10 Gardening Frog Trail in Waynesville, NC 28785
Recently Appraised at $853,000! This gorgeous 2.14 ac long-est $-producing prop is an investor's dream & also perfect for your Summer/yr-round home! Since 2007, 2 of the rentals have been Premier Host/Superhost on VRBO/AIRBNB. The 3rd rental is month to month & rents for $1,200-$1,500 month. Long term trained staff. There is a crk the length of the parcel, multi ponds/waterfall w/ Goldfish/Koi; chickens, breathtaking views & pro landscaping, organic veggie gardens ready to plant, heirloom orchard + nuts, berries, figs & more! Chem-free filtered H2O is supplied to the whole parcel, + Netafin irrigation sys in the gardens. Attached greenhouse produces organic food yr-round. NOI approximately $92k in 2020 & 2021 and can easily reach $120k + NOI a yr. Cap Rate: 12.5%. Seller able to include a consulting package for easy transition. Included:Rental furnishings/supplies, grounds tools/eqpt, mower, golf cart. Chickens lay eggs for everyone. 1 BR installed septic for adding of a 4th rental.
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Directions: From Asheville: I-40 West to Exit 24, Left on Rt. 209 about 1/4 mile to right on Ironduff Road, 1 mile to Left on Tommy Boyd Road to yellow house.
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- High School: Tuscola
- Middle School: Waynesville
- Elementary School: Riverbend
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