Town & Mountain Realty

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5830 NC 209 HighwayHot Springs, NC 28743Price: $1,500,000

  • Price: $1,500,000
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Federal 30-year interest rate: 2.77% last updated on Jan 21, 2021
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  • $1,500,000List Price
  • 11.44Acreage
  • 2168Square Feet

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This established nightly rental business boasts a cap rate of 11.67% cap rate and has 5 adorable log cabins on 11.44 acres. All cabins have 1 bedroom and 1 bath, a fireplace, and a gas grill, Private deck with hot tub allows guests to soak in the mountain views. Nestled in the mountains of Madison County, these meticulously-maintained cabins are located a short drive to Marshall, Mars Hill, Asheville, Weaverville, and Tennessee. Visitors can enjoy solitude and hike trails in nearby Pisgah National Forest and Appalachian Trail. This is a rare turnkey business opportunity with 15 years of documented 90%+ occupancy (2019 was 94% and 2020 was 98%; Jan and Feb 2021 100% booked). Website and all future bookings convey. Survey 2020; new home inspections for each cabin in Dec 2019; septic tanks pumped 2019 (each unit has own septic system). Come to Hot Springs to start living your short-term rental dream today! Copy/paste the following link for bird's eye view: https://youtu.be/c-27s0zbZRc

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Listed by Clarissa Marshall of EXP Realty LLC

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