Description
This is an exceptional opportunity to acquire a profitable rental property located in a highly desirable vacation destination. The property boasts a unique feature, allowing it to be rented as either a 5-bedroom or a 3-bedroom and 2-bedroom configuration, thereby catering to various group sizes. Furthermore, it comprises two rentals on a single plot, providing a potential source of additional income. We have secured a guarantee of $170,000 in gross revenue from a reputable local property management firm at an 80/20 revenue sharing arrangement. The primary residence is well-appointed with three bedrooms and two bathrooms, complemented by a game room and theater room. The guest house includes two bedrooms and one bathroom, a capacious living area, and an adjacent game room. Additionally, the property offers captivating views of Cove Mountain from every angle. We have matterports of all three buildings, but our system will only let us upload one. Please reach out if you'd like to see a virtual walkthrough of each building.
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5BEDS
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1.25ACRES
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3BATHS
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01/2 BATHS
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4,200SQFT
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$262$/SQFT
School Ratings & Info
Description
This is an exceptional opportunity to acquire a profitable rental property located in a highly desirable vacation destination. The property boasts a unique feature, allowing it to be rented as either a 5-bedroom or a 3-bedroom and 2-bedroom configuration, thereby catering to various group sizes. Furthermore, it comprises two rentals on a single plot, providing a potential source of additional income. We have secured a guarantee of $170,000 in gross revenue from a reputable local property management firm at an 80/20 revenue sharing arrangement. The primary residence is well-appointed with three bedrooms and two bathrooms, complemented by a game room and theater room. The guest house includes two bedrooms and one bathroom, a capacious living area, and an adjacent game room. Additionally, the property offers captivating views of Cove Mountain from every angle. We have matterports of all three buildings, but our system will only let us upload one. Please reach out if you'd like to see a virtual walkthrough of each building.
Copyright 2023 Great Smoky Mountains Association of Realtors. Information deemed reliable but not guaranteed. Listing provided courtesy of Realty Executives Smoky Mountains | Office Phone: 8655051000 .