New Construction coming to market in spring/summer 2023. Property is offered for sale by the land owner, who has contracted with a local builder to perform the work. Estimate of short term rental revenue potential: $70,000/year. Two adjacent neighbor properties annual revenue figures are as follows: 2BR cabin - $74.6K (Airdna), $67.1K (Pricelabs) 3BR cabin - $89.6K (Airdna), $106.6K (Pricelabs) Part of Spring Gap subdivision, a beautiful neighborhood that was formerly part of an HOA but no longer so. No unsightly buildings or junk left in the neighborhood, a large percentage of the neighboring cabins are short term rentals. Easy access (no steep grades) on paved road except for the last approximately 200 yards which are gravel. USPS address upon completion: 2966 Kulpan Way, Sevierville, TN 37862 For directions enter the following coordinates on your GPS map of choice (highly recommend to download offline map as reception is spotty): 35°42'31.4"N 83°37'16.9"W No need for a construction loan. Seller willing to finance up to 80% of the cost until cabin complition at which point the full amount is due after a 60-day grace period to allow buyer to do a cash out refinance if desired. Estimated completion date is May 30, 2023. Note that if there are any construction delays due to events outside of contractor's control which are covered by the terms of the contract between the seller and contractor then the buyer shall take ownership at a latter date than then initial estimate. Seller will do his best to incorporate buyer's design wishes during the finishing stage of the construction. The character of the cabin upon completion can be described as "modern rustic". Contact owner (email or text preferred): macrogliding@gmail.com 904-344-8740
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
