Commercial Sale
$ 550,000.00
- MLS #: 26026867
- Days on Market: 49
- Date added: 07/11/22
- Post Updated: 2022-08-25 05:17:02
- Type: Commercial
- Status: Active
- Floors: Carpet,Vinyl
- Year built: 1963
- Area: Franklin
- Possession: Subject To Tenant Rights
- County: Macon
- Listing Office: 216
- Township: Franklin (Macon Co.)
- Subdivision: Oak Forest Village
- Financing: Cash,Conventional
- Construction: Concrete
- Location: County,Other-See Remarks
- Apx SqFt: Other-See Remarks
- Attribution Contact: 8283690000
- Restrooms: 13
- Zoning: R1
Description
Incredible investment opportunity in the heart of the Franklin NC mountains. Welcome to Oak Forest Cottages – 12 charming little homes awaiting your restoration to the adorable mini-village they once were. What a stellar opportunity for rental income! Ideal for either long-term rentals, a vacation rental hamlet, or utilize for short-term rental homes as are very much needed in the area. The 2.8-acre parcel lays gently, with two common areas which could be used for picnic tables, lawn games, firepits, extra parking, or possibly an additional homesite. Eleven of the homes are 1 bedroom/1 bath and the 12th is a 2/1. One of the cottages also boasts a lower level, which could be refinished again as a 13th rental unit. One unit was formerly set up for a live-in property caretaker. Nine of the cottages had new metal roofs installed in 2021. The location is ideal for easy access to Franklin, Highlands & Sylva NC and Clayton GA and features paved access up to the driveway. You can’t find a better location to provide your clients access to rafting, hiking, waterfall-viewing, gem-mining, casinos, fishing, shopping, and all the WNC mountains have to offer!
View on map / Neighborhood
- Directions: Must have an appointment to view! From Franklin take Hwy 64E, Highlands Road east to R on Belleview Road to L into #258... property starts on left in the community" area, which is fenced. DO NOT bother tenant in unit 5, please. Don't enter unit 7 - tree fell on roof and there is mildew.
Features
- Parking: Other-See Remarks
- Building Size: 575
- Building 2: 575
- Building 3: 575
- Building 4: 575
- Roof System: Metal,Shingle,Other
- Access: Private Road,Paved Road
- Heating System: Electric Heat Pump,Wall Heater,Other-See Remarks
- TV/Internet: Cable Internet,Other-See Remarks,DSL
- Utilities: Electricity Available,Septic,Phone Available,Well
- Air Conditioning: Central Electric Heat Pump,Other-See Remarks
Fees & Taxes
- County Tax: $ 3,049.50
- City Tax: $ 0.00
Miscellaneous
- Miscellaneous: None
- Virtual Tour: tour.usamls.net/258-Belleview-Road-Franklin-NC-28734--26026867/unbranded
- Easement: Zoning R1
- Deed Book: Q-38
- Deed Page: 263
- Buyer $/%: 3