8703 Highway 19E Roan Mountain, TN 37687

This turnkey rental portfolio in Roan Mountain features 12 units within 5 buildings, located across Highway 19E and the Eddie Lane cluster. The properties are currently 100% occupied and generate consistent cash flow. The portfolio includes 107, 109, 111, and 117 Eddie Lane, which are all two-story buildings, each containing two-bedroom apartments with in-unit laundry facilities. These units are approximately 800+ square feet each, and tenants are responsible for utilities. The average income per unit is $1,030.00, totaling $8,240 per month. The fifth building, located at 8703 Hwy 19E, is a single-story structure with four three-bedroom apartments, each also equipped with laundry facilities. Tenants pay utilities, and the average income per unit is $1,285.00, totaling $4,980 per month. The total annual income for the property is $158,640. Annual expenses, including taxes ($6,000), insurance ($6,500), garbage ($2,200), and CapEx upgrades ($5,000), total $19,000, resulting in a net profit of $139,640. Factoring in property management fees of 8% ($12,000), the net operating income (NOI) is $128,000, equating to a 7.5% cap rate. The properties are located within one parcel in Carter County and are zoned MF. The 3.47-acre lot feeds into Cloudland Schools. The portfolio offers steady rents and practical layouts that minimize turnover and maintenance costs. Systems and mechanicals have been proactively maintained. The properties are located minutes from grocery stores, schools, and employers. The location is 19 minutes to Banner Elk, 33 minutes to Johnson City, and 46 minutes to Boone. The properties are located close to the Appalachian Trail and within an hour of Beech Mountain and Sugar Mountain ski slopes.