The only thing better than this investment opportunity is the mountainous backdrop. These five beautiful cabins are already producing well with room for growth. These homes offer 576 square feet on one level with one bathroom, one bedroom, and large decks overlooking the gorgeous mountains. They are situated 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. Renting easily as long term rentals, they 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. ***Also see MLS#9986985 for a listing that adds 5 more cabins for a total of 10 homes.
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.
**Potential Multifamily with all the infrastructure** This beautifully restored home offers the rare combination of historic character and modern upgradesāall in a premium location within walking distance to city schools, parks, and downtown. An ideal home for a large family or those seeking a private in-law suite. New plumbing, electrical, and premium finishes throughout. Roof is less than 2 years old. Windows are less than 1 year old. Fresh paint upstairs and downstairs. New siding and new landscaping. Restored original materials include brick, stone, and hardwoods. On the main level, you will find 3 bedrooms, one bathroom, kitchen and dining with 2-car garage access. Open concept kitchen and dining with stainless steal appliances and an 8-person dining room table that conveys. Hardwoods are original and newly refinished. Main level has its own HVAC that is approximately 5 years old. Fenced in yard with a hot tub that conveys. Two new gas fire places. And a half wrap around porch with private entrance. Separate laundry room and mud room. Upstairs has updated premium finishes and 4 bedrooms and two bathrooms with an eat in kitchen. Roof top deck and a private entrance. Upstairs has separate HVAC system that is approximately 10 years old. Hardwoods are original and newly refinished. Stainless steal appliances and separate laundry room. Property has parking for 4+ cars in addition to the garage.
Elizabethton is located in Tennessee. Elizabethton, Tennessee has a population of 14,112. Elizabethton is more family-centric than the surrounding county with 26.88% of the households containing married families with children. The county average for households married with children is 25.54%.
The median household income in Elizabethton, Tennessee is $39,927. The median household income for the surrounding county is $44,280 compared to the national median of $69,021. The median age of people living in Elizabethton is 39.6 years.
The average high temperature in July is 85.6 degrees, with an average low temperature in January of 25.4 degrees. The average rainfall is approximately 43.8 inches per year, with 10.9 inches of snow per year.