Furnished Mountain Short-Term Rental
For Sale
$860,000
67/69 Flat Top Mountain Road, Fairview, NC 28730
Two furnished residences provide separate living spaces for continued short-term rental operations or personal use.
Property Size2,653 SF
Lot Size2.44 Acres
Price / SF$324.16
Days on Market547
Property Features for 67/69 Flat Top Mountain Road
General Information
Standard status
Active
Size
2,653 SF
Lot size
2.44 Acres
Property subtype
Multi-Family
Zoning
OU
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/2.5BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Furnished
Yes
Amenities
1
No
5
In Bathroom,Inside,Main Level,Multiple Locations
2653
Cleared,Hilly,Private,Rolling Slope,Sloped,Wooded,Views
Shared Well
2.44
Driveway
Concrete,Paved
Fire Pit,Hot Tub
Crawl Space
Publicly Maintained Road
Building Details
Building Size
2,653 SF
Year Built
2023
Buildings
2
Listing Agency:
GreyBeard Realty
(864) 230-6886
Listed By:
Marie Crumpler
(864) 230-6886
Source:
Cdanjoyner
Added: Feb 1, 2025
Changed: Aug 2
Last Checked: Aug 2 at 3:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GreyBeard Realty
Investment Insights
Based on property information with market context.
This 2023 property includes two fully furnished homes totaling 2,653 square feet on 2.44 acres. The primary log cabin has three bedrooms, two-and-a-half baths, and an open living area with contemporary finishes. The second residence offers two bedrooms and one bath. Each home includes an upper-level loft bedroom open to the main living space, while the separate structures create distinct accommodations on the same property.
The residences are currently operated as Airbnbs and are located along Flat Top Mountain Road in Fairview. The setting includes wooded, sloped, rolling, and cleared areas with mountain views. Site infrastructure includes a shared well and a five-bedroom septic system with two separate tanks connected to one drain field. Zoning is OU, and the property also includes an additional lot.
The residences are currently operated as Airbnbs and are located along Flat Top Mountain Road in Fairview. The setting includes wooded, sloped, rolling, and cleared areas with mountain views. Site infrastructure includes a shared well and a five-bedroom septic system with two separate tanks connected to one drain field. Zoning is OU, and the property also includes an additional lot.
Key Highlights
- Two fully furnished homes totaling 2,653 square feet
- Primary log cabin built in 2023 with 3 bedrooms and 2.5 baths
- Second residence includes 2 bedrooms and 1 bath
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.8k | $20.28 |
| − Vacancy | −$6.8k | −$2.56 |
| EGI | $47.0k | $17.72 |
| − OpEx | −$21.2k | −$7.98 |
| NOI | $25.9k | $9.75 |
2,653 SF · lease $20.28/SF/yr · vacancy 12.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$369.5K
$323.3K – $431.1K
NOI $25,863 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$838.9K
$734.1K – $978.7K
NOI $58,724 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Explore this area
Business Placement
Demographics for 28730, NC
9,707
Population
3,927
Households
2.5
Avg Household Size
47
Median Age
45%
College-Educated
94%
High-School Grad
45.3 sq mi
ZIP Area
214
Density / Sq Mi
$91,544
Median Household Income
$47,930
Median Earnings
$1,256
Median Rent
$357,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Two furnished residences provide separate living spaces for continued short-term rental operations or personal use.
Where is this short term rental property located?
The property is located at 67/69 Flat Top Mountain Road Fairview, NC.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: Two fully furnished homes totaling 2,653 square feet; Primary log cabin built in 2023 with 3 bedrooms and 2.5 baths; Second residence includes 2 bedrooms and 1 bath
