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For sale
  • Price cut: $9K (4/7)
    $129,000

    96 Cascade Trl #21, Fancy Gap, VA 24328

    1beds
    810sqft
    : 
    Condo/Town House, Cabin, Condominium
    Built in 1970
    -- sqft lot
    $124,000 Zestimate®
    $159/sqft
    $75/mo HOA

    What's special

    Mountain viewsPrivate side deckCorner unitNew flooringVersatile one-bedroom layoutUpdated plumbing
    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.
    44 days
    on Zillow
    |
    602
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    34
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    Zillow last checked: 7 hours ago

    Listing updated: April 17, 2025 at 12:48pm

    Listed by:

    Eden Carpenter 276-237-7440,

    BHHS- Mountain Sky Properties-Hillsville

    Source: SWVAR,MLS#: 98928MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 96 Cascade Trl #21.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 1
    Primary bedroom
    • Level: Main
    Bathroom
    • Level: Main
    Dining room
    • Level: Main
    Kitchen
    • Level: Main
    Living room
    • Level: Main
    Basement
    • Area: 0
    Heating
    • Electric, Forced Air
    Cooling
    • Electric, Wall/Window Unit(s)
    Appliances
    • Included: Microwave, Range/Oven, Refrigerator, Gas Water Heater
    • Laundry: Main Level
    Features
    • Ceiling Fan(s), Newer Paint, Wet Bar, High Speed Internet
    • Flooring: Newer Floor Covering
    • Windows: Single Pane, Window Treatments
    • Basement: None
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 810
    • Total interior livable area: 810 sqft
    • Finished area above ground: 810
    • Finished area below ground: 0
    Video & virtual tour

    Property

    Parking
    • Parking features: None
    Features
    • Stories: 1
    • Patio & porch: Open Deck, Porch Covered
    • Exterior features: Other, Mature Trees
    • Water view: None
    • Waterfront features: None
    Lot
    • Features: Cleared, Level
    Details
    • Parcel number: 129A1C21
    • Zoning: R

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Cabin
    • Property subtype: Condo/Town House, Cabin, Condominium
    Materials
    • Log, Wood Siding
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • Exterior Condition: Good,Interior Condition: Very Good
    • Year built: 1970

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Natural Gas Not Available

    Community & HOA

    Community
    • Subdivision: Cascade Mountain
    HOA
    • Has HOA: Yes
    • Services included: Maintenance Structure, Trash, Water
    • HOA fee: $75 monthly
    Location
    • Region: Fancy Gap

    Financial & listing details

    • Price per square foot: $159/sqft
    • Tax assessed value: $44,200
    • Annual tax amount: $260
    • Date on market: 3/13/2025
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