Listing Courtesy of: Lauren Clemson - Property Executives Johnson City
423-952-0226
$2,050,000
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117-135 Ridgeview Drive Elizabethton, TN 37643
Other
Residence
Beds
Baths
...
Bed/Bath
2,304
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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. T...hese 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.
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MLS#
9986985
Property Type
Other
Year Built
2020
Square Feet
2,304
sq. ft
Lot Size
4.71
Sewer
Holding Tank
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