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.
For sale
Price cut: $9K (4/7)
$129,000
96 Cascade Trl #21, Fancy Gap, VA 24328
1beds
810sqft
Est.:
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
- 44 days
- on Zillow |
- 602 |
- 34 |
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#: 98928

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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
- Loading
- Loading