For Sale, USD 129,000
96 Cascade Trail #21, Fancy Gap VA 24328, Fancy Gap, Virginia, United States
Property Type : Condo
Property Style : N/A
Build Size : 810 ft² / 75 m²
Land Size : N/A
Bedroom : 1
Bathroom : 1
Half Bathroom : 0
MLS#: N/A
Property Description
TURNKEY INVESTMENT OPPORTUNITY - Revenue-Generating Corner Unit at Cascade Mountain Resort! This recently updated corner condo delivers immediate cash flow with a reliable month-to-month tenant currently generating $800 monthly income. For savvy investors, the property offers impressive vacation rental potential of $29,000-$35,000 annually, making it an exceptional investment opportunity. The versatile one-bedroom layout can be easily converted to a two-bedroom configuration, maximizing rental appeal. Recent updates include new flooring, updated plumbing, and the convenience of in-unit washer/dryer hookups. As a premium corner unit, enjoy exclusive access to a private side deck perfect for mountain views and outdoor living. Ultra-low operating costs include a mere $75 monthly HOA fee covering water, trash, and laundry facilities. An optional $3,000 amenity lot purchase unlocks access to resort-style amenities including a new pool, modern clubhouse, extensive hiking trails, tennis courts, and a fishing pond. Ideally situated minutes from the Blue Ridge Parkway, Fancy Gap Music Center, and Mount Airy, NC, this property offers easy access to local wineries, hiking trails, and year-round attractions. The strategic location ensures strong rental demand in all seasons. This turn-key property presents multiple revenue strategies: continue with reliable long-term tenants, capitalize on the lucrative short-term rental market, or enjoy as a personal mountain retreat while generating income. With minimal operating costs, proven rental history, and strong income potential, this rare corner unit represents an exceptional investment opportunity in a growing tourist destination. Perfect for investors, vacation rental entrepreneurs, or those seeking a low-maintenance mountain property with income potential. Current rental income and location support strong ROI potential. Don't miss this opportunity to own a profitable mountain retreat with multiple revenue streams.
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96 Cascade Trail #21, Fancy Gap VA 24328, United States,Virginia,Fancy Gap is a 810ft² Fancy Gap luxury Condo listed for sale USD 129,000. This high end Fancy Gap Condo is comprised of 1 bedrooms and 1 baths. Find more luxury properties in Fancy Gap or search for luxury properties for sale in Fancy Gap.