2202 Applewood Rd, Pigeon Forge, TN 37862

Serious Investors Only! This fully furnished Smoky Mountain lodge, located directly across from Dollywood, generates over $110,000 in annual rental income, has no property management fees, and features an assumable mortgage in the 3% range--a rare combination that's increasingly difficult to find. Ideally situated just minutes from the Parkway, The Island, premier dining, shopping, and the Great Smoky Mountains National Park, this 3,500-square-foot retreat offers 7 bedrooms with the potential for an 8th, 5 full bathrooms, two spacious living areas, an updated kitchen with granite countertops, and a large dining area designed for families, corporate retreats, and vacation groups. This proven, self-managed short-term rental has earned years of outstanding 5-star guest reviews, making it a true turnkey investment from day one. Guests enjoy relaxing on the expansive wraparound porch with rocking chairs and a porch swing, unwinding in the private hot tub after a day of adventure, or gathering around the fireplace for unforgettable evenings together. The property also offers parking for up to six vehicles, providing added convenience for larger groups. Whether you're expanding your investment portfolio, completing a 1031 exchange, or searching for a high-performing vacation property, this lodge delivers the rare combination of location, proven cash flow, and long-term appreciation potential. With its unbeatable location, exceptional rental history, and attractive assumable financing, opportunities like this in the heart of Pigeon Forge rarely come to market.