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$925,000

Beds
5
Baths
5.0
sq ft
Unknown

2784 Pea Ridge Road, Mill Spring, NC 28756

2784 Pea Ridge Road

Mill Spring, SC 28756

  • 99 days on market
    • Price drop $25,000↓
**Exceptional Investment Opportunity Near TIEC!** Welcome to this unique income-generating property, ideally located just minutes from the renowned Tryon International Equestrian Center (TIEC). This offering includes **two charming, 5-star-rated cottages** that have been successfully operating as a high-demand Airbnb business, **conveying fully with the sale**. Enjoy immediate income potential with **bookings already secured well into 2025**! This investment opportunity provides **an impressive yearly return of approximately 10%**, making it both a wise financial choice and a fantastic lifestyle option. Each cottage has been thoughtfully designed to maximize guest comfort and privacy, earning glowing reviews from visitors. The cottages are nestled in a peaceful setting, offering guests an inviting escape, yet only moments from world-class equestrian events, dining, and entertainment at TIEC. Don’t miss out on this **turnkey investment with substantial income potential** and the benefit of a proven rental history!

Details

Property type

Mixed Use

Est. home value

$718,903

Lot size

1.00 acres

Price per sq ft

Unknown

Year built

Unknown

Annual property taxes

$2,246

Price History

10/27/2024
GreenvilleSC

GreenvilleSC #1537618

Price change
$925,000
-2.63%
09/14/2024
GreenvilleSC

GreenvilleSC #1537618

Listed
$950,000
+726.09%
11/18/2016
CanopyMLS

CanopyMLS #3156198

Sold
$115,000

Schools & Community

Elementary school: 

Other

Middle school: 

Other

High school: 

Other

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

State Employees Cu

Loan start date

October 2013

Original loan amount

$86,400

Est. remaining balance

Not provided

Interest rate

3.24%

Loan type

Credit Line (Revolving)

Seller

Paula P Buchanan and Sharian S Price

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/23/2024 at 7:10 AM

Listing updated: 10/27/2024 at 7:58 PM

Listed by: Betina Conway, Blackstream International RE

MLS: GreenvilleSC #1537618

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