Homes for sale - 96 Cascade Trail #21, Fancy Gap, VA 24328

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Brian Chapman

soldbychapman@gmail.com +1(423) 268-6575

$ 129,000

Est. payment | -/mo

1 Bed

1 Bath

810 SqFt

Save Virtual Tour

$ 129,000

Est. payment | -/mo

Save Virtual Tour

1 Bed

1 Bath

810 SqFt

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

Listed by BHHS- Mountain Sky Properties-Hillsville

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(423) 268-6575

soldbychapman@gmail.com

7121 Regal Ln Suite 215, Knoxville, TN, 37918, United States

96 Cascade Trail #21 Fancy Gap, VA 24328