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Est. Mortgage: $/month

Federal 30-year interest rate: 7.03% last updated on 2023-12-07

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5830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 532095830 Nc 209 Highway Hot Springs NC 53209
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  • 5Bathrooms
  • 2,040Square Feet
  • 11.44Acreage
  • 2005Year Built
Opportunity to acquire a short-term rental property 45-minutes from Downtown Asheville! This property features a total of 5 1bd/1ba log cabins that offer an ideal investment opportunity in the scenic Hot Springs market. The Asset, built in 2005, boasts an exceptional location within the Hot Springs boasting mountain views, privacy, tranquility. With a total of all 5 of the units being recently renovated, this property presents an outstanding investment opportunity for new owners to capitalize on the area's high rental potential. Tourism plays a significant role in the Hot Springs' economic development. The town's natural beauty and proximity to national parks attracts visitors seeking outdoor recreation. Overall, the area has experienced positive economic development, driven by its natural resources and thriving tourism industry. For additional information visit the Hot Springs Log Cabins Website: https://hotspringslogcabins.com/
Listed by Alex Lopez of Verge LLC (alexlopez@vergeclt.com)

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Basic Information

  • ForeclosureN
  • List Price$1,500,000
  • MLS NumberCAR4067975
  • MLS StatusActive
  • Property SubTypeBUSINESS

Property

  • Acreage11.44
  • Parking Spaces
  • Units5
  • Water Source Well
  • ZoningR-2

Amenities

  • Other AmenitiesMountain View, Waterfront
  • ViewYear Round

Water Body

  • Water Features["None"]

Other

  • View Count21

Tax Information

  • Taxes$373,536

Location

  • Building Number5830
  • CountyMadison
  • StateNC
  • StreetNC 209 Highway
  • Zip53209

Interior

  • Flooring Tile, Wood

Utilities

  • Cooling ["Ductless"]
  • Heating Electric
  • Sewer Septic Installed
  • Utilities ["Electricity Connected", "Satellite Internet Available", "Wired Internet Available", "Other - See Remarks"]

Parking

  • Garage Spaces

Rooms

  • Bathroom5

Building

  • Foundation Details Other - See Remarks
  • Square Feet2,040
  • Year Built2005

Exterior

  • Roof Metal

Property Information

  • Construction Materials Log, Metal, Wood
  • Gross Scheduled Income $255,620
  • Inclusions Building, Business, Equipment, Fixtures, Inventory, Land, Other
  • Net Operating Income $88,704
  • Number Of Buildings 6
  • Operating Expense $166,916

Your Local Office

WNC Mountain Realty
23 Songbird Lane
Weaverville NC, 28787

Office: 828-231-3117

Broker Reciprocity © 2023 Listings courtesy of Canopy MLS as distributed by MLS GRID. IDX information is provided exclusively for consumers’ personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The IDX data is deemed reliable but is not guaranteed by MLS GRID and may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS.  Based on information submitted to the MLS GRID as of December 10, 2023 5:46 PM EST . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

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