1935 Livingston Way, #1, #2, #3, #4, #5, #6, #7, #8, Sevierville, TN 37876
$2,430,000
Property Type:
Commercial Sale
Square Footage:
5,638
Lot Size (sq. ft.):
596,859
Status:
Closed
Current Price:
$2,430,000
List Date:
5/06/2021
Last Modified:
8/23/2024
Overview
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.
Listing Details MLS# 242313
General Property Information
- Number Of Buildings
- 8
- Lot Size Acres
- 13.702
- Living Area
- 5638
- Business Name
- Bear Tracks Cabins
- Year Built
- 1994
- Bonus Room YN
- No
- Sign On Property YN
- No
- List Price/SqFt
- 478.89
- Sold Price/SqFt
- 431
Property Features
Basement:
Dirt Floor; Exterior Entry; Partial; Partially Finished
Building Features:
Furniture
Business Type:
Hotel/Motel
Construction Materials:
Cedar; Log Siding
Cooling:
Heat Pump; Humidity Control
Electric:
220 Volts
Heating:
Central; Electric; Heat Pump
Listing Terms:
1031 Exchange; Cash; Conventional; Fee Simple Improved
Owner Pays:
Water
Parking Features:
On Site
Possession:
Close Of Escrow
Possible Use:
Other
Road Frontage Type:
County Road; Easement; Private Road
Road Surface Type:
Gravel
Sewer:
Septic Tank
Utilities:
Electricity Available; Water Connected
Showing Requirements:
Call Listing Agent; Listing Agent Must Accompany
Location Tax and Legal
- Street Number
- 1935
- Street Name
- Livingston
- Street Suffix
- Way
- County
- Sevier
- State
- TN
- Zip Code
- 37876
- Property Sub Type
- Other
- MLS Area Major
- Pigeon Forge
- Subdivision Name
- Other
Contract Information
- Original List Price
- 2999900
- Listing Contract Date
- 2021-05-06
- Owner Name
- Gilliam
- Listing Agreement
- Exclusive Right To Sell
- Rental History Gross Amount 1
- 348974
- Rental History Year 1
- 2020
Remarks and Miscellaneous
- Public Remarks
- 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.
- Directions
- Travel South on Parkway from Pigeon Forge onto the Spur, go to the first left and cross over river, go left and take immediate right onto King Branch, Go about .08 miles take left at Honey Bears sign, Go uphill and go through gate and follow signs to cabins.
Status Change Information
- Major Change Timestamp
- 2021-12-30T06:39:28Z
- Major Change Type
- Status Change
- Price Change Timestamp
- 2021-07-14T04:59:40Z
- Status Change Timestamp
- 2021-12-30
- Purchase Contract Date
- 2021-08-13
- Close Date
- 2021-12-30
- Close Price
- 2430000
- Buyer Financing
- Conventional
More Information
Currently Not Used
- Book/Page/Doc #
- 4932, 559
Showing Requirements
- Showing Instructions
- Call Kathleen Wallace for availability and showings at 865-441-6526. All offers to be accompanied by pre-qualification letter or proof of funds(NOEXCEPTION). Minimum earnest money of $25,000 required. As with all Real Estate transactions you should verify all information independently.. Buy Title insurance, have a survey, home inspection, and all other needed inspections. Equal Housing Opportunity,
- Call Listing Agent
- Yes
- Listing Agent Must Accompany
- Yes
Location, Tax, and Legal
- Street Additional Info
- #1, #2, #3, #4, #5, #6, #7, #8
- Restrictive Covenants YN
- No
- Zoning
- A-1
- Zoning Entity
- Sevier County
- Parcel Number
- 084.01
- Tax Lot
- No
- Tax Annual Amount
- 3702.33
- Tax Year
- 2019
Basement
- Dirt Floor
- Yes
- Exterior Entry
- Yes
- Partial
- Yes
- Partially Finished
- Yes
Construction Materials
- Cedar
- Yes
- Log Siding
- Yes
Cooling
- Electric
- Yes
- Heat Pump
- Yes
- Humidity Control
- Yes
Electric
- 220 Volts
- Yes
Heating
- Central
- Yes
- Electric
- Yes
- Heat Pump
- Yes
Listing Terms
- 1031 Exchange
- Yes
- Cash
- Yes
- Conventional
- Yes
- Fee Simple Improved
- Yes
Parking Features
- On Site
- Yes
Possession
- Close Of Escrow
- Yes
Road Frontage Type
- County Road
- Yes
- Easement
- Yes
- Private Road
- Yes
Road Surface Type
- Gravel
- Yes
Sewer
- Septic Tank
- Yes
Utilities
- Electricity Available
- Yes
- Water Connected
- Yes
Owner Pays
- Water
- Yes
Possible Use
- Other
- Yes
Building Features
- Furniture
- Yes
Business Type
- Hotel/Motel
- Yes
Listing Office:
Smokies Investors Real Estate & Auc
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.