8703 Hwy 19E Roan Mountain, TN 37687

This turnkey rental portfolio in Roan Mountain features 5 buildings comprising 12 units, offering 100% occupancy and consistent cash flow. The properties include 107, 109, 111, and 117 Eddie Lane, which are all two-story buildings with two-bedroom apartments, each approximately 800+ square feet and equipped with laundry facilities. Tenants are responsible for utilities, and 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 4 three-bedroom apartments, each with its own laundry facilities. Tenants pay utilities, and the average income is $1,285.00, totaling $4,980 per month. The total annual income for the property is $158,640. Expenses, including taxes ($6,000), insurance ($6,500), garbage ($2,200), and CapEx upgrades ($5,000), amount to $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 portfolio features steady rents, a proven tenant base, and practical layouts that minimize turnover and maintenance costs. Systems and mechanicals have been proactively maintained. Located within one parcel in Carter County, the properties are in proximity to grocery stores, schools, and employers, and feed into Cloudland Schools. The 3.47-acre property is located 19 minutes from Banner Elk, 33 minutes from Johnson City, and 46 minutes from Boone. The property is suitable for 1031 exchange buyers seeking immediate cash flow.