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1479 Licking Spring Way, Unit 6, Sevierville, TN 37876

$400,000
Property Type: Single Family Bedrooms: 1 Square Footage: 650 Lot Size (sq. ft.): 436 Status: Active
Current Price: $400,000 List Date: 3/13/2024 Last Modified: 5/01/2024

Description

New Construction - Introducing an ideal short-term rental investment that caters to both first-time investors and seasoned pros alike. With a projected annual rental income of $50K per cabin, this property promises lucrative returns and low entry barriers, making it an attractive option for investors of all levels. With six charming cabins nestled in this picturesque subdivision, you have the option to purchase a single cabin or seize the opportunity to acquire all six, each offering its own distinctive charm and appeal with a lucrative opportunity to capitalize on the growing demand for a getaway in the Great Smoky Mountains area. Situated in a prime location with high demand for short-term rentals, this property offers the perfect balance of affordability and income potential. Step inside to discover a cozy living space adorned with the perfect blend of modern luxury and rustic charm. The open floor plan creates an inviting atmosphere for creating unforgettable memories. The well-appointed kitchen boasts stainless steel appliances, ample counter space, a kitchen island and stunning views of the surrounding landscape. Outside, a spacious deck provides the perfect spot for al fresco dining, morning coffee, or simply soaking up the sun. After a day of outdoor adventures, unwind in the comfortable living area or gather around the fireplace for cozy evenings indoors. Surrounded by lush forest, you'll feel a world away from the stresses of everyday life. Perfectly located minutes away from Gatlinburg, Pigeon Forge, the Great Smoky Mountains and all the area's renowned attractions and dining experiences. This cabin is perfectly suited for short-term rental investment, vacation home or a romantic getaway. Whether you're looking to generate passive income or create your own mountain retreat, this short-term rental cabin is an investment opportunity not to be missed. Alternatively, investing in all six cabins presents a compelling opportunity for savvy entrepreneurs looking to maximize their returns. Note, each cabin in the subdivision is listed separately.

More Information MLS# 1255573

Location, Tax & Legal Info

House #: 1479 Street Name: Licking Spring St Suffix: Way Unit #: Unit 6 State/Province: TN Zip Code: 37876 Property Sub-Type: Residential Area: Sevier County - 27 City/County Code: County PIN #: 064O B 013.00 Subdivision: LICKLOG HOLLOW MINI RESUB Total Tax: 123.58 Geo Lat: 35.84094 Geo Lon: -83.430167

Contract Info

Auction Y/N: No Listing Price: 400000 Current Price: $400,000 Status: Active Listing Date: 2024-03-12 Cooperation Comp: 2.5 Compensation Type: % Occupancy: Either

General Property Description

Type: Ranch Acres: 0.01 Acre Source: Survey Site Built: Yes Restrictions: Yes SqFt - Total (Aprox): 650 SqFt - Main Lvl: 650 # Bedrooms: 1 Baths - Full: 1 # of Rooms: 4 Fireplace: Yes # Fireplace: 1 Property Status: N/A HOA: Mandatory Year Built: 2024 Bonus Room: No Extra Storage: No

Remarks & Misc

Directions: From Downtown Sevierville Head toward Court Ave on Commerce St. Go for 233 ft. Then 0.04 miles Turn left onto Court Ave. Go for 358 ft. Then 0.07 miles Turn right onto E Main St (US-411). Go for 4.0 mi. Turn right onto Long Springs Rd (TN-339). Go for 0.7 mi. Continue on Old Newport Hwy (TN-339). Go for 1.3 mi. Turn right onto Jones Cove Rd (TN-339). Go for 3.4 mi. Turn right onto Licklog Hollow Rd. Go for 0.6 mi. 1467 Licking Spring Way Sevierville, TN 37876-6373 Public Remarks: New Construction - Introducing an ideal short-term rental investment that caters to both first-time investors and seasoned pros alike. With a projected annual rental income of $50K per cabin, this property promises lucrative returns and low entry barriers, making it an attractive option for investors of all levels. With six charming cabins nestled in this picturesque subdivision, you have the option to purchase a single cabin or seize the opportunity to acquire all six, each offering its own distinctive charm and appeal with a lucrative opportunity to capitalize on the growing demand for a getaway in the Great Smoky Mountains area. Situated in a prime location with high demand for short-term rentals, this property offers the perfect balance of affordability and income potential. Step inside to discover a cozy living space adorned with the perfect blend of modern luxury and rustic charm. The open floor plan creates an inviting atmosphere for creating unforgettable memories. The well-appointed kitchen boasts stainless steel appliances, ample counter space, a kitchen island and stunning views of the surrounding landscape. Outside, a spacious deck provides the perfect spot for al fresco dining, morning coffee, or simply soaking up the sun. After a day of outdoor adventures, unwind in the comfortable living area or gather around the fireplace for cozy evenings indoors. Surrounded by lush forest, you'll feel a world away from the stresses of everyday life. Perfectly located minutes away from Gatlinburg, Pigeon Forge, the Great Smoky Mountains and all the area's renowned attractions and dining experiences. This cabin is perfectly suited for short-term rental investment, vacation home or a romantic getaway. Whether you're looking to generate passive income or create your own mountain retreat, this short-term rental cabin is an investment opportunity not to be missed. Alternatively, investing in all six cabins presents a compelling opportunity for savvy entrepreneurs looking to maximize their returns. Note, each cabin in the subdivision is listed separately.

Status Change Info

Status Change Date: 2024-03-12

Property Features

Atchd/Dtchd Type: Detached Style: Cabin; Craftsman Construction: Frame Siding: Fiber Cement Garage/Parking: Designated Parking Basement: Crawl Space; Outside Entr. Only Lot Description: Private; Wooded View: Country Setting; Wooded Fireplace: Electric Floors: Laminate; Tile Fuel: Electric Heat: Forced Air; Heat Pump Cooling: Ceiling Fan(s); Wall Cooling Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Self Cleaning Oven; Smoke Detector; Washer Sewer: Septic Tank Water: Shared Well Other Rooms: Mstr Bdrm Main Level Misc Features: Cathedral Ceiling; Island in Kitchen; Walk-in Shower; Washer/Dryer Connect; Wired for DSL; Wired for Internet Exterior Features: Balcony; Deck Dining Area: Eat-in Kitchen; Kitchen/Dining Rm Co Association Fee Incl: Grounds Maintenance; Other Showing: See Agent Instructns New Financing: Cash; Conventional; FHA; VA Loan
Listing Office: United Real Estate Solutions
Last Updated: May - 01 - 2024
1479 Licking Spring Way, Unit 6, Sevierville, TN 37876- MLS# 1255573
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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