1233 Carrs Creek-Martin

Hospitality for Sale
Catylist Listing ID: 30814922
Property Subtypes: Recreation Cabins, Vacation Rental(s)
Number of Units: 3 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 8 Acres
Sale Price: $1,190,000
Unit Price: $396,666.67 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 13.0%
Last Updated: 1/29/2023

Overview / Comments

3 CABINS on 8 ACRES!!! Tremendous rental opportunity with a combined 10 rooms (that are used as bedrooms)! 3 separate cabins + additional basement apartment= 4 separate income producing areas with acreage and breathtaking views of the peaceful side of the smoky mountains! Plenty of parking area.
CABIN #1233-2 full bathrooms
CABIN #1235-1 full bathroom
CABIN #1237-2 full bathrooms & 1 full bathroom in basement apartment
Great custom craftsmanship made from materials right off the mountain! The warm welcome awaits of mountain views from porches, vaulted ceilings and the rustic charm. Projected rental income of $180K-$200K. With agreeable acceptable offer seller will give a $15,000 credit for buyers to dig own well. 30 mins from Pigeon Forge, Dollywood, Gatlinburg & Knoxville airport. A must see!!!

Additional Details

Nearest MSA: Knoxville
County: Blount
Tax ID/APN: 00508402201
Retail Clientele: General, Family, Traveler, Tourist, Recreation
Property Visibility: Good
Largest Nearby Street: Hwy 321
Highway Access: Hwy 321
Airports: Tyson-McGhee
Site Description: Wooded with open views of distant mountains. Very private
Area Description: Townsend is what is considered the peaceful side of the smokies, but yet convenient to area attractions
Nearby Attractions: Gatlinburg, Pigeon Forge, Dollywood and historic Maryville
Total Number of Buildings: 3
Property Condition: Good
Year Built: 1998
Roof Type: Gable
Construction/Siding: Wood Siding
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Satellite
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,778 7,092
Median Age: 49.41 49.45
Households: 777 3,050


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