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    44 Legacy Ln Cullowhee, NC 28723

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    For Sale
    $2,349,000

    Student apartment complex near Western Carolina University with development potential.

    Property Features for 44 Legacy Ln

    General Information

    Standard status
    Active

    Building Details

    Year built
    1971

    Source: HOWARD HANNA BEVERLY-HANKS WAYNESVILLE Agent BRIAN K. NOLAND

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Property Near Western Carolina

    This multifamily property is located in Cullowhee, North Carolina, in the heart of Western Carolina University's campus. The student apartment complex is positioned to meet the demand for walkable housing. Its central location ensures occupancy and rental income, offering cash flow and returns for investors. The property has long-term development potential and is suited for commercial or residential projects.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Student housing

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cullowhee
    County
    Jackson
    State
    North Carolina
    Longitude
    -83.181001
    Latitude
    35.307782

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    FAQs

    What type of property is this?
    Apartment building - Student apartment complex near Western Carolina University with development potential.
    Where is this apartment building located?
    The property is located at 44 Legacy Ln Cullowhee, NC.
    What is the asking price?
    The asking price for this property is $2,349,000.
    What are key features of this property?
    This property features: - Prime location directly adjacent to Western Carolina University's campus.; - High occupancy rate (100%) due to limited campus parking and demand for walkable housing.; - Strong rental income and immediate cash flow for investors.
    (828) 452-5809
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    44 Legacy Ln Cullowhee, NC 28723
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    Cullowhee, NC 28723
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    44 Legacy Ln Cullowhee, NC 28723
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