1940 Wears Valley Rd , Sevierville, TN 37862
Sevierville, TN 37862
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!***
Details
| Mls | 1258187 |
|---|---|
| Listing Type | For Sale |
| Style | Detachd |
| Subtype | Resale |
| Status | Active |
| Year | 1968 |
| Days On Site | 252 |
| Listing Provided By | Tennessee Elite Realty | Charity Brown |
Features
| Beds | 7 |
|---|---|
| Baths | 16 Total |
| Sq Feet | 10,578 |
| Basement | Y |
| Acreage | 20.60 |
| Property View | Country Setting, Wooded |
Market Activity 37862
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Learn More About This Property
| State | TN |
|---|---|
| County | Sevier County 27 |
| City | Sevierville |
| Zip Code | 37862 |
| Area | Sevier County 27 |
| Subarea | 27 |
| Community Name | Quick Family Trust |
| Listing VS Median (in Quick Family Trust) | |
Price: $3,689,900 low | high Med: $3,689,900 SqFt: 10,578 low | high Med: 10,578 $ / SqFt: $349 low | high Med: $349 On Site: 252 low | high Med: 252.000000 | |