3 Story Rental Cabin W/Pool Pigeon Forge

Hospitality for Sale
Catylist Listing ID: 30613986
Property Subtypes: Vacation Rental(s)
Number of Units: 1 Units
Building Size (RSF): 3,690 SF
Gross Building Area: See Agent
Sale Price: $825,000
Unit Price: $825,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Over The Top
Name of Establishment: Grand View Resort
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/10/2020

Overview / Comments

Fantastic income potential with this 4 bedroom 4.5 bath vacation home with its own swimming pool. Located minutes to Pigeon Forge, area attractions and the Great Smoky Mountains. Gorgeous cabin with three full floors of living area. Master suite with walk in shower on main level with oversized living and dining area featuring a fireplace in living room. Granite counters and stainless appliances in kitchen with breakfast bar. Dining area can easily seat 8-10 people with views of the mountains. The lower level offers two king bedrooms and baths with a laundry area and black light shuffle board/rec room area. Go down one more level to your own private swimming pool and hot tub area. The top level features a huge game room with foldout couch, a dining area, foosball, pool and a full sized ate of the art theater room. Also find another bedroom with bunk beds and full bath with tub. Decks with incredible views on every level! Top quality furnishings as well as everything mentioned are included with this sale. Similar cabins have grossed $130,000 a year in income. Don't miss this opportunity. Buyer to verify all information. Located in Grand View Resort behind Zipline. HOA $154 a month covers community well and septic.

Attachments & Media

Financials

Finance Data Year 2020
Potential Rental Income $130,000 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Sevierville
County: Sevier
Taxing Authority: Sevier County
Tax ID/APN: 060 134.00
Zoning: RESIDENTIAL
Retail Clientele: General, Family, Traveler, Tourist, Recreation
Property Located Between: Sevierville and Pigeon Forge
Property Visibility: Excellent
Largest Nearby Street: Matthews Hollow
Airports: McGee Tyson
Site Description: Mountain View Cabin located in cabin development area. High tourist area for overnight rentals.
Area Description: Located in the Sevierville, Pigeon Forge area close to area attractions. including Dollywood, Ripley's Aquarium and the Great Smoky Mountains.
Nearby Attractions: Dollywood, Ripley's Aquarium and the Great Smoky Mountains. Several dinner theaters and attractions. 30-40 minutes from Douglass Lake. Zipline in front of subdivision offers discounts to homes in subdivision.
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Excellent
Year Built: 2019
Construction/Siding: Wood Frame
Water Recreation: Indoor Pool, Hot Tub
Exterior Description: Recently completed cabin vacation rental. Everything brand new just finished the end of 2019.
Total Parking Spaces: 6
Parking Type: Surface
Parking Description: Parking in front of cabin
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central, Heat Pump
Air Conditioning: Package Unit
Interior Description: Custom built three story cabin with so much to offer. Great vacation rental with tremendous mountain views from each of the three decks.
Zoning Description: Residential
Part of Planned Development?: Yes
Lot Frontage: PUD
Water Service: Other
Sewer Type: Other
Easements Description: Typical subdivison
Legal Description: 060 134.00 lot 21

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,924 29,913
Median Age: 37.63 39.46
Households: 3,152 11,726

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