Pigeon Forge, TN 37863 · Sevier County
62 days on market · MLS# 1338783
Home Facts
5
Beds
5
Baths
2,567
Sqft
0.01 ac
Lot
Features
About This Property
This one checks a lot of boxes for investors looking at the Pigeon Forge STR market. Five bedrooms, five bathrooms, fire sprinkler suppression system, sleeps 16, and sits inside a resort community on the Pine Mountain Road corridor, less than 1.5 miles to the Parkway. Close to everything, easy to access, no mountain road to deal with. The property is currently grossing around $70,000 annually under its existing management setup. AirDNA projects this cabin at $102,000, and a third-party STR projection from local PM came in at $125,000. The spread between where it sits and where it can go is the opportunity. The layout works well for large group bookings, which is where the money is in this market. Four king suites, a bunk room, two sofa beds across three floors, multiple living areas, and rear deck space with a hot tub. Pool table, arcade game, charcoal grill. Every bedroom has its own bath. Inside you've got tongue-in-groove knotty pine and log walls, granite countertops throughout, a full kitchen with island and stainless appliances, bar seating, washer/dryer, and 4K Smart TVs in every room. Pull-through parking on site. There's even a peek of the mountains from the top level. It's not a fixer, it's ready to rent. Five-star ratings on its current platform. If you're looking for a performing asset in one of the most consistently booked STR markets in the country, this one is worth a close look.
Property Details
Style
log, cabin
Construction
block, frame, log
Heating
heat pump
Cooling
ceiling fan(s), central air
Flooring
luxury vinyl plank
Appliances
dishwasher, disposal, microwave, range, washer, dryer
Interior
eat-in kitchen, cathedral ceiling(s)
Parking
main level, off street
Lot
zero lot line
Sewer
public sewer
Water
public
Market Snapshot
30-Yr Fixed Rate
6.49%
National avg · FRED / Freddie Mac
Est. Monthly Payment
$4,991
20% down · 30-yr fixed · principal & interest only
Location
826 String Run Way, Pigeon Forge, TN 37863
Pigeon Forge, TN 37863
35.78254, -83.57831
$385 per sqft
Schools
School information isn’t available for this listing right now.
Walkability
4
Walk
Almost All Errands Require a Car
—
Transit
N/A
27
Bike
Some Biking