Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Multi Family

Sub Type: Multi Family

MLS Number: 9986985

Lot Acreage: 4.71000

Living Area: 0

Year Built:2020

Elementary School: Hunter

Middle School: Hunter

High School: Unaka

Public Remarks: 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.

Listing Courtesy:Property Executives Johnson City

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