Description
Investors looking for a prime opportunity for multiple revenue streams from one property this is it! This beautiful log style home is situated on 8 peaceful acres in the beautiful Smoky Mountains of Townsend TN! Recently updated and totally turn key this property is ready for rental use. The main level of the cabin has one king bedroom and one full bathroom, a bonus room currently setup as a second sleeping room with king size bed, the large open living room, and a dining area. Upstairs in the loft you will find another sleeping area for guests with a king size bed as well as a full bathroom. Currently setup to sleep 10. Downstairs in the finished basement is where all the fun is! You'll find a pool table, a sleeper sofa, large bean bag chairs, and a massive 85" TV for movie nights! Step outside and enjoy three separate decks and also a large fire pit area. The cabin alone is projected to gross $80k-90k per year as a short term rental. The next revenue stream that makes this property even more desirable is a cell phone tower lease which currently pays around $3,600/mo to the original owner of the property. The cell tower lease renews in 2025 and terminates in 2030 in which the new owner may be able to renegotiate contract terms. Since the year 2000 the cell tower lease has paid out $950,400 according to the seller. Please verify all cell tower lease information, seller will allow an appropriate due diligence period to verify cell tower lease information. The paved driveway up to the cell tower can be doubled as a driveway to a separate building site if so desired. With some tree trimming the views from the top of the mountain are gorgeous, it would be a great spot for a glamping site or another small cabin. There are also several other areas on the 8 acres that could be built on for additional revenue streams so this property truly has the potential to produce a lot of cash flow. There is a long list of upgrades that have been done to this property, please reach out to the agent for everything that has been updated! Drone photos in use.
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1BEDS
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8.09ACRES
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2BATHS
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01/2 BATHS
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2,154SQFT
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$604$/SQFT
School Ratings & Info
Description
Investors looking for a prime opportunity for multiple revenue streams from one property this is it! This beautiful log style home is situated on 8 peaceful acres in the beautiful Smoky Mountains of Townsend TN! Recently updated and totally turn key this property is ready for rental use. The main level of the cabin has one king bedroom and one full bathroom, a bonus room currently setup as a second sleeping room with king size bed, the large open living room, and a dining area. Upstairs in the loft you will find another sleeping area for guests with a king size bed as well as a full bathroom. Currently setup to sleep 10. Downstairs in the finished basement is where all the fun is! You'll find a pool table, a sleeper sofa, large bean bag chairs, and a massive 85" TV for movie nights! Step outside and enjoy three separate decks and also a large fire pit area. The cabin alone is projected to gross $80k-90k per year as a short term rental. The next revenue stream that makes this property even more desirable is a cell phone tower lease which currently pays around $3,600/mo to the original owner of the property. The cell tower lease renews in 2025 and terminates in 2030 in which the new owner may be able to renegotiate contract terms. Since the year 2000 the cell tower lease has paid out $950,400 according to the seller. Please verify all cell tower lease information, seller will allow an appropriate due diligence period to verify cell tower lease information. The paved driveway up to the cell tower can be doubled as a driveway to a separate building site if so desired. With some tree trimming the views from the top of the mountain are gorgeous, it would be a great spot for a glamping site or another small cabin. There are also several other areas on the 8 acres that could be built on for additional revenue streams so this property truly has the potential to produce a lot of cash flow. There is a long list of upgrades that have been done to this property, please reach out to the agent for everything that has been updated! Drone photos in use.
Copyright 2023 Great Smoky Mountains Association of Realtors. Information deemed reliable but not guaranteed. Listing provided courtesy of Exp Realty, Llc Nashville | Office Phone: 8885195113 .