Turn-key operation with positive cash flow for sale by owner. This is the best of both worlds: to have a mountain top getaway for your own enjoyment and collect enough rent year-round to pay for those weekend getaways. Even more, you?ll have an investment with great upside growth potential. The cabin comes professionally decorated and completely furnished.
Built in December 2006 on 1.6 acres, this 1,680 SF cabin is just 15 minutes up a mountain drive from downtown Gatlinburg. The design and construction of this cabin is top quality. The exterior is solid, cedar-stained wood with metal roof; and the interior walls and ceilings are 100% tongue-and-grove pine. There is no dry wall here. The cabin is on its own dedicated well and septic system. These utilities are not shared with neighboring properties. The indoor pool and waterfall in the walk-out basement make this cabin truly unique. With its own separate HVAC system and integrated heated floor, this room is an engineering marvel in how air temperature and humidity are controlled simultaneously with water temperature. Cabins of this quality have sold recently for more than $400,000.
This is a romantic getaway cabin for couples wanting to spend their honeymoon, special retreat, or anniversary. We call it Pool Time Paradise. Walking in the main floor entrance, there is a game room with pool table and TV. The living area is furnished with a leather sofa facing the TV with surround sound entertainment system and gas fireplace. The kitchen is completely stocked with everything you need to prepare a gourmet meal, including the wine glasses. The dining area opens up to the deck which looks toward the peaks of the Smoky Mountains. On the deck, you?ll enjoy the hot tub with a view, a pair of rocking chairs, and a gas barbeque. Heading upstairs to the loft, the first thing that will catch your eye is the red heart-shaped Jacuzzi tub. Sitting up in the king-sized sleigh bed, you?ll see the top of the Smokey Mountains eye-to-eye. Taking the stairs down to the walk-out lower level, you?ll see a mountain theme with a waterfall cascading into the indoor pool. This room is complete with lounge chairs and a massage table. Spending time at this beautiful cabin, you?ll feel totally rejuvenated with the grand views of the mountains, fresh air, peace, and quiet. Guests have even reported seeing a black bear wander up the driveway on occasion.
We have an excellent property manager. They do a great job in marketing our cabin, maintaining it, and achieving a very good occupancy rate. Our goal has always been to build the business and then sell it once it was generating a positive cash flow. This has taken every bit of the last five years and now we are seeing many repeat customers and referrals come stay in the cabin. This is a turn-key operation with a positive cash flow.
Please contact Chris Freiburg at 678- (Atlanta) for more information.
Pro Forma Financial Analysis
Demonstrated Annual Revenue $60,000
Property Management 24,000
Loan Interest* 11,792
Property Taxes 1,100
Total Expenses $48,892
Net Positive Cash Flow $11,108
* Loan interest calculated at 4.0% on $294,800 (80% of $368,500).
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