8.12% CAP | SUCCESSFUL OPERATING VACATION RENTAL BUSINESS WITH VALUE-ADD OPPORTUNITY | ASHEVILLE, NC
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Listing was updated on: 12/13/2020
Property Overview
| Price/Rent PSF | $ 1,000,000.00 |
| Asset Type | Hospitality |
| Trade Type | Sale |
| SQ. FT. Available | 5,353 |
| Date Available | 12/07/2020 |
| Additional URL | Link |
| Additional parameters | Show |
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Description
Location
Close proximity to Exit 33 I-26, I-40 and the Blue Ridge Parkway. Prime location for short term rentals - close proximity to popular visitor attractions such as Biltmore Estate, Blue Ridge Parkway, NC Arboretum, Asheville Outlet Mall and downtown Asheville.
Sale
Successful operating vacation rental business with value-add opportunity. The property consists of 6 structures on 1.38 Acres, including 3 Deltec “Round Houses” leased for short term rental, 2 units currently leased for long term rental, and one extensively renovated 3 bedroom, 2 bath modular home currently owner-occupied (would make a great long-term or short term rental). Property includes a storage bay, parking and laundry facilities. Conveniently located off Brevard Road in West Asheville, in close proximity to Exit 33 I-26, I-40 and the Blue Ridge Parkway. Prime location for short term rentals - close proximity to popular visitor attractions such as Biltmore Estate, Blue Ridge Parkway, NC Arboretum, Asheville Outlet Mall and downtown Asheville. The property features winter mountain views and a beautiful setting. Cap rate of 8.12% with proven year over year income growth. Additional acreage and units available (see MLS listing Number: 3677605).
Location