Newland, NC FSBO Real Estate Listing

Property Description

Investment Opportunity: Buy Now, Pay Later! This stunning mountain retreat, nestled in the Linville Falls community of North Carolina, awaits your ownership.
Imagine enjoying a payment-free summer while still earning income! Here's how it works: Sign the paperwork in February, take possession on June 1, 2024, once the current tenant leaves, and make no payments until January 1, 2025.
Let's delve into the details of this luxurious mountain home: Featuring 4 bedrooms (3 bedrooms + bonus/bunk room) and 3 baths, this home in the Blackpoint at Linville Falls gated community offers a serene atmosphere with a hot tub and a spacious yard.
Surrounded by million-dollar homes and overlooking the Linville Falls Winery, it's just 1 mile off the Blueridge Parkway—a perfect getaway or primary residence! Step inside to find a tastefully designed interior with hardwood floors, vaulted ceilings, and a gas fireplace in the main gathering area.
The kitchen boasts granite counters, stainless appliances, a vent hood, and a tiled backsplash.
The main level also hosts a half bath, laundry room, and a suite with a private bath featuring a tiled shower and jetted bathtub.
Upstairs, three more bedrooms share a second full bath with double vanities and a tub/shower combo.
Outside, savor the mountain air on the covered porch, fire up the gas grill for a delightful dinner, and unwind in the hot tub.
Conveniently located less than 5 minutes from Linville Falls Winery and Blue Ridge Parkway access, with nearby towns like Linville, Marion, and Banner Elk just a short drive away.
Here are some important notes: This home has been a vacation rental from 2019–2023, averaging over $63,000 in rental income per year.
Currently, it's a MTR rental for a contract nurse until May 30, 2024, with a forecasted annual gross income of $72,650 upon moving back into STR.
Estimated cash-on-cash ROI is 11% starting January 2025.
Proforma data is available upon request, including historical income data and a June 2023 DSCR hard appraisal of $5,100/mo.
and $860,000 valuation.
Seller Financing Available in Newland, NC! Contact us for more information.
Call (540) 683-9784

Details & Amenities

Property Address

103 Black Point Dr, Newland, NC 28657, USA, City - Avery County