Investment Cabin Development Sevierville

Multi-Family for Sale
Catylist Listing ID: 30287161
Number of Units: 4 Units
Building Size (RSF): 5,464 SF
Gross Building Area: See Agent
Gross Land Area: 8.55 Acres
Sale Price: $799,900
Unit Price: $199,975 Per Unit
Property Use Type: Investment
Building Name: 505, 507, 509, 511 Allensville Acres Cabin Development
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/8/2018

Overview / Comments

Now is your chance to own this unique development. Four cabins with a nice common area and 8.55 acres +/- with approx. 4 acres of undeveloped land. Two wells and two natural springs with creek. All this on a private setting just minutes to downtown Sevierville, Pigeon Forge and area attractions.

505 “Adels” Newly remodeled 2633 sq. ft. cabin home. With 3 beds 3.5 baths. No expense spared on this quality home. Wood floors throughout with a large open loft. Kitchen features granite counters, new appliances, two stove tops, range hood, breakfast nook with separate breakfast bar, and a large formal dining eating area. Tile floors in wet areas. The open living room area features a wood burning
fireplace with stone to the ceiling. Great open floor plan. Oversized master suite with beautiful tile work in master bath with jetted tub, walk in shower and his and hers vanities. Walk in closets throughout. Washer/Dryer closet. Covered porch with oversized partially covered back deck. Two car detached garage. Circular driveway. Private and peaceful setting.

507 “Jimbos” This 815 sq. ft. home features a 775 sq. ft. garage under home with approximately 12 foot ceiling which could be finished off to add additional living space. 1 bedroom 1 bath open circular floor plan. This home features a breakfast bar in kitchen with dining area. Nice three sided glass gas fireplace. Wood floors throughout. Vaulted
ceilings. Private covered porch.

509 “Woodys” A wonderful 2 bed 1.5 bath home on three levels with two decks facing a treed area for privacy.
All the features of the previous homes with a nice fireplace, open floor plan and lots of room to enjoy. Covered porch and enjoy the hot tub on the deck.

511 “Nana’s You will love this 1696 sq. ft. home with 2 bed and 2 full baths. Enjoy breakfast bar in kitchen with separate dining area. Master bath W/jetted tub, wet bar in LL. Vaulted ceilings, wood floors, open floor plan. See attachment for more information

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $2,418 (Annual)

Additional Details

Nearest MSA: Sevierville
County: Sevier
Taxing Authority: Sevier County
Tax ID/APN: 038 79.07
Zoning: RESIDENTIAL
Percent Occupied: 75%
Property Located Between: Pigeon Forge, Sevierville, Knoxville
Highway Access: County paved road to paved drive to gravel drive
Airports: McGee Tyson
Site Description: 4 cabins on about an acre each with an additional 4 plus acres of undeveloped land for expansion or camping area. Pavilion and common area in center of cabins.
Area Description: Located off Winfield Dunn Parkway (Hwy 66) in Sevier County. The county receives an estimated 11-13 million visitors a year. Close to area attractions including Dollywood and the great Smoky Mountains but a quick shot down Hwy 66 to Knoxville opens the overnight rental possibility for UT games, etc.
Total Number of Buildings: 5
Property Condition: Excellent
Number of Stories: 3
Year Built: 2004
Year Renovated: 2018
Roof Type: Arched
Construction/Siding: Wood Frame
Exterior Description: Each cabin is different so see attachment for breakdown.
Parking Type: Surface, Other
Parking Description: There is parking in garages, on surface beside, behind or in front of the cabins.
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit
Interior Description: 505 is completely remodeled from top to bottom. Gorgeous. The other three cabins are in very good condition. There is also a trailer on the property that sits on a fifth home pad.
Zoning Description: Residential
Water Service: Well
Sewer Type: Septic
Easements: Other
Easements Description: Typical subdivision
Land Ownership: Fee Simple
Legal Description: Two tax parcels 038 079.07 one under 505 and the second under 509

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 12,805 30,334
Median Age: 41.15 39.7
Households: 5,350 11,953

Contact

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