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290 Hookers Gap Rd
Candler, NC 28715
Multi-Family in Candler/ 8 units · Multifamily Property For Sale
Investment Highlights
- Quiet natural setting with mountain views
- Consistent cashflow year over year
- Long-term tenants and property management in place
Executive Summary
This is a turnkey rental portfolio, perfect for investors and landlords that desire a self contained property in the WNC mountains. There are 8 separate individual residences. Property is offered fully occupied. Long term tenants tenants with active lease in place. Two site-built homes anchor the property. A 4 bedroom main home and a 2 bedroom cottage. This rental portfolio also features 6 separate manufactured homes of varying ages. This property has a long operating history, complete with property management in place, with Rentahome Asheville. Buyers can expect cash flow on day one, continuing to generate over $120k in yearly in rental income. Tenants are all on updated leases, some are month-to-month. All of these numbers and rental info is available upon request. The units have been maintained and updated over the years. An improvements list is available upon request. The property consists of 3 separate parcels, amounting to 4.5 acres. Utilities in place with 2 shared wells, 4 shared septics, and trash service in place for tenants. Quiet, private, gorgeous views, and the tenants all keep to themselves and share the space collectively. If you're seeking a well-oiled machine, actively generating income, come take a look at this special property. Property was appraised within the last 60 days.
Property Facts
| Price / SF | $895.66 CAD / SF | Number of Properties | 3 |
| Cap Rate | 7.09% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 2,124 SF |
| Status | Active | Total Land Area | 1.41 AC |
| Price / SF | $895.66 CAD / SF |
| Cap Rate | 7.09% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 2,124 SF |
| Total Land Area | 1.41 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 290 Hookers Gap Rd, Candler, NC 28715 | Multifamily | 2,124 SF | 1928 | - |
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