Description

Rare Four-Unit Investment Opportunity in Highly Desirable Waynesville!6.55% Current CAP • Approx. 8.80% Pro Forma CAP • Fully Occupied • New Roof (2026) • Tenants Pay All UtilitiesRare opportunity to acquire a fully occupied four-unit apartment building in the highly desirable Waynesville rental market. Offering an approximate 6.55% current capitalization rate at the asking price, this property also presents exceptional upside through below-market rents. Current gross annual income is $47,640, while estimated market rents of approximately $1,250 per unit have the potential to increase annual gross income to approximately...read more