Incredible Multi-Family Investment Property with Scenic Mountain Views – Listed Below Appraised Value
Incredible Multi-Family Investment Property with Scenic Mountain Views – Listed Below Appraised Value
This fantastic multi-family property, located right off East Deep Creek Rd, presents a unique investment opportunity at a price below its appraised value. Whether you’re a seasoned investor or someone looking to step into the world of rental properties, this listing offers significant potential for steady rental income and future growth.
Property Overview: This property features a combination of two apartments, a 2-bedroom single-wide mobile home with a bonus room, and a double-wide mobile home that is currently owner-occupied. In total, there are multiple rental units providing diverse income options, all located in a peaceful, scenic setting with breathtaking mountain views.
Units and Rental Income:
- Top Apartment: This unit rents for $500 per month and is a great option for tenants seeking a cozy, affordable living space.
- Bottom Apartment: With a rental price of $750 per month (power included), this apartment offers an attractive option for those looking for more space and amenities.
- 2-Bedroom Single Wide with Bonus Room: This unit is currently rented for $1,000 per month and offers a flexible living space with the added bonus room, making it ideal for tenants needing extra storage or workspace.
- Double-Wide Mobile Home: Currently owner-occupied, this unit has rented for $1,400 in the past, making it an excellent choice for higher rental income. It is spacious and offers an inviting environment, with the potential for continued income should the new owner choose to rent it out again.
Income Potential: With current and potential rents totaling $3,650 per month (including utilities), this property offers an excellent return on investment. The variety of units on the property allows for flexible rental strategies to maximize profitability, and the demand for affordable housing in this area ensures a steady stream of potential tenants.
Scenic Mountain Views: One of the standout features of this property is the stunning mountain views that can be enjoyed from several areas of the property. Whether you’re relaxing outside or looking out from within the units, the natural beauty of the surrounding mountains creates a tranquil atmosphere that enhances the overall appeal of the property.
Ideal Location: Situated just off East Deep Creek Rd, the property is conveniently located with easy access to Bryson City and surrounding areas. It offers both the charm of rural living with the convenience of being near town amenities. The property’s peaceful setting, combined with its proximity to local shops, dining, and outdoor recreation, makes it an attractive option for potential tenants.
Owner is a NC Licensed Real Estate Agent: Please note, the seller is a North Carolina Licensed Real Estate Agent, which can provide additional assurances for prospective buyers throughout the process.
Don’t Miss Out on This Incredible Opportunity: This multi-family property offers incredible value and potential for generating rental income. With its scenic views, diverse income-producing units, and below-appraised value listing, this property won’t last long. Whether you’re looking to expand your investment portfolio or find a versatile property with multiple rental options, this home is the ideal choice.
Contact us today to schedule a tour and see firsthand the potential this property holds!
