1643 Barn Door Lane, Paradise Point Pool Lodge, Sevierville, TN 37862 (MLS# 250055)

Paradise Point Pool Lodge is a rare investment opportunity to purchase a 6 bedroom cabin with an indoor pool, theater room, and view on over 3 acres. Most large indoor pool cabins are crammed on top of each other with little to no privacy. That certainly isn't the case with this property! it offers 3.177 acres of privacy, views, and even a flat spot down below the cabin. The rental income is phenomenal with 2021 producing $220,391 in rental revenue and 2020 at $207,169. And this does NOT include cleaning fees, taxes, or any additional fees. The cabin itself operates as a very lucrative short term rental based on the amazing features and amenities. On the main level you'll find two huge king sized bedrooms, a huge kitchen & dining area, along with a family room with a mountain view. Upstairs includes three king sized bedrooms and one massive bunk bedroom with two sets of queen over queen bunk beds. The lower level offers the large indoor pool, generously sized theater room, and game room area. There is even an outdoor fire pit adjacent to the cabin where one can take in the mountain view and relax by the fire! The property is located in the Wears Valley area with easy access to Pigeon Forge via multiple routes such as light #10, light #6, and light #3. Just minutes from the action of the Parkway, yet a feeling of privacy and seclusion being in the mountains. The gross rental multiplier (GRM) of 8.16 (at listing price) is well under the current market average of cabins sold in Sevier County, offering an excellent investment opportunity. On pace to do phenomenal in 2022 as well. At the time of listing on the MLS the cabin has $171,120 reserved for 2022. 203 nights at an ADR of $843/night. This represents over a 9.3% increase in the ADR in 2022 over 2021.