506 & 504 Pine Mountain RD new Save Request In-Person Tour Request Virtual Tour
Pigeon Forge,TN 37863
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $321
MLS Listing ID 306547
Style Traditional
Bedrooms 5
Full Baths 3
Half Baths 1
Year Built 1949
Annual Tax Amount $3,252
Tax Year 2024
Lot Size 0.550 Acres
Property Sub-Type Single Family Residence
Property Description
2024 GROSS RENTAL INCOME @ $101,485.90 for TWO SHORT TERM RENTALS!!!
ALMOST 200 REVIEWS combined between these TWO STRs with an average rating of 4.92 on AirBNB!!!
LOCATION LOCATION LOCATION just 0.5 miles to the Parkway. Imagine all those happy guests willing to give you a 5 star review during the busy Summer and Fall seasons, especially DURING ROD DUN WEEKENDS, because your TWO PROPERTIES allows them to walk to the Parkway faster than they could drive their cars in all that traffic!!!
These TWO STRs have tons of outdoor space and visual appeal, as well as tons of parking and even has a 2 car garage and extra storage. Each STR has its own private outdoor space, covered hot tubs and individual parking, but the property as a whole also presents the option for large parties to book BOTH STRs so they can enjoy their vacation/family time together.
Another option is a potential buyer can OWNER OCCUPY one home and use the remaining property as an INCOME PROPERTY. Given the amazing location in downtown Pigeon Forge, and the proven rental income history on this property as a whole, having an income producing ADU is a very rare option here in the Smoky Mountains.
The main property is a two story structure with a large family room, open kitchen and dining room combo with 2 bedrooms on the main floor and 1 large bathroom. The upstairs has 1 bedroom and 1 full bathroom. The upstairs bedroom has an amazing porch with rocking chairs perfect to sip on your morning coffee and look over the collection of antique farm equipment that is getting harder & harder to find. There is also a covered and screened deck off the kitchen with an outdoor dining space.
The second property, or additional dwelling unit (ADU), is a single level rancher. Walking into the main living area and family room, you'll be amazed at the creativity that went into the seller's interior design process. Truly one of a kind items from innumerable local antique shops. This rancher has a full kitchen, 2 bedrooms and 1.5 bathrooms with a large outdoor area with hot tub, fire pit, etc.
Photos and a written description doesn't do these TWO STRs adequate justice and they really must be experienced for one's self. If you love A+ location properties with old world charm and PROVEN RENTAL INCOME, these TWO STRs should definitely be on your listing.
These properties are heavily rented, so if you're in town but can't see them b/c they're reserved or you're an out of state investor working with a local Realtor, please ask your Realtor (or the listing agent) for walkthrough videos and they will be provided. Some drone photography used in listing photos. Total SQFT is total of both properties: 1484 + 1316 = 2800 from tax records. 2024 Gross Rental Income numbers attached to the MLS documents.
Location
State TN
County Sevier
Zoning C2
Interior
Heating Electric,Natural Gas
Cooling Electric
Flooring Laminate,Tile
Fireplaces Number 2
Fireplaces Type Electric,Other
Laundry Electric Dryer Hookup,Main Level,Washer Hookup
Exterior
Exterior Feature Rain Gutters,Storage,Other
Parking Features Asphalt,Circular Driveway,Driveway,Gravel,Main Level Garage,Off Street
Garage Spaces 2.0
Fence Back Yard
Utilities Available Electricity Connected,High Speed Internet Connected,Internet Connected,Natural Gas Connected,Sewer Connected,Water Connected
View Y/N No
Roof Type Metal
Building
Lot Description Back Yard,City Lot,Front Yard,Landscaped,Wooded
Story 2
Sewer Public Sewer
Water Public
Structure Type Block,Frame
New Construction No
Others
Acceptable Financing 1031 Exchange,Cash,Conventional,FHA,VA Loan
Listing Terms 1031 Exchange,Cash,Conventional,FHA,VA Loan