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Lot 39 Bear Ridge Drive
Butler, TN 37640
Asking Price
$211K
Asset Type
Residential Land
Class
Class B
What's Special
1.83 Acres Near Watauga Lake with DEEDED Boat Slip in Gated Community <p>• 1.83-acre homesite in a gated Watauga Lake community</p><p>• Includes a deeded boat slip at Watauga Falls Marina</p><p>• Rare opportunity for guaranteed lake access without lakefront pricing</p><p>• Minutes from Watauga Lake, boating, fishing, and outdoor recreation</p><p>• Suitable for full-time residence, vacation home, or investment property</p><p>• Sailboat-friendly lake access</p><p>• Located near Cherokee National Forest and mountain recreation areas</p><p>• Utilities and community in
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NOI
$80,000
Cap Rate
37.91%
DSCR
6.39
Strong
Cash-on-Cash
106.59%
Monthly Payment
$1,043.913
Annual Cash Flow
$67,473.046
