1616 Mountain Lodge Way Sevierville, TN 37862

Listing details for 1616 Mountain Lodge Way, Sevierville, TN 37862 : Short sale approved. This property is a win win for the right investor. The income from the pool and the cabin/office/could be clubhouse can pay for your investment. This 3 bedroom log cabin and the community pool are for sale together. The cabin is currently being used as a rental office with good rental income of at least $2400.00 per month. The HOA currently leases and will continue to lease the pool. The current groos annual lease is $18,000.00 a year. The combined gross income is approx. $49,000. All operating expenses for pool are being paid by the HOA. Operating expenses for the cabin/office are very low. This property will give a good return on your investment. Projected income with loacl rental company is approximately $50,000.00 to $60,000.00 per year gross. Combine that with the pool income for total gross of 68,000 to 78,000 per year! The current cabin rental company lease is up in November. Rent the cabin as 3 bedroom rental, or make a clubhouse/office and rented for a good ROI. All of this right next to community pool. You can hang your towels on your deck railing, jump in the pool and dry off while relaxing on your own deck afterward. All information is deemed reliable, but not guaranteed. Buyer to verify. Sold As Is. APPROVED HORT SALE BY BANK. The proce, furniture, appliances, any bonuses and commission are all subject to selller's Bank/Lender approval and may be changed until seller's Bank/Lender's final approval of HUD 1. This property may go into foreclosure and that would void all contracts even those accepted. It msy/will take more time for the bank to respond so allow ample time for the closing date. Bank is in control of how offers are submitted. As with all Real Estate transactions you should verify all information indenpendently including HOA info and square footage. Buy Title insurance, have a survey, home inspection, and all other needed inspections. Buy insurance. Equal housing opportunity.