Vacation Rental Investment
Special Purpose
for Sale
| Catylist Listing ID: |
30810513 |
| Building Size (RSF): |
4,960 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$1,200,000 |
| Ceiling: |
8 ft. |
| Property Use Type: |
Investment, Vacant/Owner-User |
| Sale Terms: |
Cash to Seller, Purchase Money Mortgage, Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
11/14/2022 |
Overview / Comments
|
Vacation Rental Investment! Amazing income potential for a company investment or as an owner/operator. Eight, stick-built, board & batten buildings with covered porches and metal roofs on one beautiful, wooded tract. Lots of privacy with 7.7 unrestricted, wooded, acres adjoining the Cherokee National Forest on three sides. Currently operates nine months a year as a vacation rental. Main house with 2bd/2.5 bath -2200 Sq ft. Workshop/furnished Apartment w/1bd/1ba - 1600 sq ft. One and one-half car garage and a one-car garage. Three (1 room) furnished Cabins with lofts, covered decks and porches. Each has mini-split and tank-less water heaters. Cabin#1 - 320 sq ft. Cabin#2 - 320 sq ft; Cabin#3 - 320 sqft. Housekeeping Bldg#4 - 300 sqft; Storage Bldg#5 - 300 Sq ft; Pavilion Bldg#6 - (xxx Square Feet. Two camping sites with water/electric, picnic tables and fire pits. Underground utilities. HVAC and Mini-splits. 1 Well and a spring house. Water treatment system. At bubbling Mooneyham Creek and Austin Branch with large backyard deck overhanging the creek-fed fish pond. Covered gazebo with swing. Access to National Forest walking trails. Paved drive and gravel road. Just over a mile to the French Broad River put-in/take-out. Close to Hot Springs, NC and Newport, TN (20 minutes). One-hour drive to Asheville or Gatlinburg
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Additional Details
| Nearest MSA: |
Newport |
| County: |
Cocke |
| Tax ID/APN: |
015060 00100 |
| Property Located Between: |
Newport and NC |
| Property Visibility: |
Good |
| Highway Access: |
highway 107 & 25/70 |
| Airports: |
McGhee Tyson Airport Knoxville, Morristown Regional Airport, Gatlinburg Pigeon Forge Airport, Ashville NC |
| Total Number of Buildings: |
9 |
| Number of Stories: |
15 |
| Year Built: |
1997 |
| Year Renovated: |
2020 |
| Roof Type: |
Other |
| Construction/Siding: |
Wood Siding |
| Exterior Description: |
Wood Siding |
| Parking Ratio: |
10 (per 1000 SF) |
| Parking Type: |
Other |
| Sprinklers: |
None |
| Heat Type: |
Electricity, Oil |
| Heat Source: |
Central, Heat Pump |
| Air Conditioning: |
Other |
| Internet Access: |
Fiber Optic |
| Interior Description: |
Classic Rustic with charm |
| Water Service: |
Well, Other |
| Sewer Type: |
Septic |
| Land Ownership: |
owner |
Demographic Statistics
| Proximity: |
5 miles |
| Total Population: |
1,736 |
| Median Age: |
47.01 |
| Households: |
735 |
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