Michael Thompson
← INNOVATE Real Estate
No photos available for this listing

$2,299,500

2748 Florence Drive 9 units, Pigeon Forge, TN 37863
Pigeon Forge, TN 37863
Listed by Daria Turner · Whaley Realty CRL, LLC
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1997

About this home

Investment Opportunity in Pigeon Forge, TN. $140K gross rental income. Explore this portfolio of 9 meticulously maintained 1-bedroom condominiums in central Pigeon Forge, TN. Strategically located within a commercially zoned area and operated as successful short-term rentals, these units are attractively priced below market value. Each unit boasts 600 square feet and is fully furnished with appliances, kitchenware, decor, and furnishings, ensuring immediate functionality and aesthetic appeal. Recent updates vary from each unit. Situated within a larger complex of 30 units, this STR portfolio represents a substantial portion of the building. HOA includes water, sewer, grounds maintenance, building exterior and trash pick up. Call to schedule your showing today!

Property details

MLS #
1286945
Property type
Residential Income
Subdivision
N/A
Status
Active
Days on market
767
On market date
January 14, 2025
Stories
N/A
Garage spaces
N/A
Lot size
N/A

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Pigeon Forge Intermediate
1.23 mi away · Grades 3-6
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
414
Student:teacher ratio
15.3:1
District
Sevier County
Middle
Pigeon Forge Junior High School
0.7 mi away · Grades 7-9
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
453
Student:teacher ratio
11.0:1
District
Sevier County
High
Pigeon Forge High School
0.84 mi away · Grades 10-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
430
Student:teacher ratio
10.2:1
District
Sevier County

Mortgage calculator

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Est. monthly payment
$13,998/mo
$459,900 down
$1,839,600 loan
Principal & interest$11,932
Property tax (est.)$1,916
Home insurance (est.)$150

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Data source: Listing information provided by East Tennessee REALTORS® MLS via Trestle/CoreLogic. Last updated 16 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.