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8703 Off Highway 19e, Roan Mountain, TN 37687

Local realty services provided by:CENTURY 21 Legacy
8703 Off Highway 19e,Roan Mountain, TN 37687
$1,700,000
  • - Beds
  • - Baths
  • 8,640 sq. ft.
  • Multi-family
  • Active
Listed by: ryan & sarah mckinney
Office: kw johnson city
MLS#:9989263
Source:TNVA_MLS

Price summary

  • Price:$1,700,000
  • Price per sq. ft.:$196.76

About this home

Turnkey rental portfolio in Roan Mountain featuring 5 buildings making up 12 units across Hwy 19E and the Eddie Lane cluster, delivering 100% occupancy and consistent cash flow. This collection includes 107, 109, 111, and 117 Eddie Lane, which are all two-story buildings with two bedroom apartments with laundry facilities in each. About 800+ sq ft each. Tenants pay utilities. Income average is $1,030.00 = $8,240 per month. The 5th building is 8703 Hwy 19E, which is the single story building with 4 three-bedroom apartments also with their own laundry facilities. Tenants pay utilities. Average income $1,285.00 = $4,980 per month. Total Income for the property is $158,640 per year. Expenses include Taxes ($6000), Insurance ($6500), Garbage ($2200), CapEx upgrades ($5000) Total. $19,000 Net profit $139,640. Currently owner manages property. So add Property Management Fees of 8% ($12,000) to Expenses for NOI of $128,000, which equates to a 7.5% cap rate. The portfolio offers steady

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Home facts

  • Year built:1996
  • Listing ID #:9989263
  • Added:1 day(s) ago
  • Updated:December 15, 2025 at 05:55 AM

Rooms and interior

  • Living area:8,640 sq. ft.

Heating and cooling

  • Cooling:Central Air, Heat Pump
  • Heating:Central, Electric, Heat Pump

Structure and exterior

  • Year built:1996
  • Building area:8,640 sq. ft.
  • Lot area:3.47 Acres

Schools

  • High school:Cloudland
  • Middle school:Cloudland
  • Elementary school:Cloudland

Utilities

  • Water:Public
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$1,700,000
  • Price per sq. ft.:$196.76

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