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$2,100,000

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2,304 SqFt

Active

117-135 Ridgeview DR Elizabethton, TN 37643

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Ed Dembowczyk

eddembowczyk@epique.me +1(423) 426-4939

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,304 sqft

Price per Sqft $911

Subdivision Not In Subdivision

MLS Listing ID 9986985

Style Cabin

HOA Y/N No

Year Built 2020

Lot Size 4.710 Acres

Acres 4.71

Lot Dimensions see acres

Property Sub-Type Multi Family

Source Tennessee/Virginia Regional MLS

Property Description

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.

Location

State TN

County Carter

Community Not In Subdivision

Area 4.71

Zoning Commercial

Direction From Broad Street in Elizabethton, Turn Left onto US-19E N. In .2 miles, turn Right onto SR-91 N. Turn Left onto Airport Rd and stay left onto Judge Ben Allen Rd. Go 1 mile to Ridgeview Dr. Turn left as you continue up the hill. Turn left to the cabins. Use 301 Judge Ben Allen for GPS

Interior

Heating Central

Cooling Central Air

Window Features Insulated Windows

Appliance Built-In Electric Oven, Microwave

Heat Source Central

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Parking Features Gravel, Parking Pad

Utilities Available Electricity Connected, Water Connected

View Mountain(s)

Roof Type Metal

Topography Sloped

Porch Deck

Building

Sewer Septic Tank

Water Public

Architectural Style Cabin

Structure Type Wood Siding

New Construction No

Schools

Elementary Schools Hunter

Middle Schools Hunter

High Schools Unaka

Others

Senior Community No

Tax ID 028 007.06

Listed by Lauren Clemson • Property Executives Johnson City

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Ed Dembowczyk

Agent | License ID: 351915

+1(423) 426-4939

117-135 Ridgeview DR Elizabethton, TN 37643

Ed Dembowczyk

Key Details

Location

Interior

Exterior

Building

Schools

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117-135 Ridgeview DR