117-135 Ridgeview DR Active Save Request In-Person Tour Request Virtual Tour
Elizabethton,TN 37643
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,304 sqft
Price per Sqft $911
Subdivision Not In Subdivision
MLS Listing ID 9986985
Style Cabin
Year Built 2020
Lot Size 4.710 Acres
Property Sub-Type Multi Family
Property Description
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.
Location
State TN
County Carter
Community Not In Subdivision
Area 4.71
Zoning Commercial
Interior
Heating Central
Cooling Central Air
Laundry Electric Dryer Hookup,Washer Hookup
Exterior
Parking Features Gravel,Parking Pad
Utilities Available Electricity Connected,Water Connected
View Mountain(s)
Roof Type Metal
Building
Sewer Septic Tank
Water Public
Structure Type Wood Siding
New Construction No
Schools
Elementary Schools Hunter
Middle Schools Hunter
High Schools Unaka