Prime income-producing property in the heart of Gatlinburg! This portfolio includes 11 studio cottages on over 1 acre that generated more than $335k in gross revenue last year.Features include:- 11 furnished units- Cottages 1 & 2 include kitchenette area- Cottages 3-8 have space to build out kitchenette areas- King & Queen suites- AT&T Fiber internet- Smart TV's- No HOA- Incredible location- Easy drive in/out- Great guest reviews- Potential to add/rebuild units that were lost in the 2016 fires (subject to City of Gatlinburg requirements)Conveniently located to all the top attractions including GSMNP, Roaring Fork Motor Trail, Dollywood, Ripley's Aquarium, Ober Mountain, Anakeesta, The Island in Pigeon Forge, Gatlinburg SkyPark, Forbidden Caverns, Foxfire Mountain Adventure Park, Titanic Museum Attraction, Tanger Outlets shopping and so much more. Please see Associated Docs for Airbnb links, gross rental numbers, avg utilities, disclosures, etc.
Listed By
Agency Name: Real Broker
Shown By
Agent Name: Melinda Hale
Agent Phone:
Agency Title: Franklin Realty Inc.
Estimated Payment
$ 17,334.94 per month $16,547.73 Principal & Interest $0.00 Property Tax (data not provided by mls) $787.21 Homeowner's Insurance
124 Roaring Fork Rd | MLS# 1335553
This multi-family property located at 124 Roaring Fork Rd, Gatlinburg, TN 37738 is currently listed for sale with an asking price of $2,699,000. Search Gatlinburg real estate on mhale.franklinrealty.com today.