Multifamily (Multi Family)

117-135 Ridgeview Dr, Elizabethton, TN 37643

Cabin

FOR SALE

Price: $2,100,000 List Date: 2025-10-13 DOM: 16
City Tax: $0 County Tax: $3,637Utilities Expenses: $

Year Built: 2020

Total Area: 2,304 ft² (Finished & Unfinished)

Lot Size: 4.71 acre(s) Lot Dimensions: see acres Topography: Sloped

Heating: Central Cooling: Central Air Water & Sewage: Public

Appliances: Microwave, Built-In Electric Oven

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.