96 Cascade Trail #21,Fancy Gap, VA 24328
Fancy Gap, VA 24328
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.
Details
| MLS# | 98928 |
|---|---|
| Listing Type | For Sale |
| HOA Dues | $75 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1970 |
| Days On Site | 44 |
| Listing Provided By | BHHS- Mountain Sky Properties-Hillsville | Eden Carpenter |
Features
| Bed(s) | 1 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 810 |
| Story(s) | 1 |
| Zoning | R |
| Water Front | Yes |
Request a showing
Request a showing
Contact
Learn More About This Property
| State | VA |
|---|---|
| County | Carroll |
| City | Fancy Gap |
| Zip Code | 24328 |
| Area | Blue Ridge Parkway |
| Community Name | Cascade Mountain |
| School District | Carroll County |
| Elementary School | Fancy Gap |
| Middle School | Carroll County Intermediate |
| High School | Carroll County |
| Listing VS Median (in Cascade Mountain) | |
Price: $129,000 low | high Med: $337,450 SqFt: 810 low | high Med: 1,563 $ / SqFt: $159 low | high Med: $241 On site: 44 low | high Med: 212.500000 | |
Equal housing opportunity. An equal opportunity company.
Some or all of the listings on this page may not belong to Town and Country Real Estate.
Each office is independantly owned and operated.
