Furnished Two-Home Short-Term
For Sale
$860,000
67 /69 Flat Top Mountain Rd, Fairview, NC 28730
Two furnished residences currently operate as Airbnbs, with separate layouts suited to guest stays or owner use.
Property Size2,653 SF
Price / SF$324.16
Days on Market94
Property Features for 67 /69 Flat Top Mountain Rd
General Information
Standard status
Active
Size
2,653 SF
Property subtype
Multi-Family
Building Details
Year Built
2023
Listing Agency:
GreyBeard Realty
Listed By:
Sunday Grant · License #290391
(828) 231-3849
Source:
Lewisandkirk
Added: Jul 14
Changed: Oct 15
Last Checked: Oct 7 at 3:11PM
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 on 2.44 acres along Flat Top Mountain Road. The primary log cabin contains 3 bedrooms, 2.5 baths, and an open living area with modern finishes. The second residence provides 2 bedrooms and 1 bath. Both homes feature loft bedrooms that open to their respective main living spaces, and the combined property totals 2,653 square feet.
Currently operating as Airbnbs, the residences offer distinct accommodations while remaining part of one cohesive property. The address is approximately minutes from Asheville, with a mountain setting and usable outdoor space. An additional lot is included. Infrastructure consists of a 5-bedroom septic system with two separate tanks sharing a drain field, plus a shared well.
Currently operating as Airbnbs, the residences offer distinct accommodations while remaining part of one cohesive property. The address is approximately minutes from Asheville, with a mountain setting and usable outdoor space. An additional lot is included. Infrastructure consists of a 5-bedroom septic system with two separate tanks sharing a drain field, plus a shared well.
Key Highlights
- Two fully furnished homes on 2.44 acres along Flat Top Mountain Road
- Built in 2023 with 2,653 square feet combined
- Primary log cabin has 3 bedrooms and 2.5 baths
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
Current Use
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 currently operate as Airbnbs, with separate layouts suited to guest stays or owner use.
Where is this short term rental property located?
The property is located at 67 /69 Flat Top Mountain Rd 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 on 2.44 acres along Flat Top Mountain Road; Built in 2023 with 2,653 square feet combined; Primary log cabin has 3 bedrooms and 2.5 baths
