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    67/69 Flat Top Mountain Road Fairview, NC 28730

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    For Sale
    $885,000

    MULTI_FAMILY - Fairview, NC

    Lot size:
    2.44 Acres
    Added:
    Feb 1, 2025
    Days on Market:
    456
    Last Refresh:
    May 3 at 6:06 pm

    Property Features for 67/69 Flat Top Mountain Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    OU
    Bedrooms
    5
    Bathrooms
    4
    Rooms
    Bedroom 4, Bathroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Laundry Room, Bathroom 3, Bathroom 2, Bedroom 5, Bedroom 2
    Parking features
    Driveway
    Patio and Porch features
    Porch, Deck
    Pets allowed
    Yes
    Exterior features
    Fire Pit, Hot Tub
    Appliances
    Dishwasher, Dryer, Electric Oven, Electric Range, Electric Water Heater, Microwave, Oven, Refrigerator, Washer/Dryer
    Standard status
    Active
    APN
    9697-10-2785-00000, 9697104807
    Lot size
    2.44 Acres

    Taxes and HOA fees

    Tax Description
    DEED DATE:06/02/2021 DEED:6074-1616 PLAT:0236-0011

    Utilities

    Heating system
    Ductless (Heating), Heat Pump (Heating)
    Cooling system
    Heat Pump, Ductless
    Water source
    Well

    Building Details

    Year built
    2023
    Number of units
    2
    Building materials
    Hardboard Siding, Log
    Roof type
    Composition

    We can help!

    Listing Contact
    Sunday Grant

    Listing agent Sunday Grant License #290391

    Listing office GreyBeard Realty 204 East State Street, Black Mountain, NC

    Listing date Feb 1, 2025

    MLS# 4218998 Listing URL

    Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Furnished Homes on Mountain Acres

    Located in Fairview, NC, this property features two fully furnished homes situated on 2.44 private acres along Flat Top Mountain Road. The property offers flexibility, income potential, and modern mountain living. Currently operating as successful Airbnbs, this property is ready to step right into. Constructed in 2023, the main home is a log cabin featuring 3 bedrooms, 2.5 baths, and an open, light-filled floor plan with modern finishes. The second home offers 2 bedrooms and 1 bath, suitable for guests, multi-generational living, or continued rental income. Both homes include upper-level loft bedrooms open to the main living spaces. The layout allows for multiple uses, such as living in one and renting the other, hosting family and friends, or operating both as income-producing properties. The 2.44-acre setting provides usable outdoor space and a peaceful mountain backdrop, with an additional lot included for future flexibility or expansion. Property infrastructure includes a 5-bedroom septic system with two separate tanks sharing a drain field, along with a shared well. The property is versatile and ready to go.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Real Estate Agency Spa & Massage Center Auto Repair Shop Hotel & Motel HVAC Service Garden Center Bakery Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fairview
    County
    Buncombe
    State
    North Carolina
    Longitude
    -82.3925477
    Latitude
    35.5456489

    Nearby Similar for Sale

    • $965,000

      Fairview Land with Chestnut Cabin

      8.17-acre property with 1800s cabin, ideal for nature lovers.
      117 Woods View Trail, Fairview, NC 28730
      View Details
    • $1,699,000

      Fairview Mobile Home Park

      Well-maintained 16-unit mobile home park near Asheville.
      5 Becky Lane, Fairview, NC 28730
      View Details

    FAQs

    What type of property is this?
    Short term rental property - Two furnished homes on 2.44 acres near Asheville.
    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 $885,000.
    What are key features of this property?
    This property features: Two fully furnished homes on 2.44 acres, ready for immediate use as successful Airbnbs or flexible living arrangements.; Built in 2023, both homes feature modern finishes and an open floor plan, with a **3‑bedroom log cabin as the main residence.**; Income potential through continued rental of both homes, or living in one while renting the other.
    (828) 231-3849
    We can help!
    Listing Contact
    Sunday Grant
    Real Estate License ID: 290391
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    67/69 Flat Top Mountain Road, Fairview, NC 28730

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