1640-642 River Rd - Apartments FOR SALE


Hot Springs, NC 28743
$1,500,000 USD
828-519-6066
1640-642 River Rd, Hot Springs, NC for Sale
$1,500,000 USD
Apartments - FOR SALE
1/44
null | Request Cap Rate

1640-642 River Rd
Hot Springs, NC 28743


HIGHLIGHTS

  • Just minutes away from Downtown Hot Springs The only town where the Appalachian Trail runs directly through a downtown district
  • Conveniently located between two of the most popular sections of the French Broad River Section 9 take-out and Section 10 put-in

OVERVIEW

Three standalone homes on +/- 8.5 acres along the French Broad River in scenic Hot Springs, North Carolina. Exceptional mountain views throughout the site. This offering presents a rare opportunity to acquire an active, established short-term rental investment operating at over 65% occupancy. Built by the current owner—a local licensed general contractor—each cabin-style home showcases exceptional craftsmanship and locally sourced lumber, creating a distinctive and durable mountain retreat experience. The property benefits from city water service, existing site work, including a permitted septic on riverfront lot 1643, and R-A zoning that supports future expansion. With numerous additional build sites available, investors can unlock value-add potential through further development. Ideally located just minutes from downtown Hot Springs, the Appalachian Trail, and surrounded by vast outdoor recreation opportunities.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$406 USD /SF

# OF UNITS

3

PRICE/UNIT

$500,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3 Standalone Units on 8.5 AC, Value-Add

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.5 AC

LAND SF

370,260 SF

ZONING

R-A

APN/PARCEL ID

8860-26-6391

ASK ABOUT THIS PROPERTY

Adam SkoogLGR CommercialMore Info
828-519-6066

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Adam SkoogLGR CommercialMore Info
828-519-6066

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.