9 Acres, 3 Parcels, 2 Houses, 3 Short Term Rentals. Family Compound, profitable investment or build your dream home on the 3+ acre lot with views & live in any of the 3 rentals. 1002 Garren has 1/1 and 2/2 apts. with super sound proofing & separate garages. 1004 Garren has 1/1 650 SF cottage. Completely updated with all oak wood trim, inside & out from the property. Slow meandering creek & prolific grape vines along with mature fruit bearing peach trees in a flat level yard offer endless possibilities for play and gardening. All 3 units have fenced and gated decks. Cottage has fire pit patio. Gently sloping drive and generous parking/turn around area for both homes. Cottage currently occupied but tenants are moving by Mid Oct. These have been very profitable rentals. Set up as weekend rental, currently mid term, fully furnished, monthly rentals. Currently there are no rental restrictions. Less than 30 mins to Blk Mtn or DT AVL come check out this bucolic mountain paradise.
Immerse yourself in a unique investment opportunity with this immaculately maintained 4-unit townhouse condominium complex. Perfectly situated in the picturesque community of Fairview, NC, this property promises not only a solid return on investment with a 7% cap rate at current rents and up to 9.3% at market rents but also significant room for expansion and development. Each unit has living room, kitchen, half bath, 1-car garage and laundry room on main level; 2 bedrooms 1 full bath upstairs. Unit 2 has been recently renovated with new kitchen appliances, cabinets and countertops. Each unit is designed for comfort with individual heat pumps for heating & AC, underground utilities, and maintenance-free living, from gutters to exterior paint. New well pump and water filtration system. Huge level 2.65 acre lot with Cabernet Sauvignon grape vineyard on site! Potential for development such as organic farm, vineyard expansion, mini storage, pavilion, barn, horses or livestock.
Fairview is located in North Carolina. Fairview, North Carolina has a population of 2,939. Fairview is more family-centric than the surrounding county with 31.95% of the households containing married families with children. The county average for households married with children is 27.86%.
The median household income in Fairview, North Carolina is $64,954. The median household income for the surrounding county is $48,464 compared to the national median of $57,652. The median age of people living in Fairview is 34 years.
The average high temperature in July is 75.4 degrees, with an average low temperature in January of 23.6 degrees. The average rainfall is approximately 48.5 inches per year, with 29 inches of snow per year.