Updated over 5 years ago on .
6 Unit Turnkey STRs for sale in Asheville, NC
We are offering a recently renovated, turnkey short-term rental package. These 6 individually deeded units are located just outside of the city limits in Asheville, NC. STR regulations inside the city don't allow for whole house STRs, therefore, this location is perfect to capture the Asheville demand.
The package includes two 3/2 SFHs, and four 2/2 condos. All of these properties are in the same neighborhood, allowing for great economies of scale.
These are turnkey units, already furnished and listed on multiple platforms including Airbnb, VRBO, HomeAway and Expedia. Management is in place and willing to continue managing. See some of the listings here:
Net income is expected to be $134,000 in 2020. The two SFHs are seasoned and have been performing incredibly over the past 2 years. The four condos are recently renovated, but have had incredible reception and income in the slow winter months already. Package offered at $1,850,000 - Will only sell as a package deal.
This portfolio would be a perfect opportunity for someone looking to do a 1031 exchange, gaining exposure to the booming area of Asheville, NC, while also enjoying a great cap rate of around 8%.
