Investment Highlights

  • Property has full coverage of a 20-year Option 2 contract effective through March 31, 2038, with five-year comparability adjustments to take effect in 2023 and 2028
  • Current ownership has invested over $150,000 in capital improvements over the last 36 months
  • Property is offered free and clear, allowing incoming buyer to obtain new financing
  • A mix of two-, three-, and four-bedroom units featuring a patio, additional storage space, self-cleaning oven, and air conditioning
  • Community amenities include a clubhouse, on-site laundry facility, courtyard, playground, basketball court, and leasing office
  • Recent capital expenditures include installation of GCI protected outlets in kitchens and bathrooms, handicap accessibility improvements, new asphalt parking lot and entry drive, concrete curb repair, new concrete basketball courts, retaining walls, security cameras, and appliance and HVAC replacements
  • An hour drive away from Asheville Regional Airport which is served by four airlines: Allegiant, American, Delta, and United
  • Only 35 minutes away from Cashiers and 45 minutes away from Asheville and Highlands
  • Just a 30-minute drive to the Great Smoky Mountains, the most-visited national park in the U.S., where residents can hike, camp, fish, and observe animals from white-tailed deers to black bears
  • Within a 20-minute walk or five-minute drive from the public schools zoned for the property
  • A Jackson County Transit bus stop is located right at the edge of the property, offering residents pre-scheduled rides for medical appointments, shopping, out of county trips, and more

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