505 Chickasaw Gap Way

Description

5 Star Reviews on VRBO! Currently SELF managed under EVOLVE. 2021 Rental $114,686.76 2022 Rental $88,040.35. $86,657 for 2023. Huge Upgrades & Maintenance done while they have owned it! 3 miles to Dollywood! Minutes to Parkway, 10 min to downtown Gatlinburg! Investor Note: close on this property in May and get rentals for May/June/July before you need to make your first mortgage payment. Buy now to get the summer rental income. This cabin is 3 miles to Dollywood and has the cabin experience while keeping your guests close to the main area for activities! Great for families who have children and may need diapers, Tylenol at night etc. Great for church and business retreats. Sleeps 16. Situated in one of Pigeon Forge's most sought-after subdivisions, prime location, centrally positioned in town & easily accessible via a non-winding road accessible throughout all seasons. Sold fully furnished. Every bedroom has a bathroom. 7 flat-screen TVs w/ cable, farmhouse-style dining table (seats 16- great for Thanksgiving rental), gable window, 2 gas fireplaces, foosball table, arcade machine, pool table. KITCHEN: Fully equipped w/ cooking basics, stainless steel appliances, microwave, blender, drip + Keurig coffee maker, knife set, ice maker, breakfast bar. Bedroom 1: King Bed, Bedroom 2: King Bed, Bedroom 3: King Bed, Bedroom 4: Queen Bunk Beds, Bedroom 5: Queen Bunk Beds, 4 Twin Bunks in basement. 2- story covered decks + covered front porch, rocking chairs, gas grill, hot tub w/ cover, community pool access (open seasonally). The homeowners' dues are $1700/year if you pay all at one time. If you pay monthly, it totals $1800 or $150/month. Currently SELF managed under EVOLVE. 2021 Rental $114,686.76 2022 Rental $88,040.35 In 2022 they changed management companies & switched back. They did lose some rental times when they switched over. Booked for $86,657 for 2023 but see attachment with Bear Tracts Management Company with their projections - estimate cabin could do $10,000 more*. REPAIRS HAVE BEEN DONE! Cabin has been highly maintained and many major items have been upgraded or replaced. LIST OF UPGRADES AND APPROVEMENTS!! - Installed gutters - All new windows - New shower tub on main floor - New bedroom fan on main floor & bed frame -New bedding for all beds - New oven, stove & microwave - New kitchen sink & added a garbage disposal - New stools at kitchen bar - Updated & restocked kitchen appliances, utensils, etc. - New living room tables & lamps -New big screen TV in living's room & replaced a couple of others - Replaced the gas burners in both fireplaces & timers - New stacked washer/dryer - Pool table re-felted - New stools in game room - PAC-Man machine refurbished - Updated front door keypad & installed deadbolt in game room door to the deck - New BBQ Grill -Replaced some rockers for decks - Replaced the posts supporting the bottom deck & poured cement pilings to support them *$13,300 -Sheeting under the house to protect from moisture / bugs - Repaired & Replaced the stucco *$12,000. - Replaced both HVACs - with regularly scheduled maintenance - New, brighter hall lights going down to the game room - New electrical circuit panel - New Washer / Dryer - stacked combo + ironing board & iron - New Hot Water Heater -4 twin bunk beds in the basement -Ceiling fans in each bedroom, living room, and dining room. -2 covered decks in addition to the covered porch. -Hot tub with cover. *Please confirm all rental projections directly with Bear Tracts. link for EVOLVE RENTAL LISTING https://evolve.com/vacation-rentals/us/tn/pigeon-forge/438658?Property-Type=Cabin&queryID=cc11b8141325a9f165b790a9f7ce071e