Yellow Rose Realty | Western North Carolina Vacation Rentals and Real Estate

by

$ 550,000.00

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  • MLS #: 26026867
  • Days on Market: 49
  • Date added: 07/11/22
  • Post Updated: 2022-08-25 05:17:02
  • Type:
  • Status:
  • 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

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