$299,900
Location is the first thing to understand about this property and it's the reason it books. Situated in Gatlinburg Towers, 0.3 miles from the Parkway with a walkable path along Baskins Creek into the heart of downtown. Anakeesta is 0.4 miles. Ripley's Aquarium is 0.5 miles. The National Park entrance is one mile. In this market, that kind of proximity on foot is a differentiator that shows up directly in occupancy.
The unit itself has been professionally remodeled with over $60,000 in owner investment. Both bathrooms and the kitchen were completely redone. New cabinets, granite countertops, stainless appliances, and custom chrome shelving in the kitchen. Stacked stone fireplace with a custom chrome mantle and underlighting. New flooring throughout, updated furniture including a chrome canopy bed, three new AC units, new water heater, and upgraded lighting. The finishes are distinctive and hold up well in photos, which drives booking conversion.
Two bedrooms, two full en-suite bathrooms, and a sleeper sofa bringing capacity to six. Mountain views from the fourth floor balcony, Smart TVs with streaming in every room, gas fireplace, Keurig, fully equipped kitchen, and access to the building's indoor heated pool and hot tub. Community washer and dryer in the building. Keyless self check-in. Parking for two vehicles on site.
This property has a track record of solid income production in prior years, with recent calendars reflecting extended personal use by the owner. The location does the heavy lifting here. A buyer who puts this unit on a full rental calendar has a well-documented market to work with.
Sold fully furnished and turn key.
2
Beds
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2
Baths
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1349241
MLS
413 Baskins Creek Rd Unit 406 406, Gatlinburg
