Buy your dream mountain vacation home with rental income. Angel Loft is an established family getaway with solid earnings and great location. This charming A-frame cabin sits atop a promintory overlooking Coker Creek, the Cherokee National Forest, and the Unicoi Mountains, and features beautiful views, outdoor hot tub, decks, balconey, central air-conditioning, new well, comfortable furnishings, ceiling fans and much more. This property will easily pay for itself until you get ready to retire! The current owners have several properties in both Tennessee and Georgia and will pass on their expertise to the new owner for one year after purchase.
This part of SE Tennessee has been a largely undiscovered treasure, but that's starting to change. Prices are going up and there is a new Tellico River project that is selling half-million-dollar river condos, a golf course, new restuarants, shops and much more in Monroe County. All property owners in this area will prosper, and the property will pay for itself in the meantime.
- Rapid growth in area ensures appreciation of asset.
- Extensive renovations since 2002.
- Turn-key operation; immediate cash flow.
- Gross revenues from rentals of around $12-14k per year.*
- Priced at only $133,500*
- Established rental reputation and clientele.
- Large 1.5-acre private lot with more area to build.
- A-frame cabin/chalet with metal roof and newly-installed well.
- Fully-furnished with amenities like porch, balcony, BBQ picnic area, and more.
- Wireless DSL
- FREE online advertising and booking services for one year.
Coker Creek properties are currently on a track for rapid appreciation, and taxes are still very low. You will also have a good income from the property as a vacation rental and few problems since our local manager keeps it clean and maintained year-round. We will also provide ongoing consultations, and advertise and book your new property for FREE on our website for a full year after purchase.
USUAL DISCLAIMER: Depending on your purchase and financing options, payments and income will vary. Financing fees, intangibles tax, closing costs, and filing fees will total around 3%. All stated income figures are based on 2005-2006 receipts and will be part of the Owner's Disclosure upon request. This listing is priced at a normal and comparable value to other similar properties in the area, and Seller does not guarantee income or rental success to Buyer, who should exercise proper due diligence in all real estate purchases.