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32654961
32655235

556 Thorncliff Drive, Seven Devils, NC 28604

RC
271845
eXp Realty
Listed by eXp Realty
$1,249,000
21 days on market
Updated 21 days ago

556/558 Thorncliff Drive

Details
APN 1868-95-9675-000
Property Type Multifamily
Sub Type Short term rentals
Square Footage 2,864
Units 2
Cap Rate 8.74%
NOI $109,212
Tenancy Multi
Pro-Forma Cap Rate 10.52%
Pro-Forma NOI $131,377
Class A
Year Built 1986
Year Renovated 2024
Buildings 2
Acreage 3.030
Zoning R-1
Parking Spaces 8 spaces
Parking Per SqFt 2.79
Investment Type Stabilized
Ownership Seller owned for at least one year

Turnkey 2-Homes-on-1-Lot STR Portfolio | $152K+ Annual Revenue | 3 Acres w/ Mountain Views

Marketing description

A rare opportunity to own two mountain homes with nearly $153k in Revenue on a huge 3-acre parcel in the heart of Seven Devils, offering versatility, privacy, and breathtaking long-range mountain views. Currently operating as a successful short-term rental, this unique property could be great for investors, second-home buyers, or those seeking a true mountain retreat with income potential. The main residence welcomes you with a spacious, light-filled layout designed for both comfort and entertaining. Highlights include a generous primary suite, two additional guest bedrooms, a dedicated office, and a well-appointed kitchen filled with natural light, great for gathering with family and friends. The inviting living room features a striking stone fireplace and opens to multiple decks, creating seamless indoor-outdoor living and spectacular mountain scenery. A dog run and multiple outdoor spaces further enhance the home's functionality and appeal. Just across the property, the charming A-frame guest cottage offers a peaceful escape of its own. Vaulted ceilings, a grand stone fireplace, and an open loft sleeping area create a cozy yet dramatic setting, complemented by a full bath and additional flex or office space. A large secluded viewing deck surrounded by natural mountain boulders provides a serene place to relax and take in the surrounding beauty. This exceptional property offers endless possibilities, live in one home while renting the other, maintain both as short-term rentals, create an in-law or guest retreat, or establish an epic family compound. With unmatched flexibility, stunning views, and proven rental appeal, this Seven Devils property is a truly special opportunity! Total bedroom count between both homes is 5 Bedrooms however, the main home lower level 4th Bedroom does not have a window but has a closet and ensuite bathroom. The 2nd home has a loft style bedroom. In total, there are 6 beds across the 5 bedrooms

Investment highlights

  • A rare opportunity to own two mountain homes with nearly $153k in Revenue on a huge 3-acre parcel in the heart of Seven Devils
  • Potential to reach $175,000 or more in revenue
  • Currently operating as a successful short-term rental
  • Listing agent has property management company at Coolbnbs.com, willing to manage for new owner
  • Versatility, privacy, and breathtaking long-range mountain views
  • Great for investors, second-home buyers, or those seeking a true mountain retreat with income potential
  • Main residence welcomes you with a spacious, light-filled layout designed for both comfort and entertaining
  • Generous primary suite, two additional guest bedrooms, a dedicated office, and a well-appointed kitchen filled with natural light
  • Inviting living room features a striking stone fireplace and opens to multiple decks, creating seamless indoor-outdoor living and spectacular mountain scenery
  • Dog run and multiple outdoor spaces further enhance the home's functionality and appeal
  • Charming A-frame guest cottage offers a peaceful escape of its own with vaulted ceilings, a grand stone fireplace, and an open loft sleeping area
  • Full bath and additional flex or office space in guest cottage
  • Large secluded viewing deck surrounded by natural mountain boulders provides a serene place to relax and take in the surrounding beauty
  • Endless possibilities: live in one home while renting the other, maintain both as short-term rentals, create an in-law or guest retreat, or establish an epic family compound
  • Unmatched flexibility, stunning views, and proven rental appeal

Listing Contacts

RC
271845
eXp Realty
Listed by eXp Realty

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$109,212.00
$9,101.00/mo

Valuation Metrics

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DSCR
8.74%
Cap Rate
8.74%
ROI

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