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3452 Old Highway 64 E - Airbnb Park 4 Unit Apartment Building Offered at $895,000 at a 6.95% Cap Rate Hayesville, NC 28904



INVESTMENT HIGHLIGHTS
- Situated in North Carolina's Blue Ridge Mountains
- Multiple revenue streams and strong development potential; Space available for up to five additional units in the prepared back portion of property
- Existing RV spot can be optimized to increase annual revenue from $6,000 to $30,000
- 1.83-acre turnkey mountain resort property
- Main Cabin: Long-term leased at $1,950/month; Two Luxury Tiny Homes: Each generates $3,000–$4,000/month; Recently upgraded with hot tubs and patios
- New Treehouse Retreat: Newly constructed; Commands premium rental rates
EXECUTIVE SUMMARY
Located in North Carolina's Blue Ridge Mountains, this 1.83-acre turnkey mountain resort property offers a compelling investment opportunity with multiple revenue streams and significant development potential. The property currently features four income-generating units: a long-term leased main cabin ($1,950/month), two luxury tiny homes with recent hot tub and patio upgrades (each generating $3,000-4,000/month), and a newly constructed treehouse retreat commanding premium rates. With fiber internet, updated infrastructure, and prime location just 40 minutes from major tourist destinations, the property is positioned for strong rental performance. Recent land clearing and available building sites provide immediate expansion opportunities, including the potential to convert an existing RV spot from $6,000 to $30,000 annual revenue and space for up to five additional units in the prepared back portion of the property.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $895,000 | Lot Size | 1.83 AC |
| Price Per Unit | $223,750 | Building Size | 3,450 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 6.95% | No. Stories | 1 |
| No. Units | 4 | Year Built/Renovated | 2020/2025 |
| Property Type | Multifamily |
| Price | $895,000 |
| Price Per Unit | $223,750 |
| Sale Type | Investment |
| Cap Rate | 6.95% |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 1.83 AC |
| Building Size | 3,450 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 2020/2025 |
AMENITIES
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Furnished Units Available
- Grill
- Walking/Biking Trails
- Wi-Fi
- Community-Wide WiFi
- Maintenance on site
- Walk-Up
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PROPERTY TAXES
| Parcel Number | 640900-05-9405 | Total Assessment | $86,900 (2025) |
| Land Assessment | $30,400 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $56,500 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
640900-05-9405
Land Assessment
$30,400 (2025)
Improvements Assessment
$56,500 (2025)
Total Assessment
$86,900 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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3452 Old Highway 64 E - Airbnb Park
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