1940 Wears Valley Rd

Sevierville TN 37862

10578 sq. ft.

20.6 ac.

Single-Family

Currently for sale - view listing

Overview

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 RANGING 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 VIRTUAL TOUR OF THE PROPERTY!!

Features

7 bedrooms

16 bathrooms

10578 sq. ft. floor area

20.6 ac. lot size

Single-Family

Property history for 1940 Wears Valley Rd

2017

Sold

$1,200,000

14 Sep 2017 by Kim Goode, of Crye-Leike REALTORS, South Inc.

2004

Sold

$932,717

01 Dec 2004

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