Hot Springs, NC 28743,5830 NC 209 HWY
Hot Springs, NC 28743,5830 NC 209 HWY
Hot Springs, NC 28743,5830 NC 209 HWY
Hot Springs, NC 28743,5830 NC 209 HWY
Hot Springs, NC 28743,5830 NC 209 HWY
Hot Springs, NC 28743,5830 NC 209 HWY
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$1,150,000

$1,500,000

23.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

5 Baths

2,168 SqFt


SOLD DATE : 07/15/2021

Key Details

Sold Price $1,150,000

Property Type Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 2,168 sqft

Price per Sqft $530

MLS Listing ID 3661285

Sold Date 07/15/21

Year Built 2005

Lot Size 11.440 Acres

Acres 11.44

Lot Dimensions 422573

Property Description

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

Location

State NC

County Madison

Building/Complex Name Hot Springs Log Cabins

Interior

Heating Electric, Other

Cooling Other

Flooring Wood

Exterior

Utilities Available Electricity Available, Septic Tank, Telephone On-Site, Well

Waterfront Description None

Roof Type Metal

Building

Building Description Wood,Other, Hotel/Motel

Story 1

Foundation Block, Pier & Beam

Structure Type Wood,Other

New Construction false

Others

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Subject to Lease, None

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Listed by Clarissa Marshall • EXP Realty LLC
Bought with Clarissa Marshall • EXP Realty LLC
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