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Roan Mountain,TN 37687
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 5,858 sqft
Price per Sqft $32
Subdivision Not In Subdivision
MLS Listing ID 9970188
Style Traditional,Other
Bedrooms 4
Full Baths 4
Half Baths 1
Year Built 1956
Lot Size 0.350 Acres
Property Description
Investment opportunity!
This unique property offers a prime investment opportunity in the heart of Roan Mountain, TN. The downstairs space is ideal for a retail business, perfectly positioned to attract both locals and tourists alike. Upstairs, the property features four spacious apartments, each boasting two bedrooms, four bathrooms, a generously sized living room, and a full kitchen. These well-appointed units are perfect for long-term tenants or vacation rentals, providing a steady income stream; estimated annual income at $50,000. Roan Mountain is part of the Johnson City Metropolitan Statistical Area, which is included in the Johnson City-Kingsport-Bristol, TN-VA Combined Statistical Area, commonly known as the Tri-Cities region. This area is rich in culture and history, attracting visitors year-round. One of the key highlights of Roan Mountain is the annual Rhododendron Festival, held each summer at Roan Mountain State Park. The festival is a major draw, featuring traditional foods, locally handmade crafts, and performances by Southern Appalachian musicians. Visitors also flock to the festival to see the stunning catawba rhododendron gardens, which reach their peak bloom in late June. Don't miss out on this exceptional property that combines commercial potential with residential income in a beautiful and culturally vibrant location.
Location
State TN
County Carter
Community Not In Subdivision
Area 0.35
Zoning Commercial
Interior
Heating Other
Cooling None
Flooring Concrete,Vinyl
Exterior
Exterior Feature Other
Garage Circular Driveway,Concrete
Garage Spaces 1.0
Utilities Available Electricity Available,Water Available
View Mountain(s),Creek/Stream
Roof Type Asphalt,Metal
Building
Foundation Block,Concrete Perimeter
Sewer Septic Tank
Water Public
Structure Type Block,Concrete,Vinyl Siding,Plaster,Other
New Construction No
Schools
Elementary Schools Cloudland
Middle Schools Cloudland
High Schools Cloudland
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional