68 Vacation Dr - Apartments FOR SALE


Whittier, NC 28789
$1,400,000 USD
704-831-4633
68 Vacation Dr, Whittier, NC for Sale
$1,400,000 USD
Apartments - FOR SALE
1/8
null | 6.67% Cap Rate

68 Vacation Dr
Whittier, NC 28789


HIGHLIGHTS

  • Conversion Opportunity to Short-Term Rentals
  • Diverse Unit Mix: Features one-, two-, and five-bedroom cabins, appealing to a wide range of guest groups.
  • Prime Outdoor Recreation Location: Located near the Great Smoky Mountains, Fontana Lake, and Appalachian Trail, attracting year-round visitors.
  • Proximity to Asheville: Offers guests easy access to cultural amenities while maintaining a secluded, scenic retreat.
  • Revenue Growth Potential: Conversion to short-term rentals could generate premium nightly rates and maximize cash flow.
  • Limited Local Competition: Few comparable cabin properties in the area allow for differentiation and strong occupancy potential.

OVERVIEW

Marcus & Millichap is pleased to present Sunset Farm Cabins, a 7-unit property in Western North Carolina with strong potential as a short-term rental investment. The property currently operates as long-term rentals and includes 2 one-bedroom/one-bath, 4 two-bedroom/one-bath, and 1 five-bedroom/three-bath cabin, offering a versatile mix of accommodations for families, couples, and larger groups. Nestled in the scenic foothills of the Great Smoky Mountains, Sunset Farm Cabins provides investors an opportunity to capitalize on the growing short-term rental market in Whittier and the surrounding region. While currently leased as long-term rentals, the property is ideally positioned for conversion to short-term vacation rentals. Investors can leverage the area’s year-round tourism, limited high-quality cabin supply, and proximity to major attractions to generate strong revenue potential. With diverse unit types and flexible management options, Sunset Farm Cabins represents a compelling opportunity for investors seeking both immediate income and long-term upside in the vacation rental market.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$714 USD /SF

# OF UNITS

7

PRICE/UNIT

$200,000

CAP RATE

6.67%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunset Farms Cabins

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4 AC

LAND SF

174,240 SF

ZONING

Commercial

APN/PARCEL ID

7613-40-5339

ASK ABOUT THIS PROPERTY

Isaiah ShatzMarcus & MillichapMore Info
704-831-4633

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Isaiah ShatzMarcus & MillichapMore Info
704-831-4633

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.