Turnkey Roan Mountain Rental
8703 Highway 19e, Roan Mountain, TN 37687
- Added:
- Dec 14, 2025
- Days on Market:
- 152
- Last Refresh:
- May 15 at 1:06 pm
Property Features for 8703 Highway 19e
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- MF
- Bedrooms
- 28
- Bathrooms
- 12
- Rooms
- Bathroom 2, Bedroom 11, Bathroom 9, Bedroom 27, Bedroom 15, Bathroom 1, Bedroom 14, Bedroom 17, Bathroom 4, Bedroom 24, Bedroom 12, Bedroom 20, Bedroom 21, Bathroom 10, Bedroom 19, Bedroom 16, Bedroom 1, Bedroom 7, Bathroom 3, Bathroom 11, Bedroom 6, Bedroom 26, Bedroom 28, Bedroom 18, Bedroom 10, Bedroom 2, Bathroom 7, Bedroom 25, Bedroom 3, Bathroom 6, Bedroom 9, Bedroom 23, Bathroom 5, Bedroom 5, Bedroom 8, Bedroom 13, Bathroom 8, Bedroom 22, Bedroom 4, Bathroom 12
- Appliances
- Dishwasher, Electric Range, Microwave, Refrigerator
- Standard status
- Pending
- APN
- 100 013.01
- Size
- 8,640 SF
- Lot size
- 3.47 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5914
Utilities
- Sewer type
- Septic Tank
- Heating system
- Heat Pump (Heating), Central, Electric (Heating)
- Cooling system
- Central Air, Heat Pump
- Water source
- Public
Building Details
- Year built
- 1996
- Number of units
- 12
- Flooring type
- Carpet, Vinyl
- Building materials
- Vinyl Siding
- Roof type
- Metal
- Architectural style
- Other
Listing agent Ryan & Sarah McKinney License #329643 (423) 773-1607
Listing office KW Johnson City 3009 Greenline Road, Johnson City, TN (423) 433-6500
Listing date Dec 14, 2025
MLS# 9989263
Listing URL
Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Turnkey rental portfolio with 12 units, 100% occupancy, and consistent cash flow, providing immediate income for investors.
- Strong Net Operating Income (NOI) of $120,000, equating to an 8.1% cap rate.
- Located in an undersupplied rental market (Roan Mountain) with year‑round demand from workforce tenants and tourism, ensuring stable occupancy.
- Proactively maintained systems and mechanicals, minimizing future capital expenditure surprises.
- All units are located within a manageable radius, simplifying oversight and creating economies of scale for maintenance.
- Proximity to outdoor recreation and nearby cities/colleges attracts a diversified renter pool.
Overview
This turnkey rental portfolio in Roan Mountain features 5 buildings comprising 12 units. Located across Hwy 19E and the Eddie Lane cluster, the properties maintain 100% occupancy and consistent cash flow. The portfolio includes 107, 109, 111, and 117 Eddie Lane, which are all two-story buildings with two-bedroom apartments, each with laundry facilities and approximately 800+ sq ft. Tenants are responsible for utilities, and the average income is $1,030.00 per unit, totaling $8,240 per month. The fifth building, located at 8703 Hwy 19E, is a single-story building with 4 three-bedroom apartments, also equipped with individual laundry facilities. Tenants pay utilities, and the average income is $1,285.00 per unit, totaling $4,980 per month. The total annual income for the property is $158,640. Approximate expenses, including taxes, liability insurance, flood insurance, garbage, and CapEx upgrades, total $26,400, resulting in a net profit of $132,240. Factoring in property management fees of 8% ($12,000), the NOI is $120,000, equating to an 8.1% cap rate. The properties are located within one parcel in Carter County and are part of the Cloudland Schools district. The 3.47-acre lot 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 location is minutes from grocery stores, schools, and employers. The property is ideal for 1031 exchange buyers seeking immediate cash flow. Several leases have been recently renewed. The property is 19 minutes to Banner Elk, 33 minutes to Johnson City, and 46 minutes to Boone.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
1031 exchange properties
Map
- City
- Roan Mountain
- County
- Carter
- State
- Tennessee
- Longitude
- -82.045009
- Latitude
- 36.190785
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Turnkey rental portfolio with 12 units, 100% occupancy, consistent cashflow.
Where is this apartment building located?
The property is located at 8703 Highway 19e Roan Mountain, TN.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Turnkey rental portfolio with 12 units, 100% occupancy, and consistent cash flow, providing immediate income for investors.; Strong Net Operating Income (NOI) of $120,000, equating to an **8.1% cap rate**.; Located in an undersupplied rental market (Roan Mountain) with year‑round demand from workforce tenants and tourism, ensuring stable occupancy.
