1940 Wears Valley Rd, Sevierville, TN 37862

$4,500,000
7
BD
16
BA
10,578
SqFt
List Price
$4,500,000
Price Change
▼ $489,900 1714154206
MLS#
1258187
Status
ACTIVE
Type
Single Family Residential
City
Sevierville
County
Sevier
Bedrooms
7
Bathrooms
16
Baths Half
3
Baths Full
13
Living Area
10,578
Lot Size
897,336
Year Built
1968

Property Description

PRIME INVESTMENT OPPORTUNITY!! OWN YOUR OWN TURNKEY CABIN DEVELOPMENT SURROUNDED BY A RUSHING MOUNTAIN STREAM (COVE CREEK) WITH 5 LUXURY INCOME PRODUCING SHORT TERM RENTAL CABINS BEING SOLD FULLY FURNISHED SITTING ON 20.60 ACRES IN THE PIGEON FORGE, TN AREA WITH ROOM TO EXPAND AND BUILD ADDITIONAL CABINS! GROSS INCOME FOR 2021 WAS $374,989. Two additional build sites that had cabins ready to rebuild already have septic and potential of 8 additional build sites on the additional acreage! You can't beat this location only minutes to Pigeon Forge attractions, Dollywood, Gatlinburg, and the Smoky Mountains National Park. Easy access location NO STEEP ROADS and highly visible location. Fronts Wears Valley Rd. with its own private road into the development. Enjoy the picturesque setting and chance to develop and have a portfolio of approx. 15+ cabins! Nicely paved roads to access. The possibilities are endless- the sky is the limit! Must see! **Cabins are currently being rented on the overnight rental program as follows: 1BR, 3BR, 7BR, 4BR, and 3BR.***CHECK OUT THE VIDEO TOUR TO SEE THE PROPERTY BY DRONE!***

Additional Information

Acres
20.60
Appliances
Dishwasher, Dryer, Smoke Detector, Self Cleaning Oven, Refrigerator, Microwave, Washer
Basement
Yes
Construction
Other, Wood Siding, Log, Frame
Cooling
Central Cooling, Wall Cooling, Ceiling Fan(s)
Exterior Features
Porch - Covered, Deck
Fireplace
Yes
Floors
Carpet, Hardwood, Tile
Garage
Main Level
Living Area
10,578
Lot Description
River, Private, Wooded
Style
Cabin, Log, Chalet
Subdivision
Quick Family Trust
View
Country Setting, Wooded
Year Built
1968
Subdivision
Quick Family Trust
Heating
Central, Heat Pump, Propane, Electric
Fireplaces
1
Hoa
No
Water
Well
Sewer
Septic Tank

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Tennessee Elite Realty.

Agent: Charity Ann Brown |

Office: Tennessee Elite Realty |