brokerage Email: tyler@pisgahpropertygroup.com License #334477

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Parking

  • Assigned Parking

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 5,918 Sq Ft Home
  • Ceiling Fan
  • Crawl Space
  • Electric Oven
  • Washer and Electric Dryer Hookup

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Septic Tank

Listing and Financial Details

  • The owner pays for exterior maintenance, management, sewer
  • Assessor Parcel Number 7558-68-9949

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Eightplex
  • Year Built: 1971
  • Road Surface Type: Gravel, Paved
  • Geocode Confidence: High
  • Attribution Contact: tyler@pisgahpropertygroup.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Appliances: Electric Oven, Refrigerator
  • Owner Pays: Exterior Maintenance, Management, Sewer
  • Above Grade Finished Sq Ft: 5918
  • Has Basement: Other
  • Basement YN: No
  • Living Area: 5918

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Brick Partial, Vinyl

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Assigned

Utilities

  • Heating: Baseboard
  • Sewer: Septic Installed
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Ceiling Fan(s), Window Unit(s)
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Size Area: 1.13
  • Lot Size Units: Acres
  • Parcel Number: 7558-68-9949
  • Additional Parcels: No
  • Zoning Specification: OU

Green Features

  • Green Verification Count: 0

Rental Info

  • Tenant Pays: All Utilities
  • Pets Allowed: Size Limit

Multi Family

  • Number Of Units Total: 8

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 For Sale $695,000 -- $117 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4275594

Canopy MLS (Canopy Realtor® Association)