40 Chatuge Lane, Hayesville NC 28904

$2,399,000
Est. $8,003/mo
Beds
Baths
8,721
SqFt

Unrestricted 5.39 Acres Overlooking Lake Chatuge – Income-Producing Gem! Endless potential and breathtaking views await! Perched above beautiful Lake Chatuge with stunning mountain vistas, this 5.39-acre unrestricted property offers lake access and a rare investment opportunity. Whether you're expanding a hospitality portfolio or launching your next venture, the options here are wide open.The property features a well-maintained 20-room motel, all recently renovated and tastefully decorated. Accommodations include:3 rooms with King beds 17 rooms with two Queen beds which 3 rooms are pet-friendly. with stylish luxury vinyl flooring. A spacious 1 bed / 1 bath apartment ideal for on-site management or additional rental income. Each room is thoughtfully appointed with updated bathrooms, new flooring, a desk, microwave, coffee maker, and sofa—perfect for a comfortable guest stay.But that's not all—two mobile homes on-site generate $1,600/month in rental income, and the expansive grounds offer plenty of space to add more tiny homes or mobile units for additional revenue streams. This is once in a life time opportunity in one of the most scenic locations in the region.

Listed by:
Evelyn S. Owens, Keller Williams Realty Of Franklin
Source: Carolina Smokies Association of Realtors

Property Overview

Added Neighborhood
About 1 month ago
Type Status Lot Size
Commercial sale Active 5.39 acres
County Built MLS#
Clay 1993 26041558

Commute Time


Additional Details

Legal
Property
Utilities
Community

Payment Estimator

Total Monthly Payment
$6,897
Monthly Interest
$233
% Down
% Principal
% Interest
$2,399,000.0
20% ($479,800)
3.5%
40 Chatuge Lane
40 Chatuge Lane

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