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23729253
23729252

3452 Old Hwy 64 E, Hayesville, NC 28904

BF
GA GA 416596
Keller Williams Coastal Area Partners
MW
344905
Listed by Keller Williams Coastal Area Partners
$825,000
358 days on market
Updated 29 days ago

3452 Old Hwy 64 East, Hayesville, NC

Details
APN 640900059405
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 3,450
Units 5
Cap Rate 9.1%
NOI $75,115
Occupancy 100%
Price per SqFt $239
Broker Co-Op Yes
Class A
Year Renovated 2020-2025
Buildings 4
Acreage 1.830
Investment Type Owner/User
Ownership Robbie McDaniel

Multifamily | 5 Units | $179,000/unit

Marketing description

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.

Investment highlights

  • Location: Situated in North Carolina's Blue Ridge Mountains

  • Lot Size: 1.83-acre turnkey mountain resort property

  • Investment Appeal: Multiple revenue streams and strong development potential

Current Income-Generating Units:

  • 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

Infrastructure & Features:

  • Fiber internet and updated infrastructure

  • 40 minutes from major tourist destinations

  • Strong short-term rental performance potential

Development Potential:

  • Recent land clearing completed

  • Existing RV spot can be optimized to increase annual revenue from $6,000 to $30,000

  • Space available for up to five additional units in the prepared back portion of the property

Listing Contacts

BF
GA GA 416596
Keller Williams Coastal Area Partners
MW
344905
Listed by Keller Williams Coastal Area Partners

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$75,115.00
$6,259.58/mo

Valuation Metrics

0
DSCR
9.1%
Cap Rate
9.1%
ROI

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Additional Information

Name
Matthew Wells
License
344905
Brokerage
Keller Williams Great Smokies
Brokerage Phone
828.734.6930
Title
Broker of Record
Brokerage Address
38 North Main Street, Waynesville, NC
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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