Banner Elk, North Carolina is a beautiful area in the North Carolina mountains! This could be a good investment! The home is broken up into an upstairs unit and a downstairs unit, with separate entrances. Could live in one unit and rent out the other. The home was built in 1938. It is located in Banner Elk, North Carolina. Both units have been renovated. There is a screened in porch and a nice yard. The square footage of the house is 1,418 square feet, but due to the bottom unit having a separate entrance that cannot be included in the total. Three bedrooms, two bathrooms and 747 square feet. $299,000
Contact Karen Cleghorn with Blue Ridge Realty: 828-737-3100
From the Zillow listing:
INVESTOR PROPERTY!!!! PRICED TO SELL AT $299K. CHARMING FARM HOUSE RENOVATED IN 2019 located in BANNER ELK!! This home is definitely a MUST SEE. It is just minutes from Lees McRae College, downtown Banner Elk, Beech Mountain and Sugar Mountain! Both LONG & SHORT terms rentals are permitted! The home has upper and lower units and are being used separately with separate entrances. The main home has a covered porch with swing that overlooks the flat front yard with plenty of parking. In the Upper unit there are 2 bedrooms & 1 full bath, family room, dining room & gorgeous kitchen that opens up to the rear screened in porch which overlooks the large flowing creek & fire pit area. There is also a 9 x 13 closet off the master bedroom. The lower level (currently rented) has 1 bedroom/1 full bath, living room, dining room & renovated kitchen. The lower unit is rented on a month to month basis for $1200 per month. The upstairs unit could rent for $1,300-$1,500 a month. The square footage listed is for the upper level only due to the lower unit having separate entry access. The tax records list the home as being 1418 sq.ft. total.
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