Banner Elk, NC 28604 - Avery County

Estate Sale: NC Mountains Cabin on 2 Lots - AS-IS for $695,000 - First come, first serve.

Owner Financing Available for Immediate Purchase Call Today 855-568-5263

Cabin and Lot Liquidation

Great Rental and Investment Opportunity! VRBO and Airbnb dream property, sleeps 20-30 people. This cash flow property has undergone extensive renovations, including:

New kitchen

New floors

Two new gas log fireplaces

New kitchenette

New stain and stone exterior

New tongue and groove ceilings with lighting and fans

Updated bathrooms

New paint

New renovations have begun but are not completed. Come and finish the work to gain equity and enjoy the cash flow potential!

This property is priced for a quick sale and could offer a 10% CAP rate for short-term rentals.

Price: $695,000 AS-IS

Imagine owning a property that not only serves as a luxurious getaway but also generates a steady stream of income. Located in the breathtaking NC Mountains, this cabin sits on two beautiful lots, offering a serene escape while being close to top attractions like Banner Elk, the Blue Ridge Parkway, Beech Mountain Ski Resorts, and Grandfather Mountain.

The cabin's prime location makes it a sought-after destination for vacationers year-round. With rental rates ranging from $400 to $600 per night, this property has the potential to cash flow over $110,000 per year. This is a fantastic investment opportunity, not just for the rental income but also for the potential appreciation in property value as you complete the remaining renovations.

Surrounded by nature and close to activities like phenomenal rafting and trout fishing at Toe River and Elk River, and extensive hiking and hunting in Pisgah National Forest and Pisgah Game Lands, guests will be eager to book their stay. Proximity to charming towns like Boone, Blowing Rock, and the recreational facilities at Elk River Club adds to its allure.

For more details and to view all of LW Land's inventorY

Call today at 855-568-5263 and ask about the cabin estate sale!