442 Aldridge Road, Banner Elk, NC 28604 (MLS # 233165)

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$240k Gross Revenue; $100k Cash Profit; 16% CAP; 14% ROI; Masterpiece TURNKEY RENTAL MACHINE. Furnished (minor exclusions).Each room crafted in different wood species by the High Country's premier woodworker as his personal residence; optimized with $250k+ improvements by current owner over 3yrs.Oversized bedrooms, 5 fireplaces, Chef's Kitchen, Hand-carved Dining for 15, Arched beams, Coffered ceilings, Slate fireplace Wine Bar. Teak soaking tub & Heated Floor in Primary Bedroom Sanctuary. Vaulted upstairs hosts 2 more en-suite bedrooms, guest room, open sitting/sleeping loft, & 3rd full bath. Downstairs: A magic kingdom with bunkroom, theater, wet bar, video & skee ball arcade, & patio room with mini-golf. Outside: 8-person Bluetooth Spa, Full Outdoor Kitchen, & Live Edge Veranda Dining silhouettes Hawk's Nest & Grandfather. Mtns, overlooking the valley & rare-species Japanese Maples. Handcrafted firepit and pond anchor the 45' waterfall. 1/3-acre above the waterfall provides play area & picnic ground.Owner runs a boutique rental property care company & would continue if desired.Final 2 photos show Rental Performance details.Proof provided under contract.

DAYS ON MARKET 25 LAST UPDATED 11/12/2021
TRACT None YEAR BUILT 2001
COMMUNITY 5-Watauga, Shawneehaw GARAGE SPACES 1.0
COUNTY Watauga STATUS Active
PROPERTY TYPE(S) Single Family

SCHOOLS
Elementary School Valle Crucis
High School Watauga


ADDITIONAL DETAILS
AIR Central Air, Heat Pump
AIR CONDITIONING Yes
APPLIANCES Convection Oven, Dishwasher, Double Oven, Dryer, Exhaust Fan, Freezer, Gas Cooktop, Gas Range, Microwave, Other, Refrigerator, See Remarks, Washer, Water Heater
AREA 5-Watauga, Shawneehaw
BASEMENT Finished, Full, Other, See Remarks, Yes
CONSTRUCTION Cedar, Wood Frame
EXTERIOR Fence, Fire Pit, Hot Tub/Spa, Outdoor Grill, Outdoor Kitchen, Paved Driveway, Storage
FIREPLACE Yes
GARAGE Basement, Carport, Driveway, Garage, One Car Garage, Paved, Private, Yes
HEAT Ductless, Electric, Fireplace(s), Forced Air, Gas, Heat Pump, Propane, Wood, Zoned
INTERIOR Home Theater, Jetted Tub, Tray Ceiling(s), Wet Bar
LOT 1 acre(s)
LOT DESCRIPTION Waterfall
SEWER Private Sewer
STORIES 3
STYLE Mountain
SUBDIVISION None
TAXES 2411
UTILITIES Cable Available,High Speed Internet Available
VIEW Yes
VIEW DESCRIPTION Mountain(s),Pasture,Trees/Woods,Southern Exposure
WATER Private,Well
WATERFRONT DESCRIPTION Creek,Stream
ZONING Residential
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

0
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Listed with Allen Tate Real Estate

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