2834 Florence Drive, Pigeon Forge, TN 37863

$875,000
6
BD
5
BA
3,080
SqFt
List Price
$875,000
Price Change
▼ $24,900 1612495407
MLS#
1140178
Status
PENDING
Type
Single Family Residential
City
Pigeon Forge
County
Sevier County - 27
Bedrooms
6
Bathrooms
5
Living Area
3,080
Lot Size
13,503
Year Built
1965
Subdivision
Lafollette Addn No 1 Rev

Property Description

Unique one of a kind property in the heart of downtown Pigeon Forge. Zoned as commercial C2, this presents an excellent investment opportunity in the current market. Projected annual rental revenue of $120,000-$130,000. There simply is no other cabin located in the heart of Pigeon Forge within walking distance to The Island and surrounding attractions of the Parkway, let alone one that offers these amenities - Amazing new outdoor area with a new swim spa, outdoor fireplace on a large deck, theater room, hot tub and game room. All of this with no winding or steep roads, an abundance of level parking, and 2 Master Bedroom Suites on the main level.Projected Cap Rate of 8 to 8.7% from credible, high producing cabin property management company.

Additional Information

Acres
0.31
Total Taxes
$2055.88
Appliances
Dishwasher, Dryer, Gas Grill, Microwave, Range/Oven, Refrigerator, Smoke Detector, Washer
Basement
Yes
Construction
Block, Frame
Cooling
Central Cooling
Exterior Features
Deck, Doors - Storm, Porch - Covered, Porch - Screened
Fireplace
Yes
Floors
Carpet, Tile
Fuel
Electric, Gas (Natural)
Garage
Main Level, Off-Street Parking, RV Parking
Living Area
3,080
Lot Description
Cul-De-Sac, Private
Other Rooms
Basement Rec Room, Extra Storage, Family Room, Great Room, Laundry/Utility, Mstr Bdrm Main Level
Style
Cabin
View
City View, Mountain View
Year Built
1965

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of United Real Estate Solutions.