5830 NC 209 Highway

Hot Springs, NC
$ 1,500,000 Beds 0 Baths 0 Sq 2,168 Virtual Tour
Monthly Estimate* How much can I afford?

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

Commercial

  • Price
  • $ 1,500,000
  • Lot Size
  • 11.44 Acres
  • Bedrooms
  • 0
  • Sqr Footage
  • 2,168
  • Full Bathrooms
  • 0
  • Year Built
  • 2005
  • Half Bathrooms
  • 0
  • City, Zip
  • Hot Springs
  • County
  • MADISON
  • Style
  • Commercial
  • Area
  • Madison County
  • MLS#
  • 3661285
  • Zip
  • 28743
Listing Provided by: EXP Realty LLC

Features

General

Car Hoasubjectto None
Construction Type Manufactured
Property SubType Commercial
Property Type Commercial Sale
Restrictions N/A
Roof Metal
Secondary Sub-Type Business
Standard Status Active
Structure Type Hotel/Motel
Waterfront Features None

Interior Features

Total Baths 5

Exterior Features

Building Area Total 2168
Lot Dimensions 422573
Lot Size Area 11.44

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Charlotte, NC office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

9/16/2020 Listed $1,000,000

Property vs Zip Code Average in 28743

Price
AVG $850K
$1.5M
Visits
AVG 27
101
Year Built
AVG 1994
2005

Map

5830 NC 209 Highway Hot Springs, NC is a Single Family Home for sale at $1500000 with 2168 sqft and a lot size of 11.44 Acres Acre(s). 5830 NC 209 Highway Hot Springs has 0 bedrooms, 0 baths and was built in 2005. The property's zip code is 28743 which is in Hot Springs, NC

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.