354 Ivy Ridge Cir
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354 Ivy Ridge Cir
3 Unit Apartment Building Offered at $1,099,000 in Sylva, NC 28779
Executive Summary
This mountain estate includes 2 homes and a guest house in the sought-after Ivy Ridge neighborhood, on 2+ acres with stunning year-round sunset views. All 3 dwellings are very well maintained & updated, including a wood-sided, 3/2 updated owner’s residence. The other two homes include a cozy guest house renovated in 2017 and a spacious 1/1 modern farmhouse cabin built in 2019 with Hardie-board exterior. Both homes have excellent rental histories earning nearly $100k combined & are in the top 1% of Airbnb homes. The guest house & cabin are turnkey including supplies, linens, housewares, ATV with plow, social media, website, & photos. All 3 have decks for grilling, dining & soaking in the amazing view. Many VERSATILE uses include converting the main home to a rental. Or live in it & host your family next door. Two-car garage & lots of storage. The 1/1 cabin is permitted for a 2 BR, as a potential add-on. The homes are on a shared well. The main house roof & HVAC were recently replaced. All homes have newer tankless water heaters. With mountain views, strong rental history, and recent updates, this property is an excellent opportunity for those seeking solitude with an income stream.
Property Facts
| Price | $1,099,000 | Lot Size | 2.19 AC |
| Price Per Unit | $366,333 | Building Size | 2,562 SF |
| Sale Type | Investment | No. Stories | 1 |
| No. Units | 3 | Year Built | 2019 |
| Property Type | Multifamily |
| Price | $1,099,000 |
| Price Per Unit | $366,333 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Lot Size | 2.19 AC |
| Building Size | 2,562 SF |
| No. Stories | 1 |
| Year Built | 2019 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | 1,462 |
| 1+1 | 1 | - | 800 |
| Studios | 1 | - | 300 |
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354 Ivy Ridge Cir
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