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5 Beds 5 Baths 2,392 SqFt. 267671 MLS ACTIVE Status
PRICE DROP PLUS $15,000 FOR BUYER!!! SELLERS TO GIVE BUYER $15,000 AT CLOSING TOWARDS MORTGAGE BUY DOWN POINTS OR BUYER EXPENSES WITH FULL PRICED OFFER. Currently SELF managed under EVOLVE. We have also attached a quote from Bear Tracs Management Company for the numbers they see in like cabins in the area. This cabin per their estimates may have the potential to raise rentals by approx. $10,000. * With the reduction in price and the $15,000 to buy down points, monthly payment was reduced significantly which raises your ROI! We calculated numbers of 25% down, 30 years conventional loan with $15,000 buy down. Rates were in the low 7's. Great ROI opportunity for those wanting to get into the market. You won't find a better deal. Has booked for $86,657 for 2023 but see attachment with Bear Tracts Management Company with their projections. REPAIRS HAVE BEEN DONE! Cabin has been highly maintained and most 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. This cabin is 3 miles to Dollywood and has the cabin experience while keeping your guests close to the main area for closing shopping! Great for families who have children and may need diapers, Tylenol at night etc. Great for church and business retreats. It 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. *Please confirm all rental projections directly with Bear Tracts.

505 Chickasaw Gap Way, Pigeon Forge

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