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

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

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Demographic Statistics

Proximity: 5 miles
Total Population: 1,736
Median Age: 47.01
Households: 735


Photograph of Listing Agent

Leandra Lorber

eXp Realty, LLC KAAR CIE Member
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