Property Description

Listing Status

• More Listing Info

  AC:Central Air	true
  Appliances:Built-In Electric Oven	true
  Appliances:Microwave	true
  Contract Info:Foreclosure	No
  Easements:None12	true
  Exterior Finish:Wood Siding	true
  General Property Description:# Buildings	10
  General Property Description:Acres	4.71
  General Property Description:Elementary School3	Hunter
  General Property Description:High School3	Unaka
  General Property Description:HOA YN	No
  General Property Description:Lot Dimensions	see acres
  General Property Description:Middle School2	Hunter
  General Property Description:Senior Community YN3	No
  General Property Description:Total Units	10
  General Property Description:Zoning2	Commercial
  Heating:Central	true
  Income and Expenses:Gross Annual Income	112200
  Income and Expenses:Vacancy Rate %	30.0
  Laundry Features:Electric Dryer Hookup	true
  Laundry Features:Washer Hookup	true
  Location Tax Legal Info:City Taxes	0.0
  Location Tax Legal Info:County Taxes	3637.11
  Location Tax Legal Info:Deed Book #	509
  Location Tax Legal Info:Deed Page #	590
  Parking Features:Gravel	true
  Parking Features:Parking Pad	true
  PorchPatioDeck:Deck	true
  Property Condition:Above Average	true
  Remarks Misc:Directions3	From Broad Street in Elizabethton, Turn Left onto US-19E N. In .2 miles, turn Right onto SR-91 N. Turn Left onto Airport Rd and stay left onto Judge Ben Allen Rd. Go 1 mile to Ridgeview Dr. Turn left as you continue up the hill. Turn left to the cabins. Use 301 Judge Ben Allen for GPS
  Remarks Misc:Public Remarks7	The only thing better than this investment opportunity is the mountainous backdrop. These TEN beautiful cabins are already producing well with room for growth. The first five cabins are 576 square feet on one level with one bathroom, one bedroom, and large decks overlooking the gorgeous mountains. These five are on the same 2.96 acre parcel with possibility for future building sites. These also share a water meter, electrical meter, and septic tank. All five are leased with month-to-month lease terms. The second five cabins are on individual parcels with individual septic tanks, electrical meters, and water meters. These are 1600 square feet, two levels, and offering two bedrooms and two and a half bathrooms. Two of these are currently leased (also month-to-month) and the other three homes are still incomplete. Current monthly gross amount is $9350 and that is without the income of the three incomplete cabins. Renting easily as long term rentals, these would also be highly successful as short term rentals as well. These beautifully built homes with the gorgeous views are the perfect addition to any investor's portfolio. Located in Elizabethton in close proximity to Watauga Lake, various popular hiking trails, the Watauga River, Roan Mountain, and even a short drive to NC skiing, this is a beautiful destination both long term and short term tenants.
  Roof:Metal3	true
  Sewer:Septic Tank	true
  Structure Type:Cabin4	true
  Style:Cabin3	true
  TopographyLot Description:Sloped	true
  Unit 1:# Bathrooms5	1.0
  Unit 1:# Bedrooms3	1
  Unit 1:# Units	1
  Unit 1:Monthly Rent	950
  Unit 1:SqFt6	576
  Unit 2:# Bathrooms4	1.0
  Unit 2:# Bedrooms4	1
  Unit 2:Monthly Rent2	1100
  Unit 2:SqFt5	576
  Unit 3:# Bathrooms3	1.0
  Unit 3:# Bedrooms5	1
  Unit 3:Monthly Rent3	1100
  Unit 3:SqFt2	576
  Unit 4:# Bathrooms2	1.0
  Unit 4:# Bedrooms6	1
  Unit 4:Monthly Rent4	1100
  Unit 4:SqFt	576
  Utilities:Electricity Connected	true
  Utilities:Water Connected	true
  View:Mountain(s)	true
  Walls:Drywall	true
  Water:Public	true
  Window Features:Insulated Windows	true
  Videos:	(none)
  Virtual Tours:	(none)

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