Bought with Melanie Sunshine Darlin-Gatlin • Realty Works, LLC
$1,350,000
$1,350,000
For more information regarding the value of a property, please contact us for a free consultation.
9 Beds
8 Baths
4,344 SqFt
SOLD DATE : 04/03/2025
Key Details
Sold Price $1,350,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 4,344 sqft
Price per Sqft $310
Subdivision High Valley
MLS Listing ID 2830767
Sold Date 04/03/25
Bedrooms 9
Full Baths 5
Half Baths 3
Year Built 1965
Annual Tax Amount $1,449
Lot Size 0.350 Acres
Property Sub-Type Single Family Residence
Property Description
We are excited to present a truly unique opportunity for both short-term and long-term rental investors. This newly listed property offers exceptional value, with flexible rental potential and excellent ROI. This listing includes a 3-bedroom, 2-bathroom single-family home with a one-car garage, a divided driveway, and a fenced-in backyard, perfect for long-term rentals or mid-term guests. Right behind the single-family home, you'll find a 3-unit townhouse with each unit offering 2 bedrooms, 1.5 bathrooms, fully furnished and ready for occupancy. These units are equipped with private driveways, outdoor grills, and picnic tables, offering a fantastic setup for short-term vacation rentals. What makes this property even more attractive to investors is its current use as overflow housing for a local hotel, demonstrating strong demand for short-term rentals in this location. All units have been completely remodeled and updated, ensuring they meet the highest standards of comfort and style. Conveniently located just off Wear's Valley Road, near the Parkway in Pigeon Forge, at Red Light 3, this property enjoys high visibility and accessibility, a key factor in attracting short-term renters. We've also included rental projections from Avada Property Management that demonstrate strong income potential if used as a short-term rental, which is currently permitted in this area. Whether you are looking to expand your short-term rental portfolio or invest in long-term rental properties in the highly sought-after Pigeon Forge area, this listing provides an unparalleled opportunity. Feel free to reach out for more information or to schedule a viewing. We look forward to discussing how this property can work for your investment strategy. See youtube for video by typing the address
Location
State TN
County Sevier County
Interior
Interior Features Primary Bedroom Main Floor, Kitchen Island
Heating Central, Electric
Cooling Central Air
Flooring Wood
Fireplace Y
Appliance Dishwasher, Dryer, Microwave, Refrigerator, Washer
Exterior
Exterior Feature Carriage/Guest House
Garage Spaces 1.0
View Y/N true
View Mountain(s)
Building
Lot Description Other, Level, Rolling Slope
Sewer Public Sewer
Structure Type Frame,Other,Brick
New Construction false
Schools
Elementary Schools Pigeon Forge Primary
Middle Schools Pigeon Forge Junior High School
High Schools Pigeon Forge High School
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Broker/Owner | License ID: 326049