$995,000
$995,000
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6 Beds
5 Baths
3,080 SqFt
SOLD DATE : 06/01/2021
Key Details
Sold Price $995,000
Property Type Single Family Home
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Square Footage 3,080 sqft
Price per Sqft $323
Subdivision Lafollette Addn No 1 Rev
MLS Listing ID 1140178
Style Cabin
Bedrooms 6
Full Baths 5
Year Built 1965
Lot Size 0.310 Acres
Property Sub-Type Residential
Property Description
Unique one of a kind property in the heart of downtown Pigeon Forge. Zoned as commercial C2, this presents an excellent investment opportunity in the current market. Projected annual rental revenue of $120,000-$130,000. There simply is no other cabin located in the heart of Pigeon Forge within walking distance to The Island and surrounding attractions of the Parkway, let alone one that offers these amenities - Amazing new outdoor area with a new swim spa, outdoor fireplace on a large deck, theater room, hot tub and game room. All of this with no winding or steep roads, an abundance of level parking, and 2 Master Bedroom Suites on the main level.
Projected Cap Rate of 8 to 8.7% from credible, high producing cabin property management company.
Location
State TN
County Sevier County - 27
Area 0.31
Rooms
Family Room Yes
Other Rooms Basement Rec Room, LaundryUtility, Extra Storage, Great Room, Family Room, Mstr Bedroom Main Level
Interior
Heating Central, Heat Pump, Natural Gas, Electric
Cooling Central Cooling
Flooring Carpet, Tile
Fireplaces Number 1
Fireplaces Type Gas, Stone, Insert, Gas Log
Laundry true
Exterior
Exterior Feature Porch - Covered, Porch - Screened, Deck, Doors - Storm
Parking Features RV Parking, Main Level, Off-Street Parking
Garage Description RV Parking, Main Level, Off-Street Parking
View Mountain View, City
Building
Lot Description Cul-De-Sac, Private
Sewer Public Sewer
Water Public
Structure Type Log,Block,Frame
Others
Acceptable Financing FHA, Cash, Conventional
Listing Terms FHA, Cash, Conventional
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Agent | License ID: 363202
priscilla@priscillawilmoth.com
308 N PETERS RD., STE 225, Knoxville, TN, 37922, USA