1524 Rainbow Ridge Way , Mountain Pool L

    Sevierville, TN 37862
    • $599,000
    • STATUS: Active Under Contract
    • ON SITE: 33 days
    • ID#: 226560
    Under Contract
    UPDATED: 189 min ago
    $599,000
    • 4
      BEDS
    • N/A
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 2,600
      SQFT
    • $230
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    2007
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Smoky Mountain Real Estate Corporation.


    Description

    Mountain Pool Lodge is a terrific opportunity to purchase a high income earning cabin in a prime location with its own private indoor pool. The 4 bedroom cabin is ideally situated just a couple minutes from the prime shopping at Tanger Outlet Mall and has premier access via Collier Drive, Veterans, and a variety of other roads for easy access. The cabin checks all the boxes for an ideal investment cabin and short term rental in the Smoky Mountains with its private indoor pool, theater, mountain view, and convenient location. Some recent updates and improvements have been completed to really enhance the property and make it appealing as a top performing rental cabin. The property features 3 bedroom suites with king sized beds and one bedroom that has queen over queen log bunk beds. In one year the cabin grossed $92,609 (just in rental amounts, not including taxes, fees, etc) creating a gross rental multiplier (GRM) well below the average GRM for Sevier County short term rental cabins in 2019. Making it a prime opportunity for a quality investment cabin in Sevier County.

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    Copyright 2020 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Colonial Real Estate. Information deemed reliable but not guaranteed. Last updated 2020-02-25T00:15:38.227.
    www.smokylistings.com/homes/102486008

    1524 Rainbow Ridge Way , Mountain Pool L Sevierville, TN 37862

    • Price: $599,000
    • Status: Active Under Contract
    • Updated: 189 min ago
    • ID#: 226560
    4
    Beds
    4
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,600
    SQFT
    $230
    $/SQFT
    2007
    Built
    Neighborhood:
    Rainbow Ridge
    County:
    Sevier
    Area:
    Sevierville
    Property Description
    Mountain Pool Lodge is a terrific opportunity to purchase a high income earning cabin in a prime location with its own private indoor pool. The 4 bedroom cabin is ideally situated just a couple minutes from the prime shopping at Tanger Outlet Mall and has premier access via Collier Drive, Veterans, and a variety of other roads for easy access. The cabin checks all the boxes for an ideal investment cabin and short term rental in the Smoky Mountains with its private indoor pool, theater, mountain view, and convenient location. Some recent updates and improvements have been completed to really enhance the property and make it appealing as a top performing rental cabin. The property features 3 bedroom suites with king sized beds and one bedroom that has queen over queen log bunk beds. In one year the cabin grossed $92,609 (just in rental amounts, not including taxes, fees, etc) creating a gross rental multiplier (GRM) well below the average GRM for Sevier County short term rental cabins in 2019. Making it a prime opportunity for a quality investment cabin in Sevier County.
    Exterior Features

    Access Private Road Construction LogLog LookWood Siding Exterior Features DeckDouble WindowSurfaced Drive Garage Capacity 0 Garage Type None Roof Metal Style LogCabin

    Interior Features

    Appliances DishwasherDryerElectric RangeRefrigeratorWasher Cooling Electric H/P Fireplace Electric1 Heating Electric H/P Interior Features Cathedral CeilingCeiling Fan(S)FurnitureGreat RoomMedia RoomPrivate PoolRecreation RoomW/D ConnectionWindow TreatmentWood FloorsInside Inground Pool Sq Ft Above Grade 1560 Sq Ft Finished Basement 1040 Sq Ft Unfinished Basement 0

    Property Features

    Annual Tax 1292.7 Construction Type Site Built District 05 Hoa Per Month 100 Lot Block Unit 8 Miscellaneous Hot TubPlanned Unit DevelopmentPoolMountain View Occupancy Either Possession At Closing Proposed Financing CashConventional Rental Rental History Residential Type Single Family Restrictive Covenants Yes Sewer Sewer Tax Year 2018 Water Utility Zoning R-2

    Copyright 2020 Great Smoky Mountains Association of Realtors. Information deemed reliable but not guaranteed.
    Copyright 2020 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Colonial Real Estate. Information deemed reliable but not guaranteed. Last updated 2020-02-25T00:15:38.227.
     
    Colonial Real Estate
    3049 Veterans Blvd
    Pigeon Forge TN, 37863
    Listing courtesy of Smoky Mountain Real Estate Corporation.