Skip To Content

104 Circle Rd

Newport, TN 37821
  • $2,650,000
  • STATUS: Active
  • ON SITE: 44 Days
  • ID#: 1170889
UPDATED: 22 min ago
$2,650,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 21,892
    SQFT
  • $121
    $/SQFT
Type:
Multi-Family
Built:
2017
County:
Area:

School Ratings & Info

Description

Investors Dream! Welcome to Unwind Acres! SEVEN INCOME PRODUCING PROPERTIES! On almost 10 acres with mountain views! Only 24 miles to Downtown Gatlinburg. There are currently 6 rentals on VRBO that are Premier Host with 5 Star ratings! All rentals are sold turn-key! Four rentals sleep up to 4 each. Two rentals sleep up to 2 each. There is also a main house (2432 sq ft) that is currently being lived in by sellers, but can do well on a rental program or can be lived in by owner. In addition to the overnight rentals, there is an adorable chapel, and a HUGE and fully equipped event center that is used for weddings, baby showers, parties, corporate meetings, etc. There is also a community laundry center, that could be turned into another rental or kept as a laundry facility.But wait, there's MORE! There are 10 vacant concrete pads with electric, water, and septic already set for RV /campers or to add additional cabins. Have your guests enjoy the pavilion area that has picnic tables and grills for their use, or the fire pit area to roast marshmallows and stay warm by the fire. A playground is also there for children to be able to enjoy and have lots of fun! Unwind Acres has always been self-managed with very minimal marketing. Projection from a STR company projects the current rental properties to gross approximately $250,000 annually. This projection doesn't even include income for the Event Center or campsites/ more cabins. Possibilities are endless!!!!! Buyer and buyers agent to verify all info. All information obtained from CRS tax records and seller. There are 3 virtual tours available to view.

Monthly Payment Calculator



© 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 Cindy Kraus Group | Engel & Völkers Knoxville. Information is deemed reliable but is not guaranteed accurate by the MLS or Cindy Kraus Group | Engel & Völkers Knoxville. Data last updated: 2021-12-01T18:55:30.933.
www.ckrausgroup.com/homes/122525564
Print Image

104 Circle Rd Newport, TN 37821

  • Price: $2,650,000
  • Status: Active
  • On Site: 44 Days
  • Updated: 22 min ago
  • ID#: 1170889
0
Beds
0
Baths
0
½ Baths
N/A
Acres
21,892
SQFT
$121
$/SQFT
2017
Built
County:
Cocke
Area:
Newport
Property Description
Investors Dream! Welcome to Unwind Acres! SEVEN INCOME PRODUCING PROPERTIES! On almost 10 acres with mountain views! Only 24 miles to Downtown Gatlinburg. There are currently 6 rentals on VRBO that are Premier Host with 5 Star ratings! All rentals are sold turn-key! Four rentals sleep up to 4 each. Two rentals sleep up to 2 each. There is also a main house (2432 sq ft) that is currently being lived in by sellers, but can do well on a rental program or can be lived in by owner. In addition to the overnight rentals, there is an adorable chapel, and a HUGE and fully equipped event center that is used for weddings, baby showers, parties, corporate meetings, etc. There is also a community laundry center, that could be turned into another rental or kept as a laundry facility.But wait, there's MORE! There are 10 vacant concrete pads with electric, water, and septic already set for RV /campers or to add additional cabins. Have your guests enjoy the pavilion area that has picnic tables and grills for their use, or the fire pit area to roast marshmallows and stay warm by the fire. A playground is also there for children to be able to enjoy and have lots of fun! Unwind Acres has always been self-managed with very minimal marketing. Projection from a STR company projects the current rental properties to gross approximately $250,000 annually. This projection doesn't even include income for the Event Center or campsites/ more cabins. Possibilities are endless!!!!! Buyer and buyers agent to verify all info. All information obtained from CRS tax records and seller. There are 3 virtual tours available to view.
Exterior Features

Construction BlockFrameLogOtherSteel Driveway Yes Exterior Features BalconyCable Available (Tv Only)DeckFence - WoodPatioPorch - CoveredWindows - Dble Pane Garage Parking AttachedCarportGarage Door OpenerOn Premise Parking Lot Size 942X108x852x448x350x125 Siding LogMetalOtherVinyl

Interior Features

Appliances DishwasherDryerGas GrillMicrowaveOtherRangeRefrigeratorSecurity AlarmSmoke DetectorWasher Cooling Ceiling Fan(S)Central CoolingWall CoolingWindow Unit(S) Floors CarpetHardwoodOther Fuel Electric Heat CentralHeat PumpOther Misc Features Hot TubInternet AvailableIsland in KitchenPantryWalk-In ClosetsWalk-In ShowerWasher/Dryer ConnectWet BarWhirlpool Tub Other Rooms Family RoomMstr Bdrm Main Level

Property Features

Auction YN No City County Code County City Taxes 0.00 County Taxes 1983.39 Gross Annual Income 84457.00 Lease Information Vrbo Premier Host 5-Star Miscellaneous BalconyCoin LaundryPatioPlayparksPorchSecurity SystemTv Cable AvailableUtility RoomWasher/Dryer Cnctns Multifamily Sub Type Other Net Operating Income 65401.00 New Financing CashConventional Owner Expenses Common Area MaintenanceElectricityInsuranceOtherTaxesWater Property Status N/A Pud YN No Restrictions No Sale Includes All FurnishingsBuilding And Land Tenant Expenses Other Total Tax 1983.30 Type Of Units 1 Bedroom Unit3 Or More Bdrm UnitsFurnishedOther Units Leased 6.00 Utilities Mo Avg 1588.00

Listing information © 2021 Knoxville Area Association of REALTORS®, Inc.
Listing provided courtesy of Crye-Leike Lakeway West, Realtors.


© 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 Cindy Kraus Group | Engel & Völkers Knoxville. Information is deemed reliable but is not guaranteed accurate by the MLS or Cindy Kraus Group | Engel & Völkers Knoxville. Data last updated: 2021-12-01T18:55:30.933.
 
https://bt-photos.global.ssl.fastly.net/kaar/1280_boomver_1_1170889-2.jpg https://bt-photos.global.ssl.fastly.net/kaar/1280_boomver_1_1170889-2.jpg https://bt-photos.global.ssl.fastly.net/kaar/1280_boomver_1_1170889-2.jpg
Logo
Cindy Kraus Group | Engel & Völkers Knoxville
11347 Parkside Drive
Knoxville TN, 37934