Two-Home Short-Term Rental
New
For Sale
$860,000
67/69 Flat Top Mountain Road, Fairview, NC 28730
Furnished residences offer separate living areas and are currently operated as Airbnb rentals.
Property Size2,653 SF
Lot Size2.44 Acres
Price / SF$324.16
Days on Market2
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
Residential Income
Zoning
OU
Additional Details
Furnished
Yes
Road Access
Yes
Multifamily Units
2
Currently Operating
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
(336) 815-4940
Listed By:
Amber Johnson
Source:
Makethemoverealty
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 29 at 2:53PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,653-square-foot property includes two furnished homes on 2.44 acres. The main residence, built in 2023, is a log cabin with three bedrooms, two-and-a-half bathrooms, and an upper-level loft bedroom open to the living area. The second home has two bedrooms, one bathroom, and a similarly arranged loft bedroom. An additional lot is included.
The property is served by a shared well and a five-bedroom septic system with two tanks connected to one drain field. Zoning is OU, and the homes are currently operating as Airbnb rentals.
The property is served by a shared well and a five-bedroom septic system with two tanks connected to one drain field. Zoning is OU, and the homes are currently operating as Airbnb rentals.
Key Highlights
- Two furnished homes on 2.44 acres, with an additional lot included
- Combined property area of 2,653 square feet
- Main log cabin built in 2023 with 3 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,863
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,260
$517.3K
Cap Rate 7%
$369,471
$369.5K
Cap Rate 9%
$287,367
$287.4K
Market Conditions
NOI Build-Up for 2,653 SF
Gross rent
$53.8K $20.28/SF
− Vacancy
−$6.8K −$2.56/SF
EGI
$47.0K $17.72/SF
− OpEx
−$21.2K −$7.98/SF
NOI
$25.9K $9.75/SF
Area
Buncombe County, NC
Vacancy
12.60%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,260
Cap Rate 7%
$369,471
Cap Rate 9%
$287,367
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.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Paved road access
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
Frequently Asked Questions
What type of property is this?
Short term rental property - Furnished residences offer separate living areas and are currently operated as Airbnb rentals.
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 furnished homes on 2.44 acres, with an additional lot included; Combined property area of 2,653 square feet; Main log cabin built in 2023 with 3 bedrooms and 2.5 bathrooms
