Established Vacation Rentals Overlooking Lake Fontana--11% Cap Rate!
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Three homes with hot tubs--established since 2014
Investment Opportunity at 11% Cap Rate! The views and reviews from this established (10 years) will excite you as a savvy investor. Three fully furnished Short Term Vacation Rental Homes with hot tubs that have exclusive panoramic views of Fontana Lake and the Great Smoky Mountains National Park, located in Bryson City, NC. Come enjoy a peaceful sanctuary surrounded by untouched Nantahala National Forest. Guests love watching the eagles fly as they relax in the hot tubs. The views are truly unmatched. Delight in being remote enough to be immersed in nature, while having quick access, just 12 minutes to downtown, restaurants, and shopping. Lake access is just a 5 minute drive to a boat ramp and marina. This property is an hour west of Asheville, NC, 2 hours from Knoxville, TN, 3 hours north of Atlanta, GA, and only 4.5 hours to the coast of SC.
About the Business
- Years in Operation
- 12
- Employees
- 22 (2 Full-time, 5 Part-time, 15 Contractors)
Everyone is a 1099 employee/independent contractor - Facilities & Assets
- Public Remarks
Investment Opportunity at 11% Cap Rate! The views and reviews from this established (10 years) will excite you as a savvy investor. Three fully furnished Short Term Vacation Rental Homes with hot tubs that have exclusive panoramic views of Fontana Lake and the Great Smoky Mountains National Park, located in Bryson City, NC. Come enjoy a peaceful sanctuary surrounded by untouched Nantahala National Forest. Guests love watching the eagles fly as they relax in the hot tubs. The views are truly unmatched. Delight in being remote enough to be immersed in nature, while having quick access, just 12 minutes to downtown, restaurants, and shopping. Lake access is just a 5 minute drive to a boat ramp and marina. This property is an hour west of Asheville, NC, 2 hours from Knoxville, TN, 3 hours north of Atlanta, GA, and only 4.5 hours to the coast of SC. - Website
- https://www.fontanalakeandparkviewcabins.com
- Market Outlook / Competition
- Bryson City rentals are consistently occupied April-December. This is our prime tourist season. We were able to increase occupancy by following Price Labs recommendations starting in February this year.
- Opportunities for Growth
- There would be room to expand one of the two-bedroom cabins into three.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 2,072
About the Sale
- Seller Motivation
- Owner is moving to be closer to family.
- Transition Support
- We will assist with transfer of website, Airbnb and VRBO reservations
- Financing Options
- Cash, Commercial
Listing Info
- ID
- 2493572
- Listing Views
Business Location
Listing ID: 2493572 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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