For sale Home

Listed Aug 22, 2024

$189,500 Est. $1,253/mo

Tbd Us Highway 19e

  • 4

    Beds

  • 5

    Baths

  • 5,858

    Sq ft

The story

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.

Facts & features

Home type

Home

Year built

1956

Floors

2

Price per sq ft

$32

Parking

1-car garage

Included features

  • Flooring

    Concrete, Vinyl

  • Roof

    Asphalt, Metal

  • Water Source

    Public

  • Sewer

    Septic Tank

  • View

    Mountain

Mortgage calculator

Estimated monthly payment

$1,253 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $1,009
  • Property tax $190
  • Insurance $55

Includes principal, interest, taxes & insurance.

Your Property Journey

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Listing Broker

CENTURY 21 Legacy

Broker Name

CENTURY 21 Legacy

Agent

Debra Elliott-Wade