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Previous Description:
Location, location, location! Just minutes from the main strip in Pigeon Forge, this Smoky Mountain retreat on Ridge Road offers exceptional proximity to attractions, dining, shopping, and entertainment while maintaining a private, wooded setting. The property features a charming 480 square foot honeymoon cabin currently operating as a short-term rental with an established rental history. The cabin offers rustic mountain character, a cozy gas fireplace, and recent updates completed within the past year that enhance comfort and guest appeal. Averaging approximately $42,000 in gross annual rental income, the estimated net operating income supports an approximate 6.9% cap rate at the current list price. Income figures are provided for informational purposes only and should be independently verified by buyers. An excellent opportunity for investors, second-home buyers, or those seeking a turnkey STR just minutes from the heart of Pigeon Forge.
Updated Description:
Location, location, location! Just minutes from the main Parkway in Pigeon Forge, this Smoky Mountain retreat on Ridge Road combines outstanding proximity to area attractions, dining, shopping, and entertainment with the privacy of a wooded mountain setting. The property features a charming 480-square-foot honeymoon cabin currently operating as a short-term rental with an established rental history. Inside, guests are welcomed by rustic mountain character, a cozy gas fireplace, and updates completed within the past year designed to enhance comfort and overall guest appeal. The cabin generated approximately $36,000 in gross rental revenue last year. Using an estimated 30% operating-expense allowance, the property would produce an estimated $25,200 NOI, representing an approximate 8.4% cap rate at the $300,000 list price. Whether you're looking to expand your short-term rental portfolio, purchase a Smoky Mountain getaway, or acquire an investment property close to the heart of Pigeon Forge, this cabin offers an attractive combination of location, rental history, and income potential. Rental figures, expenses, NOI, and cap rate are estimates and are provided for informational purposes only. Buyers should independently verify all financial information and short-term rental requirements.
