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117-135 Ridgeview Drive, Elizabethton, TN 37643

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For Sale

$2,100,000

4 beds • 4 baths • 2,304 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

  • $911.46
    Price per square foot

  • 1-5 Years Old
    Age

Explore this Property

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.
MLS# 9986985

Courtesy Of REALTY EXECUTIVES JOHNSON CITY

(423) 952-0226

Property Features

  • Age
    1-5 Years Old
  • Amenities
    Deck
  • Appliances
    Microwave
  • Architecture Style
    Other
  • Exterior Type
    Wood Siding
  • Lot Size
    4.71 Acres
  • Roof Type
    Metal

Map and Directions

Directions to 117-135 Ridgeview Drive, Elizabethton, TN 37643

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.