$995,000
$995,000
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2834 Florence Pigeon Forge, TN 37863
6 Beds
5 Baths
3,080 SqFt
Key Details
Sold Price $995,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 3,080 sqft
Price per Sqft $323
Subdivision Lafollette Addn
MLS Listing ID 240093
Sold Date 06/01/21
Style Cabin
Bedrooms 6
Full Baths 5
HOA Y/N No
Abv Grd Liv Area 1,820
Originating Board Great Smoky Mountains Association of REALTORS®
Year Built 1965
Annual Tax Amount $2,055
Tax Year 2019
Lot Size 0.310 Acres
Acres 0.31
Property Sub-Type Single Family Residence
Property Description
Unique one of a kind property in the heart of downtown Pigeon Forge. Zoned as commercial C2, this presents an excellent investment opportunity in the current market. Projected annual rental revenue of $120,000-$130,000. There simply is no other cabin located in the heart of Pigeon Forge within walking distance to The Island and surrounding attractions of the Parkway, let alone one that offers these amenities - Amazing new outdoor area with a new swim spa, outdoor fireplace on a large deck, theater room, hot tub and game room. All of this with no winding or steep roads, an abundance of level parking, and 2 Master Bedroom Suites on the main level. Projected Cap Rate of 8 to 8.7% from credible, high producing cabin property management company.
Location
State TN
County Sevier
Zoning C-6
Direction From the parkway in pigeon forge turn onto Sharon drive next to the jungle boat ride, turn left onto florence dr. house is 1/4 mile on the right.
Rooms
Basement Basement, Finished
Interior
Interior Features Ceiling Fan(s), High Speed Internet, Wet Bar
Heating Forced Air, Natural Gas
Cooling Electric, Heat Pump
Fireplaces Type Gas Log, Gas Starter
Fireplace Yes
Window Features Window Treatments
Appliance Dishwasher, Dryer, Electric Range, Microwave, Range Hood, Refrigerator, Washer
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Exterior Feature Rain Gutters
Pool Hot Tub
Utilities Available Cable Available
Roof Type Metal
Street Surface Paved
Porch Deck, Patio, Porch, Screened
Road Frontage City Street
Garage No
Building
Sewer Public Sewer
Water Public
Architectural Style Cabin
Structure Type Block,Frame,Log,Wood Siding
Others
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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