$4,500,000
Sevierville, TN 37862
MLS# 1258187
7 beds | 10578 sqft
1 / 60
Property Description
PRIME INVESTMENT OPPORTUNITY!! OWN YOUR OWN TURNKEY CABIN DEVELOPMENT SURROUNDED BY A RUSHING MOUNTAIN STREAM (COVE CREEK) WITH 5 LUXURY INCOME PRODUCING SHORT TERM RENTAL CABINS BEING SOLD FULLY FURNISHED SITTING ON 20.60 ACRES IN THE PIGEON FORGE, TN AREA WITH ROOM TO EXPAND AND BUILD ADDITIONAL CABINS! GROSS INCOME FOR 2021 WAS $374,989. Two additional build sites that had cabins ready to rebuild already have septic and potential of 8 additional build sites on the additional acreage! You can't beat this location only minutes to Pigeon Forge attractions, Dollywood, Gatlinburg, and the Smoky Mountains National Park. Easy access location NO STEEP ROADS and highly visible location. Fronts Wears Valley Rd. with its own private road into the development. Enjoy the picturesque setting and chance to develop and have a portfolio of approx. 15+ cabins! Nicely paved roads to access. The possibilities are endless- the sky is the limit! Must see! **Cabins are currently being rented on the overnight rental program as follows: 1BR, 3BR, 7BR, 4BR, and 3BR.***CHECK OUT THE VIDEO TOUR TO SEE THE PROPERTY BY DRONE!***
Details
Maps
Location, Tax & Legal Info
House #: 1940
Street Name: Wears Valley
St Suffix: Rd
State/Province: TN
Zip Code: 37862
Property Sub-Type: Residential
Area: Sevier County - 27
City/County Code: County
PIN #: 104 010.00
Subdivision: Quick Family Trust
Total Tax: 5166.68
Geo Lat: 35.771348
Geo Lon: -83.619131
Contract Info
Auction Y/N: No
Listing Price: 4500000
Current Price: $4,500,000
Status: Active
Listing Date: 2023-12-06
Cooperation Comp: 2
Compensation Type: %
Occupancy: Either
Gross Amount Year 1: 374989
Gross Amount Year 2: 330462
General Property Description
Type: 2 Story
Acres: 20.6
Acre Source: Tax Records
Site Built: Yes
Restrictions: No
SqFt - Total (Aprox): 10578
# Bedrooms: 7
Baths - Full: 13
Baths - 1/2: 3
Fireplace: Yes
# Fireplace: 1
Property Status: N/A
HOA: No
Year Built: 1968
Bonus Room: No
Remarks & Misc
Directions: In Pigeon Forge take Wears Valley Rd to property on R. See sign.
Public Remarks: PRIME INVESTMENT OPPORTUNITY!! OWN YOUR OWN TURNKEY CABIN DEVELOPMENT SURROUNDED BY A RUSHING MOUNTAIN STREAM (COVE CREEK) WITH 5 LUXURY INCOME PRODUCING SHORT TERM RENTAL CABINS BEING SOLD FULLY FURNISHED SITTING ON 20.60 ACRES IN THE PIGEON FORGE, TN AREA WITH ROOM TO EXPAND AND BUILD ADDITIONAL CABINS! GROSS INCOME FOR 2021 WAS $374,989. Two additional build sites that had cabins ready to rebuild already have septic and potential of 8 additional build sites on the additional acreage! You can't beat this location only minutes to Pigeon Forge attractions, Dollywood, Gatlinburg, and the Smoky Mountains National Park. Easy access location NO STEEP ROADS and highly visible location. Fronts Wears Valley Rd. with its own private road into the development. Enjoy the picturesque setting and chance to develop and have a portfolio of approx. 15+ cabins! Nicely paved roads to access. The possibilities are endless- the sky is the limit! Must see! **Cabins are currently being rented on the overnight rental program as follows: 1BR, 3BR, 7BR, 4BR, and 3BR.***CHECK OUT THE VIDEO TOUR TO SEE THE PROPERTY BY DRONE!***
Status Change Info
Status Change Date: 2024-04-04
Property Features
Atchd/Dtchd Type: Detached
Style: Cabin; Chalet; Log
Construction: Frame; Log
Siding: Log; Wood
Garage/Parking: Main Level
Basement: Finished; Walkout
Lot Description: Private; River; Wooded
View: Country Setting; Wooded; Other
Fireplace: Other
Floors: Carpet; Hardwood; Tile
Fuel: Electric; Propane
Heat: Central; Heat Pump
Cooling: Ceiling Fan(s); Central Cooling; Wall Cooling
Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Self Cleaning Oven; Smoke Detector; Washer
Sewer: Septic Tank
Water: Well
Misc Features: Cathedral Ceiling; Hot Tub; Pantry; Washer/Dryer Connect; Whirlpool Tub
Exterior Features: Deck; Porch - Covered
Outbuildings: Gazebo
Dining Area: Formal Dining Area; Kitchen/Dining Rm Co; Living Rm/Dining Rm
Showing: See Agent Instructns
New Financing: Cash; Conventional
Listing Office: Tennessee Elite Realty
Office Phone: 865-280-4922
Last Updated: April - 26 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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