1827 Elk Springs Way "Finder Keepers", Gatlinburg, TN 37862

$934,000
4
BD
3
BA
2,704
SqFt
Sold Price
$934,000
List Price
$1,079,000
Closing Date
Jun 08, 2023
MLS#
257371
Status
CLOSED
Type
Single Family Residential
City
Gatlinburg
County
Sevier
Bedrooms
4
Bathrooms
3
Living Area
2,704
Year Built
2008
Subdivision
Elk Springs Resort
Occupancy
Either

Property Description

Your dream investment cabin has just hit the market! Finders Keepers is a four bedroom, three bath cabin in Elk Springs Resort just outside of Gatlinburg. Rarely does a four bedroom cabin with this kind of rental income in a highly regarded neighborhood come up for sale at this price! In addition to the stellar rental income, the low operating costs create an appealing investment opportunity. Featuring a top notch private theater room, it produced $122,221 (2021) and $117,579 (2022) the past two years (just includes rental rate revenues, not cleaning fees, taxes, or any other related fees/taxes). The $150 monthly HOA fee is a bargain as it includes the water and Xfinity cable/internet which often is higher than $150 monthly on its own! Elk Springs Resort is also one of the few cabin communities that has natural gas (through Sevier County Utility District) so your fireplaces will heat effectively and efficiently! Operating costs are surprisingly low for a four bedroom STR cabin of its size with 2022 monthly averages of electric at $249, community septic $90, gas $116, the cable/internet/water all covered within the $150 HOA fee, and reasonable insurance costs. There are decks and porches galore at Finders Keepers allowing for some great porch sitting and opening up opportunities for some outdoor living for guests. "Finders Keepers" doesn't lack fun or amenities and this isn't your run of the mill theater room haphazardly thrown into a game room as a secondary thought. This cabin features a dedicated theater room with dark stained T&G walls for folks to watch their favorite shows in style! Opportunities for fun abound in the large game room area. The cabin is also tastefully decorated throughout. Elk Springs Resort and this cabin are ideally situated in the Gatlinburg Arts & Crafts community just east of Gatlinburg. The property is easily accessed without steep roads near the front of the subdivision and just minutes from downtown Gatlinburg and even closer to the Gatlinburg Arts & Crafts Community on Glades Road. Schedule a showing and write an offer on this spectacular cabin - you won't be disappointed! The great rental income, convenient easy access location, and excellent bang for your buck HOA fees are a recipe for success in our short term cabin rental market.

Additional Information

Amenities
Other
HOA Frequency
Monthly
Appliances
Dishwasher, Dryer, Electric Cooktop, Electric Range, Microwave, Refrigerator, Washer
Cooling
Electric, Heat Pump
Exterior Features
Rain Gutters
Fireplace
Yes
Living Area
2,704
Style
Cabin, Log
Year Built
2008
Zoning
R-1

Mortgage Calculator

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Calculator source: Real Geeks

Agent: Jay Fradd |

Office: Smoky Mountain Real Estate Corporation |

Selling Office: .

Equal Housing Opportunity. All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. All content Copyright 1998-2024 Great Smoky Mountains Association of Realtors. All rights reserved. Last updated .