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3 Standalone Units on 8.5 AC, Value-Add 1640-642 River Rd 3 Unit Apartment Building $2,093,880 CAD ($697,960 CAD/Unit) Hot Springs, NC 28743
INVESTMENT HIGHLIGHTS
- Just minutes away from Downtown Hot Springs The only town where the Appalachian Trail runs directly through a downtown district
- Conveniently located between two of the most popular sections of the French Broad River Section 9 take-out and Section 10 put-in
EXECUTIVE SUMMARY
Three standalone homes on +/- 8.5 acres along the French Broad River in scenic Hot Springs, North Carolina. Exceptional mountain views throughout the site. This offering presents a rare opportunity to acquire an active, established short-term rental investment operating at over 65% occupancy. Built by the current owner—a local licensed general contractor—each cabin-style home showcases exceptional craftsmanship and locally sourced lumber, creating a distinctive and durable mountain retreat experience.
The property benefits from city water service, existing site work, including a permitted septic on riverfront lot 1643, and R-A zoning that supports future expansion. With numerous additional build sites available, investors can unlock value-add potential through further development. Ideally located just minutes from
downtown Hot Springs, the Appalachian Trail, and surrounded by vast outdoor recreation opportunities.
The property benefits from city water service, existing site work, including a permitted septic on riverfront lot 1643, and R-A zoning that supports future expansion. With numerous additional build sites available, investors can unlock value-add potential through further development. Ideally located just minutes from
downtown Hot Springs, the Appalachian Trail, and surrounded by vast outdoor recreation opportunities.
PROPERTY FACTS
| Price | $2,093,880 CAD | Building Class | C |
| Price Per Unit | $697,960 CAD | Lot Size | 8.50 AC |
| Sale Type | Investment | Building Size | 3,696 SF |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2015 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R-A | ||
| Price | $2,093,880 CAD |
| Price Per Unit | $697,960 CAD |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 8.50 AC |
| Building Size | 3,696 SF |
| No. Stories | 1 |
| Year Built | 2015 |
| Opportunity Zone |
Yes |
| Zoning | R-A |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 3 | - | 960 - 1,392 |
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3 Standalone Units on 8.5 AC, Value-Add | 1640-642 River Rd
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