USATNRoan MountainNot in Subdivision8703 Highway 19 E

8703 Highway 19 E, Roan Mountain, TN

Name: 8703 Highway 19 E, For Sale in Roan Mountain - Zoocasa
Brand: KW Johnson City
SKU: 9989264
Price: 1700000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$1,700,000

000

MLS® 9989264

Key Facts
Description
Map

Key Facts

Type Other

Levels Commercial Sale

Size 12480 sqft

Garage No

Maintenance Fees

Taxes

Days Active 0

Approx. Age 1996

Avg. Price Per Sqft $136

MLS® Number 9989264

Property Address: 8703 Highway 19 E, Roan Mountain, TN, 37687-3375

Average square foot calculated using Size range provided by listing agent.

Description

Turnkey rental portfolio in Roan Mountain featuring 5 buildings making up 12 units across Hwy 19E and the Eddie Lane cluster, delivering 100% occupancy and consistent cash flow. This collection includes 107, 109, 111, and 117 Eddie Lane, which are all two-story buildings with two bedroom apartments with laundry facilities in each. About 800+ sq ft each. Tenants pay utilities. Income average is $1, 030.00 = $8, 240 per month. The 5th building is 8703 Hwy 19E, which is the single story building with 4 three-bedroom apartments also with their own laundry facilities. Tenants pay utilities. Average income $1, 285.00 = $4, 980 per month. Total Income for the property is $158, 640 per year. Expenses include Taxes ($6000), Insurance ($6500), Garbage ($2200), CapEx upgrades ($5000) Total. $19, 000 Net profit $139, 640. Currently owner manages property. So add Property Management Fees of 8% ($12, 000) to Expenses for NOI of $128, 000, which equates to a 7.5% cap rate. The portfolio offers steady rents, a proven tenant base, and practical layouts that minimize turnover and maintenance costs. Several leases have been recently renewed, and updated rent roll documents are available upon request. Roan Mountain remains an undersupplied rental market with strong year-round demand from local workforce tenants, proximity to outdoor recreation, and limited competing inventory. These properties sit minutes from Highway 19E, grocery, schools, and employers, reducing vacancy exposure and improving operational efficiency. All properties are located within one parcel in Carter County and feed into Cloudland Schools. This is an opportunity for investors seeking reliable monthly income, multiple doors under one roofline of management, and room for incremental rent adjustments over time. Financials, rent roll, and lease copies available. Located in a FEMA-designated flood zone, this multifamily investment currently carries an active flood insurance policy, providing buyer confidence and compliance with lender requirements. Prospective purchasers should be aware that flood insurance premium costs are a factor in the operating budget and may vary based on lender requirements, coverage level, and future flood zone map changes. Buyers are encouraged to consult with their insurance agent and lender regarding flood insurance costs, coverage options, and any necessary updates or elevation certificates. Buyer and Buyer Agent to Verify Information.

MLS® Number9989264

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1996

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Similar Listings

Price History

-End Date

Not Sold YetSold Price

For Sale

Dec 15, 2025List Date

$1,700,000List Price

Commute

Commute

Starting Address

Destination Address

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