Turn-Key 8-Unit Investment Opportunity on 15.57 Acres with Expansion Potential. Positioned within a quiet, well-maintained gated mountain community, this 15.57-acre property presents a unique opportunity to acquire an established 8-unit residential investment with additional value-add and development potential. The property consists of two separate four-unit condominium buildings, providing a total of eight spacious 2-bedroom, 2-bath units. Each residence features high ceilings, generous living spaces, a private deck, and beautiful short- and long-range mountain views. Upper-level residences are enhanced by dramatic cathedral ceilings, while the lower condominium building features private garage space designated for each residence. The property is turn-key and positioned for immediate operation, offering flexibility for short-term vacation rentals, long-term rentals, or a combination of rental strategies, subject to applicable restrictions and regulations. Its gated setting, peaceful atmosphere, mountain views, and private outdoor spaces create an attractive environment for both vacation and residential tenants. Beyond the existing eight units, the property offers additional upside. An existing building is already in place with the potential to be converted into an additional condominium or rental unit, creating an immediate value-add opportunity. With 15.57 acres in total and substantial acreage separating the existing improvements, there may also be potential for additional residential development and construction of future units, subject to zoning, infrastructure, permitting, community restrictions, and buyer due diligence. For an investor seeking a property that combines existing income-producing improvements, turn-key rental potential, multiple buildings, significant acreage, and a potential path for future expansion, this offering provides a compelling opportunity to acquire a scalable mountain rental asset in a private gated setting. Link to Youtube video: https://youtu.be/8iGzBXznAHw
Listed by: David Pinkerton, Pinkerton & Co. Realty Group Source: Carolina Smokies Association of Realtors
Property Overview
Added
Neighborhood
1 day ago
Garnet Ridge Preservation
Type
Status
Lot Size
Residential
Active
15.57 acres
County
Built
MLS#
Jackson
2007
26048541
Commute Time
Additional Details
Legal
Parcel Number
Deed/Plat Book
Deed/Plat Pages
7527666665
2328
1884
Property
Type
Subtype
Residential
Condominium multi family residential
Elevation
Zoning Spec
—
—
Utilities
Heating
Electric
Water
Sewer
Well, private
Septic tank
Community
Elementary School
Middle School
High School
—
—
—
Payment Estimator
Total Monthly Payment
$5,146
Monthly Interest
$174
% Down
% Principal
% Interest
$1,790,000.0
20% ($358,000)
3.5%
534 Preservation Trail
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