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Water Views
Address
19 Winding Gap Lane Tuckasegee, NC
Price
$ 550,000
Property Attributes
  • MLS#3427664
  • TypeCommercial
  • CountyJACKSON
  • CityTuckasegee
  • AreaJackson County
  • Zip28723
  • Style
  • Price$ 550,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size5.31 Acres
Listing Provided Courtesy Of:
Property Description

This is a unique opportunity to acquire a turn key, meticulously maintained vacation rental establishment with Wolfe Creek Lake access. There are three beautifully appointed cabins, the oldest being only 5 years old, the newest is 3 years old, all have newer appliances and furnishings, all have split zone HVAC units and have Hardi Plank low maintenance exteriors. Public Lake access is literally a "stones throw" away and lake views are available from most of the property. There is room on the property to construct two additional units/cabins which will only enhance the revenue potential this property has. The current owners/caretaker of the property have done an excellent job in building up an excellent rental history which has seen over a 40% YoY increase in revenues. This enterprise has solid financials and boosts a very favorable cap rate and will provide a great cash on cash return for the right investor. , Must see to appreciate!!

Price History
8/25/2018 Listed $650,000
6/13/2019 8% - $599,000
7/1/2019 9% - $550,000

General Features

Access Private Road
Easement Electric, Telephone
Miscellaneous Waterview, Other
Number Of Rentals Total 3
Number Of Units Buildings 3
Property Sub Type Other
Property Type Commercial
Restrictions None
Status Active
Utilities Commercial Propane, Septic Tank, Well

Interior Features

Commercial Cooling Window
Commercial Heating MultiZone Heat

Exterior Features

Flood Plan No
Foundation Crawl Space
Inclusions Building, Business, Fixtures, Land, Other
Lot Size Area 5.310
Rail Service No
Roof Composition Shingle, Insulated, Wood Trusses
Water Body Name Wolf Creek Lake
WaterFront Features Boat Ramp – Community, Paddlesport Launch Site - Community, Other - See Media/Remarks

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 28723

Price
AVG $370K
$550K
Visits
AVG 2
3
Year Built
AVG 1988
2015

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