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
-
0BEDS
-
11.44ACRES
-
0BATHS
-
01/2 BATHS
-
2,168SQFT
-
$692$/SQFT
School Ratings & Info
Offered by Exp Realty Llc. Copyright 2021 Canopy MLS. All rights reserved.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
Based on information submitted to the MLS GRID as of 2021-01-22T16:59:28.68 UTC. 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.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Keller Williams Professionals nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2021 Canopy MLS.
Digital Millennium Copyright Act