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1935 Livingston Way , #1, #2, #3, #4,

Sevierville, TN 37876
  • $2,700,000
  • STATUS: Active
  • ON SITE: 86 days
  • ID#: 242313
UPDATED: 45 min ago
$2,700,000
  • 0
    BEDS
  • 13.7
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,638
    SQFT
  • $479
    $/SQFT
Neighborhood:
N/A
Type:
Commercial
Built:
1994
County:
Area:

School Ratings & Info

Listing courtesy of Smokies Investors Real Estate & Auc.


Description

8 Cabins on 13 Acres right off the Spur/Parkway with possible 5 to 8 extra building lots. Own a Mountain in the Smokies and create your own retreat! Build a pool amenity with game room & putt putt golf and guest will love it. Five 1 bedroom/1 bath, One Studio, One 2 bedroom/1 bath, and One 2 bedroom/2bath cabins. All cabins have fire pits and Five cabins have magnificent views. If you are looking to self manage, this is a winner. Current owner would be willing to work with new purchaser to teach and take over website. The seller has mastered renting in the Smokies and is willing to share. All cabins need to be cleaned and stained, change out some carpet, updating of furnishings, and smart TV's. Location is the key to the success! Rate of Return at current income is 10.19%. Improve properties and add more cabins to property and watch the income. Yearly /Expenses: Advertising $21,122, Insurance $4,902, Repairs & Maintenance $6,524, Supplies $953, Taxes $3,881, TV/Internet/Utilities $20,240, Pest/Security/Road Maintenance $6,125. Net income of $285,227 for 2020. Water tower supplies all water to all 8 cabins. 13 acres are on two parcels.

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Copyright 2021 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Prime Mountain Properties. Information deemed reliable but not guaranteed. Last updated 2021-08-01T09:15:36.773.
www.smokymtnhomeinfo.com/homes/116846355
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1935 Livingston Way , #1, #2, #3, #4, Sevierville, TN 37876

  • Price: $2,700,000
  • Status: Active
  • Updated: 45 min ago
  • ID#: 242313
0
Beds
0
Baths
0
½ Baths
13.7
Acres
5,638
SQFT
$479
$/SQFT
1994
Built
Neighborhood:
N/A
County:
Sevier
Area:
Pigeon Forge
Property Description
8 Cabins on 13 Acres right off the Spur/Parkway with possible 5 to 8 extra building lots. Own a Mountain in the Smokies and create your own retreat! Build a pool amenity with game room & putt putt golf and guest will love it. Five 1 bedroom/1 bath, One Studio, One 2 bedroom/1 bath, and One 2 bedroom/2bath cabins. All cabins have fire pits and Five cabins have magnificent views. If you are looking to self manage, this is a winner. Current owner would be willing to work with new purchaser to teach and take over website. The seller has mastered renting in the Smokies and is willing to share. All cabins need to be cleaned and stained, change out some carpet, updating of furnishings, and smart TV's. Location is the key to the success! Rate of Return at current income is 10.19%. Improve properties and add more cabins to property and watch the income. Yearly /Expenses: Advertising $21,122, Insurance $4,902, Repairs & Maintenance $6,524, Supplies $953, Taxes $3,881, TV/Internet/Utilities $20,240, Pest/Security/Road Maintenance $6,125. Net income of $285,227 for 2020. Water tower supplies all water to all 8 cabins. 13 acres are on two parcels.
Exterior Features

Access County RoadEasement RoadGravelPrivate Road Construction CedarLog Siding Exterior Features Onsite Parking

Interior Features

Basement DirtOutside Entry OnlyPartialFinished-Partial Bonus Rooms No Cooling Humidity ControlledElectric Heat Pump Heating CentralElectric Heat Pump Interior Features 220 VoltFurniture

Property Features

Annual Tax 3702.33 Commercial Type Fee Simple Improved Common Area Maintenance Water Current Use Motel/Hotel District 05 Gross Rent Amount One 348974.00 Gross Rent One Year 2020 Lot Block Unit 0 Owner Financing No Proposed Financing CashConventional1031 Exchange Restrictive Covenants No Suitable Use Motel/Hotel Tax Year 2019 Utilities Septic SystemWater ConnectedElectricity AvailableWell Zoning A-1 Zoning Entity Sevier County

Copyright 2021 Great Smoky Mountains Association of Realtors. Information deemed reliable but not guaranteed. Listing provided courtesy of Smokies Investors Real Estate & Auc | Office Phone: 8654285700 .

Copyright 2021 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Prime Mountain Properties. Information deemed reliable but not guaranteed. Last updated 2021-08-01T09:15:36.773.
 
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Prime Mountain Properties
807 Dolly Parton Pkwy
Sevierville TN, 37862
Listing courtesy of Smokies Investors Real Estate & Auc.