8703 Hwy 19E Roan Mountain, TN 37687

This turnkey rental portfolio in Roan Mountain features 5 buildings comprising 12 units. The properties are located across Highway 19E and the Eddie Lane cluster. The portfolio maintains 100% occupancy and generates consistent cash flow. The properties include 107, 109, 111, and 117 Eddie Lane, which are all two-story buildings with two-bedroom apartments, each featuring laundry facilities and approximately 800+ square feet. 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 building with 4 three-bedroom apartments, each also equipped with 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. 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 portfolio offers steady rents, a proven tenant base, and practical layouts that minimize turnover and maintenance costs. Systems and mechanicals have been proactively maintained. All units are located within one manageable radius, simplifying oversight and creating economies of scale for maintenance. The properties are located within one parcel in Carter County and feed into Cloudland Schools. The 3.47-acre lot is minutes from grocery stores, schools, and employers. The property is zoned MF. The property contains 12,480 square feet. The location is 19 minutes to Banner Elk, 33 minutes to Johnson City, and 46 minutes to Boone.