96 Cascade Trail #21 Active Save Request In-Person Tour Request Virtual Tour
Fancy Gap,VA 24328
Key Details
Property Type Condo, Townhouse
Sub Type Condo/Town House
Listing Status Active
Purchase Type For Sale
Square Footage 810 sqft
Price per Sqft $159
Subdivision Cascade Mountain
MLS Listing ID 98928
Style Cabin,Condo
Bedrooms 1
Full Baths 1
HOA Y/N 1
Year Built 1970
Tax Year 2024
Property Sub-Type Condo/Town House
Property Description
TURNKEY INVESTMENT OPPORTUNITY - Revenue-Generating Corner Unit at Cascade Mountain Resort! This recently updated corner condo delivers immediate cash flow with a reliable month-to-month tenant currently generating $800 monthly income. For savvy investors, the property offers impressive vacation rental potential of $29,000-$35,000 annually, making it an exceptional investment opportunity. The versatile one-bedroom layout can be easily converted to a two-bedroom configuration, maximizing rental appeal. Recent updates include new flooring, updated plumbing, and the convenience of in-unit washer/dryer hookups. As a premium corner unit, enjoy exclusive access to a private side deck perfect for mountain views and outdoor living. Ultra-low operating costs include a mere $75 monthly HOA fee covering water, trash, and laundry facilities. An optional $3,000 amenity lot purchase unlocks access to resort-style amenities including a new pool, modern clubhouse, extensive hiking trails, tennis courts, and a fishing pond. Ideally situated minutes from the Blue Ridge Parkway, Fancy Gap Music Center, and Mount Airy, NC, this property offers easy access to local wineries, hiking trails, and year-round attractions. The strategic location ensures strong rental demand in all seasons. This turn-key property presents multiple revenue strategies: continue with reliable long-term tenants, capitalize on the lucrative short-term rental market, or enjoy as a personal mountain retreat while generating income. With minimal operating costs, proven rental history, and strong income potential, this rare corner unit represents an exceptional investment opportunity in a growing tourist destination. Perfect for investors, vacation rental entrepreneurs, or those seeking a low-maintenance mountain property with income potential. Current rental income and location support strong ROI potential. Don't miss this opportunity to own a profitable mountain retreat with multiple revenue streams.
Location
State VA
County Blue Ridge Parkway
Area Carroll
Zoning R
Direction Take Highway 52 North to Fancy Gap Turn RIGHT onto RANGER RD Turn LEFT on PARKWAY, Turn RIGHT onto Lightning Ridge Rd Follow to Cascade Trail on the RIGHT. You will see the entrance to Condos on the RIGHT, Last condo on lower level with deck off the side. Unit 21 on the door.
Rooms
Basement Slab
Interior
Interior Features Built-in Features,Ceiling Fan(s),Newer Floor Covering,Newer Paint,Vinyl Plank Floors,Wet Bar
Hot Water Gas
Heating Electric,Forced Air
Cooling Electric,Wall/Window Unit
Fireplaces Type None
Equipment Microwave,Range/Oven,Refrigerator
Window Features Single Pane
Appliance Microwave,Range/Oven,Refrigerator
Heat Source Electric,Forced Air
Exterior
Exterior Feature Log,Wood Siding
Parking Features None
Waterfront Description None
View Mature Trees
Roof Type Shingle
Porch Open Deck,Porch Covered
Building
Lot Description Clear,Level
Building Description Log,Wood Siding, Cabin,Condo
Faces Take Highway 52 North to Fancy Gap Turn RIGHT onto RANGER RD Turn LEFT on PARKWAY, Turn RIGHT onto Lightning Ridge Rd Follow to Cascade Trail on the RIGHT. You will see the entrance to Condos on the RIGHT, Last condo on lower level with deck off the side. Unit 21 on the door.
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Log,Wood Siding
Schools
Elementary Schools Fancy Gap
Middle Schools Carroll County Intermediate
High Schools Carroll County
Others
SqFt Source Land Card
Virtual Tour https://tour.usamls.net/96-Cascade-Trail-21-Fancy-Gap-VA-24328/unbranded