1231 Pine Mountain Way, Sevierville, TN 37862 (MLS# 245234)

Eight income-producing properties on 11 acres located minutes from Pigeon Forge and Wears Valley! HUGE VIEWS! This is an opportunity to purchase 8 properties at once in a highly desirable location! The sellers are currently operating 7 of the properties as long-term rentals (with weekly agreements with tenants.) With all 7 properties in operation, they were grossing $160,000 a year. Potential to more than TRIPLE that number if they were put on overnight/STR rental! One of the cabins is private and separate from others. It is a custom built 4 bed/5 bath cabin with STR projections of up to $200,000/year. The group of 7 cabins details as follows: Cabin #1 is a 4920 sq ft lodge that has been converted into 9 individual apartments. Each apartment is 1 bed/1 bath with kitchen and living area. This property alone is bringing in $7300/month income. Cabin #2 is 912 sq ft with 2 bed/2 bath. It is currently vacant and needs some repairs, but it was bringing in $1100/month. Cabin #3 is 864 sq ft with 2 bed/ 2 bath. It is also currently vacant and needs some repairs. It was bringing in $1200/month. Cabins #4, #5, and #6 are all 816 sq ft with 1 bed/1 bath and are bringing in $3100/week. Cabin #7 is 1244 sq ft with 2 bed/2 bath and is bringing in $1100/month. You could continue renting the properties to long-term renters, revamp them for overnight rental or do a mixture of both! There is additional revenue potential on the property as well. A gazebo and small building convey with the sale. They were being used at one time for events and weddings. Amazing mountain views looking over Pigeon Forge would make for a great backdrop for a wedding or other occasion! We have compiled data on projections of renovation costs and potential rental income for someone who would like to convert properties to STR. We are happy to share this information with serious buyers! Other information is on file, such as expenses, septic permits, property survey, etc. Don't miss this amazing and unique opportunity to own SEVEN income-producing properties in the Great Smoky Mountains, the most visited National Park in the United States! *Drone photogrpahy used in some photos.