516 & 537 Proffitt Rd & Johnson LN, Gatlinburg, TN 37738
516 & 537 Proffitt Rd & Johnson LN, Gatlinburg, TN 37738
516 & 537 Proffitt Rd & Johnson LN, Gatlinburg, TN 37738
516 & 537 Proffitt Rd & Johnson LN, Gatlinburg, TN 37738
516 & 537 Proffitt Rd & Johnson LN, Gatlinburg, TN 37738
516 & 537 Proffitt Rd & Johnson LN, Gatlinburg, TN 37738
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Priscilla Wilmoth

Priscilla Wilmoth

+1(865) 205-9299
Listed by Christopher Ball • Keller Williams Realty
$ 4,100,000
Est. payment | /mo

12 Beds

8 Baths

435 SqFt

Save
$ 4,100,000
Est. payment | /mo
Save

12 Beds

8 Baths

435 SqFt

Key Details

Property Type Other Types

Sub Type Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 435 sqft

Price per Sqft $9,425

MLS Listing ID 712450

Bedrooms 12

Full Baths 8

Year Built 2007

Annual Tax Amount $924

Lot Size 435 Sqft

Acres 0.01

Lot Dimensions 0.01

Property Sub-Type Townhouse

Source Lakeway Area Association of REALTORS®

Property Description

Seven doors. One closing. One area in Gatlinburg. And no HOA. Most investors spend a decade assembling what this portfolio hands you on day one. These properties include: 516 Proffitt Rd Townhomes 1 & 2, 520 Proffitt Rd Townhome 1, 537 Johnson Ln Townhomes 1 & 2, and 541 Johnson Ln Townhomes 1 & 2. Seven short term rental townhomes standing side by side in the Great Smoky Arts & Crafts Community, six miles from the most visited national park in America. Instead of relying on a single property to produce revenue, this portfolio gives you multiple income-producing units working at the same time. If one unit experiences a vacancy, the others can continue generating cash flow, helping create a more resilient and consistent revenue stream. Every unit renovated top to bottom in 2026. Every unit is fully furnished. Every unit is the same: 3 bedrooms, 2 baths, bonus room, roughly 1,500 sq ft, private hot tub, three private balconies opening into the trees with seasonal mountain views. Sleeps 8. This is not a projection on paper. These units are already live, already renting, already earning 5-star reviews, with projected gross revenue of $62,800 per unit and roughly $440,000 across the portfolio. Seven identical doors in one area means one cleaning crew, one maintenance vendor, one pricing strategy, one playbook. Scale without the chaos of scaling. The Smoky Mountain corridor at its highest demand. Walk into cash flow, not a project.

Location

State TN

County Sevier

Direction From downtown Gatlinburg, take 321 towards Cosby for approximately 3.9 miles. Turn left on Proffitt Rd. Turn right on Johnson Ln. and follow to unit on left.

Interior

Interior Features Ceiling Fan(s)

Heating Central

Cooling Ceiling Fan(s), Central Air

Fireplace No

Window Features Insulated Windows

Exterior

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Porch Rear Porch

Building

Lot Description Views, Wooded

Water Public

Structure Type Frame,Wood Siding

Others

Senior Community No

Tax ID 117E H 00501 000

NEARBY SCHOOL & BUSINESS

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Priscilla Wilmoth
Priscilla Wilmoth

Agent | License ID: 363202

+1(865) 205-9299

308 N PETERS RD., STE 225, Knoxville, TN 37922, USA

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516 & 537 Proffitt Rd & Johnson LN

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