1076 Overlook Drive
Rileyville, VA 22650
- 2 beds
- 2 baths
- 1,080 sqft
- ~3 acre lot
- $2,313 per sqft
- 2015 build
- – on site
Breathtaking Views & Superb Cash-Flow! This turnkey Blue Ridge Mountain Short-Term Rental Portfolio includes a RARE collection of SEVEN cash-flowing Cabins! All within a ¼ mile stretch at the top of a scenic mountain backing up to Shenandoah National Park; each cabin showcasing panoramic Shenandoah Valley vistas that keep guests booking year-round! $450,000+ annual revenue and $300,000+ NET Operating Income! Established rental portfolio website included. Great opportunity to self-manage; or enroll professional management to just send you the mailbox money. Cabins range from cozy 1-bedroom havens to spacious multi-bedroom retreats, all expertly positioned to maximize views and privacy. Located less than 2 hours from Washington DC and AND Richmond, these cabins serve a thriving vacation market with proven demand. Exceptional features include hiking trails, proximity to Skyline Drive, and easy access to the Shenandoah River and Luray Caverns. This portfolio presents a unique opportunity to acquire an established, high-performing STR business with immediate cash flow in one of Virginia's most desirable vacation destinations. Two additional new cabins coming in 2025 offer built-in expansion potential! Don't miss this opportunity to own your own Mountain Paradise … a premium STR portfolio with proven financials and exceptional growth potential! Excellent 1031 Acquisition. Offering Memorandum with individual cabin details, including financials, available upon request.
Last checked:
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Last updated Jan 27, 2025
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MLS# 2432280 —
This home is listed in more than one place. See it here.
The Building
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Year Built:2015
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Year Built Details:Actual
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New Construction:false
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Construction Materials:Drywall,Frame,VinylSiding,WoodSiding
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Architectural Style:Bungalow,Cottage
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Roof:Composition,Shingle
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Exterior Features:Deck,HotTubSpa,Porch
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Stories Total:1
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Stories:1
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Levels:One
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Basement:Full
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Basement:false
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Patio And Porch Features:RearPorch,Deck,Porch
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Building Area Source:Owner
Interior
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Flooring:Wood
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Rooms Total:6
Room Dimensions
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Living Area:1080.0
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Living Area Source:Owner
Financial & Terms
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Possession:CloseOfEscrow
The Property
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Parcel Number:17-3-86
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Property Type:Residential
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Property Subtype:SingleFamilyResidence
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Property Subtype Additional:SingleFamilyResidence
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Property Condition:Resale
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Property Attached:false
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Lot Features:Wooded
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Lot Size Acres:3.21
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Lot Size Area:3.21
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Lot Size Units:Acres
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Fencing:None
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (804) 338-6060
- Office phone:
- (855) 450-0442
Taxes
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Tax Year:2024
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Tax Lot:86
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Tax Annual Amount:1533.74
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Tax Assessed Value:210100
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Tax Legal Description:SEE ATTACHED
Beds
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Bedrooms Total:2
Baths
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Total Baths:2
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Full Baths:2
Heating & Cooling
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Cooling:HeatPump
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Cooling:true
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Heating:Electric,HeatPump
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Heating:true
Utilities
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Sewer:SepticTank
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Water Source:Well
Schools
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Elementary School:Springfield
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Middle Or Junior School:Luray
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High School:Luray
The Community
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Subdivision Name:None
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Pool Features:None
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Spa:true
Parking
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Garage:false
Monthly cost estimate
Asking price
$2,499,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$13,381
|
| Taxes | $127 |
| Insurance | $687 |
| Utilities | $101 See report |
| Total | $14,296/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/27/24
Dec 27, 2024
|
Listed / Active | CVRMLS | $2,499,000 |
