3747 Edge Park Drive

Description

Cabin business for sale! This 4 bedroom with bonus rooms cabin has been run solely as a business for the past few years. It has 2 masters on the main floor with the living room and kitchen. 2 stories below host the additional bedrooms, bathrooms, laundry room, game room, and theater room. The cabin is just minutes from Metcalf Bottoms in the National Park. This access allows for playing by the river, picnicking, wading, and the short drive over the mountain through the park to Gatlinburg. The income last year alone was $177K documented. The cabin would have brought in 190+ last year if not also used by the owner over the summer. Vacasa is managing the rental currently. Their model is rent for more per night. They are charging triple what the last management company did. The seller has been getting between $1,000 and $3,000 a night depending on the time of year. A little lower in the off-season. Because of that, the rental calendar never looks that full, but it brings in a lot of money. In the last couple of years, it has had a strong history of booking at the last minute for full price. January of 2022 cabin grossed 8945.47. Improvements to the business include the following: *New platform in the theater along with new theater seats. *New ceiling tiles in the theater. *New video game machines New 50 inch flatscreens in all of the bedrooms and 86 inch tv in the theater Replaced quite a few mattresses. *New couches upstairs *Resealed decks *New hot tub on the top level with hardcover (bear-proof) *Repaired exterior lighting *Trees trimmed back and removed to improve the view *Upgraded to UV water purifier *New water pump and bladder Business being sold so the seller can do a 1031 and purchase rentals closer to their perm residence. Seller is motivated and encourages all offers to be presented.