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8703 Highway 19e, Roan Mountain, TN 37687

Roan Mountain
Local realty services provided by:CENTURY 21 Legacy
8703 Highway 19e,Roan Mountain, TN 37687
$1,490,000
  • - 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:$1,490,000
  • Price per sq. ft.:$172.45

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:111 day(s) ago
  • Updated:April 05, 2026 at 02:58 PM

Rooms and interior

  • Flooring:Carpet, Luxury Vinyl
  • Kitchen Description:Dishwasher, Electric Range, Microwave, Refrigerator
  • Living area:8,640 sq. ft.

Heating and cooling

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

Structure and exterior

  • Year built:1996
  • Building area:8,640 sq. ft.
  • Lot area:3.47 Acres
  • Architectural Style:Traditional
  • Construction Materials:Vinyl Siding

Schools

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

Utilities

  • Water:Public
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$1,490,000
  • Price per sq. ft.:$172.45

Features and amenities

  • Appliances:Dishwasher, Electric Range, Microwave, Refrigerator
  • Laundry features:Electric Dryer Hookup, Washer Hookup

Parking

  • Parking description:Asphalt Driveway

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