Address: |
view address Gatlinburg, TN 37738 Map Location |
Features: | Furnished, Multi-level |
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Bedrooms: | 3 | Bathrooms: | 3 (full: 3) |
Square Feet: | 2,610 sq.ft. | Year Built: | 2006 |
Property Type: | Single Family Residence | Neighborhood: | Elk Springs Resort |
County: | Sevier | List Date: | 2024-04-18 |
Listing Number: | 300491 | Listed By: | Smoky Mountain Real Estate Corporation |
Your dream investment cabin has just hit the market! ''Mountain Magic'' is a three bedroom, three bath cabin in Elk Springs Resort just outside of Gatlinburg in the Glades Arts & Crafts Community. The cabin has produced a consistent rental income for many years and the low operating costs create an appealing investment opportunity. The property produced $78,009 (2021) and $66,749 (2022) the past two years. These figures only include rental rate revenues, not cleaning fees, taxes, or any other related fees/taxes. The $150 monthly HOA fee is a bargain as it includes the water and Xfinity cable/internet which often is higher than $150 monthly on its own! Elk Springs Resort is also one of the few cabin communities that has natural gas (through Sevier County Utility District) so your fireplaces (and other gas appliances) will heat effectively and efficiently! Operating costs are surprisingly low and among the lowest you'll see for a three bedroom STR cabin of its size in Sevier County. Monthly averages of electric at $264.71, community septic $78.14, gas $104.29, the cable/internet/water all covered within the $150 HOA fee, and reasonable insurance costs equate to some of the lowest cost of operation for a quality three bedroom cabin in our market. There are decks and porches galore at ''Mountain Magic'' allowing for some great porch sitting and opening up opportunities for some outdoor living for guests. There is even a pretty decent view off the porches to take in the grandeur of the Smokies. ''Mountain Magic'' doesn't lack fun or amenities with a nice wet bar and pool table in the game room area. Opportunities for fun abound in the large game room area. The cabin is also tastefully decorated throughout. Elk Springs Resort and this cabin are ideally situated in the Gatlinburg Arts & Crafts community just east of Gatlinburg. The property is easily accessed without steep roads and just minutes from downtown Gatlinburg and even closer to the Gatlinburg Arts & Crafts Community on Glades Road. Schedule a showing and write an offer on this spectacular cabin - you won't be disappointed! This is a well maintained cabin with the same owner operating and owning the property since 2009, a lack of turnover rarity in our short term rental market. The convenient easy access location, and excellent bang for your buck HOA fees are a recipe for success in our short term cabin rental market.
Cathedral Ceilings: | Yes | Ceiling Fan(S): | Yes |
Dishwasher: | Yes | Dryer: | Yes |
Electric Dryer Hookup: | Yes | Fireplace: | Yes |
Furnished: | Yes | Gas Log Fireplace(S): | Yes |
Great Room: | Yes | Microwave Oven: | Yes |
Refrigerator: | Yes | Smoke Alarm: | Yes |
Washer: | Yes | Wet Bar: | Yes |
Window Coverings: | Yes | Wood Floors: | Yes |
Deck: | Yes | Finished Basement Square Feet: | 950.00 |
Living Square Feet: | 2,610.00 | Log Exterior: | Yes |
Metal Roof: | Yes | Outdoor Hot Tub: | Yes |
Porch: | Yes | Style: | Cabin,Log |
Total Above Grade Finished Sq Ft: | 1,660.00 | Wood Exterior: | Yes |
HOA Dues: | 150.00 | Lot Number: | 95.00 |
Lot On Private Road: | Yes | Lot Zoned: | R-1 |
Public Water: | Yes | Shared Septic: | Yes |
Subdivision: | Elk Springs Resort | Taxes: | 2,883.04 |
Transaction Type: | Sale | Year Built: | 2006 |
Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.
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Community information and market data Powered by Onboard Informatics. Copyright ©2024 Onboard Informatics. Information is deemed reliable but not guaranteed.
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.