UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,108 sqft
Price per Sqft $306
Subdivision Sky Harbor
MLS Listing ID 1342410
Year Built 2023
Lot Dimensions 195 M X 170 M IRR
Source East Tennessee REALTORS® MLS
Property Description
The portfolio consists of three approximately 2,036 SF cabins located on Beach Front Drive in Sevierville. The unit mix includes one 2-bedroom / 2-bath cabin with a theater room and potential 3-bedroom conversion, along with two 3-bedroom / 3-bath cabins. Each property is designed for short-term rental use and features modern finishes, open living areas, entertainment-focused layouts, and a turnkey furnished setup.
Based on seller-provided financials, each cabin is currently generating approximately $55,000 in annual gross rental revenue. The seller believes there is potential to increase gross revenue to approximately $75,000-$85,000 per cabin annually through improved management, optimized pricing, and a more efficient self-management or co-host model.
This offering gives investors the opportunity to acquire immediate rental income with meaningful operational upside in one of the most recognizable cabin rental markets in the country. The package structure allows a buyer to acquire scale without having to source and assemble individual assets one at a time.
The seller's preference is to sell all three cabins together in one transaction.
1828 Beach Front Drive, 2184 Beach Front Drive, 2237 Beach Front Drive
Location
State TN
County Sevier County - 27
Rooms
Family Room Yes
Other Rooms Basement Rec Room, Family Room, Mstr Bedroom Main Level
Interior
Heating Central
Cooling Central Cooling
Appliance Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Heat Source Central
Exterior
Exterior Feature Balcony
Parking Features On Premise Parking
Garage Description On Premise Parking
Roof Type Metal
Garage No
Building
Faces From Gatlinburg on the spur towards Pigeon Forge turn right on to Kings Branch Rd. Go .9 mi to a right on to Silver Poplar. Go .9 mi to the stop sign. Continue straight onto School House Gap. Go .8 mi and veer right on to Beach Front Drive.
Structure Type Frame
Others
Tax ID 107O C 024.00
Energy Description Other Fuel
Acceptable Financing New Loan, Cash, Conventional
Listing Terms New Loan, Cash, Conventional
Nearby Locations
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