Home / Real Estate / 117-135 Ridgeview Drive

$1,995,000

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117-135 Ridgeview Drive

Elizabethton, TN 37643 · Carter County

0 Baths 2,304 Sq Ft 4.71 Acres Built 2020 152 Days on Market

No HOA

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.

Property Details

MLS # 9986985

Property Type Residential

Bathrooms 0

Square Feet 2,304

Acres 4.71

Year Built 2020

Lot Size (Sq Ft) 205,167

Subdivision Not In Subdivision

County Carter

Features

Interior Features

AC: Central Air

Heating: Central

Appliances: Microwave, Built-In Electric Oven

Window Features: Insulated Windows

Laundry Features: Electric Dryer Hookup, Washer Hookup

Exterior Features

Roof: Metal

Parking Features: Parking Pad, Gravel

Porch/Patio/Deck: Deck

Property Features

View: Mountain(s)

Sewer: Septic Tank

Water: Public

Utilities: Electricity Connected, Water Connected

Structure Type: Cabin

Financial

List Price $1,995,000

Original List Price $2,100,000

Price / Sq Ft $865.89

Price / Acre $423,567

HOA None

Directions

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