Airbnb / Vacation Rental with Lake Access & Mountain Views

49 Bayshore Dr, Nebo, NC 28761  = 4 Plex ( Units A, B, C, D Included ) 

4 Units Total, Each Unit = 4Bed / 4Bath, Each 2700Sq/Ft. Units sit on a 1.5 Acre Lot with Deeded Lake Access

ARV / Retail Estimate = $1.2M - $1.4M Comparable sales within the same community

1. 200 Lentz Landing Ln, Nebo, NC 28761  = Sold @ $326 / Sq Ft

  Single Unit ( 3Bed 2 Bath, 2,202 sq ft sold on 12/21/21 for $723,700 )

2. 90 High Lake Dr Nebo, NC 28761   = Sold @ $219 / Sq Ft

  Single Unit ( 4Bed 4Bath, 2,202 sq ft sold on 12/28/21 for $640,000 )

3. 1077 Ten Whigs Rdg. Nebo 28761  = Sold @ $244 / Sq Ft

  Single Unit ( 3Bed 4Bath, 3,065 sq ft sold on 4/15/21 for $723,700 )

Off Market Cash Price ( 4 unit package ) = $800,000

Average Area Rents = $1,800 - $2,400 / Month / Per unit  ( $7,200 - $9,600 / Month Total ) 

( 11.57% Cap Rate @ $2,050 / Per Month / Per unit accounting for taxes & other expenses ) 

Vacation Rental Estimate = $250 - $400 / Per Night / Per Unit

Close of Escrow: On or Before 3/15/22

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with a memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.

If you are interested in this deal, CLICK THE BUTTON ABOVE TO GET THIS DEAL.