Residential
$ 550,000.00
- MLS #: 26026796
- Date added: 07/12/22
- Post Updated: 2022-08-24 06:35:42
- Type: Residential
- Status: Active
- Bedrooms: 1
- Bathrooms: 1
- Floors: Ceramic,Vinyl,Hardwood,Laminate,Other-See Remarks
- Year built: 1963
- Area: Franklin
- Financing: Cash,Conventional
- County: Macon
- Listing Office: 216
- Apx SqFt Range: < 800
- Township: Franklin (Macon Co.)
- Subdivision: Oak Forest Village
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
- Appliances: None
- Interior Features: Cell Service Available
- Exterior Features: Storage Building/Shed
- Acreage Features: Level
- Exterior Finish: Block
- Sewer: Septic Tank,See Remarks
- Roofing: Composition,Metal,Other
- Type & Style: Multi-Family
- Water: Shared Well
- Basement/Foundation: Slab
- Fireplace: None
- Attic: None,Access Only
- Garage/Carport: Carport-Single Detached
- TV/Internet: DSL
- Road Maintenance Detail: State,Paved Road,Other-See Remarks
- Windows/Doors: Other-See Remarks
- Water Heater: Electric,Other-See Remarks
- Fuel/Heat System: Other-See Remarks
- Furnished: No
- Restrictions: 1
- Air Conditioning: None
Rooms
- Bedroom 2 Lvl: N/A
- Bedroom 3 Lvl: N/A
- Bedroom 4 Lvl: N/A
- Addl Living Space: Detached
- Master Bedroom Lvl: First
- Kitchen Lvl: First
- Living Room Lvl: First
Fees & Taxes
- County Tax: $ 3,049.50