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116 Mountain Retreat Rd

Townsend, TN 37882
  • $1,300,000
  • STATUS: Active Under Contract
  • ON SITE: 43 Days
  • ID#: 254459
Under Contract
UPDATED: 47 min ago
$1,300,000
  • 1
    BEDS
  • 8.09
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,154
    SQFT
  • $604
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2005
County:

School Ratings & Info

Listing courtesy of Exp Realty, Llc Nashville.


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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Copyright 2022 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Parkway Realty. Information deemed reliable but not guaranteed. Last updated 2022-12-03T07:15:52.92.
www.smokiesparkwayrealty.com/homes/134136081
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116 Mountain Retreat Rd Townsend, TN 37882

  • Price: $1,300,000
  • Status: Active Under Contract
  • On Site: 43 Days
  • Updated: 47 min ago
  • ID#: 254459
1
Beds
2
Baths
0
½ Baths
8.09
Acres
2,154
SQFT
$604
$/SQFT
2005
Built
Neighborhood:
Bradley Property
County:
Blount
Area:
Townsend/Walland
Property 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.
Exterior Features

Access Gravel Construction Wood SidingBlock Exterior Features Private YardWooded Foundation Basement Garage Capacity 0.00 Garage Type None Roof Metal Style CabinChalet

Interior Features

Appliances DryerWasherElectric CooktopMicrowaveSelf Cleaning OvenDishwasherRefrigerator Attic None Basement Finished Bonus Rooms Yes Cooling Central Air Fireplace ElectricOne Heating Central Interior Features Recreation RoomW/D ConnectionCeiling Fan(S) Number Of Bonus Rooms 1 Sq Ft Above Grade 1344 Sq Ft Finished Basement 810 Sq Ft Unfinished Basement 0 Stories Three Or More

Property Features

Annual Tax 1543.00 Construction Type Site Built District 15 Hoa Fees 0.00 Hoa Fees Payment Frequency Monthly Hoa Name Bradley Property Homeowners Association Hoa Type Mandatory Hoa YN Yes Lot Block Unit 6 Occupancy Either Owner Financing No Proposed Financing CashConventional1031 Exchange Residential Type Single Family Restrictive Covenants Yes Sewer Septic SystemSeptic Permit On File Tax Year 2021 Water Well Zoning R-1 Zoning Entity Blount County

Copyright 2022 Great Smoky Mountains Association of Realtors. Information deemed reliable but not guaranteed. Listing provided courtesy of Exp Realty, Llc Nashville | Office Phone: 8885195113 .

Copyright 2022 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Parkway Realty. Information deemed reliable but not guaranteed. Last updated 2022-12-03T07:15:52.92.
 
https://bt-photos.global.ssl.fastly.net/gsmar/orig_boomver_1_254459-2.jpg https://bt-photos.global.ssl.fastly.net/gsmar/orig_boomver_1_254459-2.jpg https://bt-photos.global.ssl.fastly.net/gsmar/orig_boomver_1_254459-2.jpg
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Parkway Realty
3110 Priscilla Heights Ln
Pigeon Forge TN, 37862
Listing courtesy of Exp Realty, Llc Nashville.