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1520 Rainbow Ridge Way

Sevierville, TN 37862
  • $999,999
  • STATUS: Active Under Contract
  • ON SITE: 120 Days
  • ID#: 1156867
Under Contract
UPDATED: 24 min ago
$999,999
  • 7
    BEDS
  • 0.01
    ACRES
  • 7
    BATHS
  • 1
    1/2 BATHS
  • 3,236
    SQFT
  • $309
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2006
County:
Area:

School Ratings & Info

Description

LOCATION!!! Huge, income producing cabin with amazing location. This 7 bedroom 7 1/2 bath cabin is just a short drive off of the Parkway near the Tanger shopping outlets. Gross earnings of $94k already on the books for 2021. Walking into the main level you are welcomed with tall cathedral ceilings, open concept living room and kitchen, and 2 Master Suites. Downstairs is a party paradise with 2 master suites, 1 bunk room suite, and a fully equipped game room. Upstairs will be 2 additional Master Suites. The cabin can sleep 20 guests on the rental program. The cabin grossed $85k in 2019 and $66k in 2020 (multiple cancellations due to COVID). With the size, amazing location, and established rentals, this cabin is sure to make a great addition to your portfolio.

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© 2021 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to JET Real Estate. Information is deemed reliable but is not guaranteed accurate by the MLS or JET Real Estate. Data last updated: 2021-10-16T16:51:43.857.
www.jetrealestate.com/homes/118386094
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1520 Rainbow Ridge Way Sevierville, TN 37862

  • Price: $999,999
  • Status: Active Under Contract
  • Updated: 24 min ago
  • ID#: 1156867
7
Beds
7
Baths
1
½ Baths
0.01
Acres
3,236
SQFT
$309
$/SQFT
2006
Built
Neighborhood:
Rainbow Ridge
County:
Sevier
Area:
Sevierville
Property Description
LOCATION!!! Huge, income producing cabin with amazing location. This 7 bedroom 7 1/2 bath cabin is just a short drive off of the Parkway near the Tanger shopping outlets. Gross earnings of $94k already on the books for 2021. Walking into the main level you are welcomed with tall cathedral ceilings, open concept living room and kitchen, and 2 Master Suites. Downstairs is a party paradise with 2 master suites, 1 bunk room suite, and a fully equipped game room. Upstairs will be 2 additional Master Suites. The cabin can sleep 20 guests on the rental program. The cabin grossed $85k in 2019 and $66k in 2020 (multiple cancellations due to COVID). With the size, amazing location, and established rentals, this cabin is sure to make a great addition to your portfolio.
Exterior Features

Attached Or Detached Type Detached Construction Log Exterior Features BalconyDeckPorch - Covered Garage Parking Designated Parking Lot Description LevelZero Lot Line Siding Log Style Cabin Type 2 Story Basement View Country Setting

Interior Features

Appliances DishwasherDryerMicrowaveRangeRefrigeratorWasher Basement Finished Basement YN Yes Bonus Room Yes Cooling Central Cooling Dining Area Kitchen/Dining Rm Co Fireplace Type Gas Log Fireplace YN Yes Fireplaces 4.00 Floors CarpetHardwoodLaminate Fuel Electric Heat Central Misc Features Cathedral CeilingHot TubInternet Available Other Rooms 2nd Rec RoomBasement Rec RoomFamily RoomLaundry/UtilityMstr Bdrm Main LevelOffice/Br Main Level Rooms 16 Sq Ft Down Level 1280.00 Sq Ft Main Level 1280.00 Sq Ft Second Level 676.00 Sq Ft Third Level 0.00

Property Features

Association Fee Incl Grounds Maintenance Auction YN No Community Amenities Lawn Care Extra Storage No HOA Mandatory Hoa Fee 100.00 Hoa Frequency Monthly Lot 6 New Financing CashConventionalNew Loan Property Status N/A Residential Sub Type Residential Restrictions Yes Site Built Yes Sq Ft Source Owner Total Tax 1447.08

Listing information © 2021 Knoxville Area Association of REALTORS®, Inc.
Listing provided courtesy of Tennessee Mountain Real Estate.


© 2021 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to JET Real Estate. Information is deemed reliable but is not guaranteed accurate by the MLS or JET Real Estate. Data last updated: 2021-10-16T16:51:43.857.
 
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