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$650000 / 3300ft2 - Development Opportunities Abound in this Income Producing Property

3300ft2

cottage/cabin

Located just 5.6 miles north of downtown Asheville North Carolina, this unique property on 3.92 acres offers several best use opportunities. Situated on the west slope of Reynolds Mountain and offering SW facing home sites, this property has multiple residential development possibilities. In the center of this 4 acre property are two structures, both built in the 1930s and both in good repair after a complete rehab in 2007. Both structures are log cabins. One is an 1800 square foot three bedroom two-and-a-half bath Lodge. The other is a two-story log cabin duplex. These units are also in good condition and could be easily transitioned into vacation rentals. They have been full time rentals since the completion of rehab in late 2007 (with 90+% occupancy rate). The current monthly income is $3300. The property could also act as a family home with income. The land also has deeded right of way from Weaverville Hwy (US 25). The band Papadosio recorded their song "Night and Day" in the lodge. If you Google "Papadosio, Night and Day (teaser)", you will see a video that shows the lodge interior and also provides you with an aerial view of the entire property. $650,000. Serious inquiries only. No realtors, please. Paul show contact info
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post id: 6959202894

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