109 Mount Luke Rd
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2024 | Sold | ||
| Sold | |||
| Jul 27, 2024 | Listed by Greater Impact Realty Lakeway | $84,000 | |
| Listed by Greater Impact Realty Lakeway | |||
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Seize the chance to own a piece of East Tennessee's hidden gem with this charming fixer-upper mountain cabin, perfectly nestled in the heart of Townsend, TN. This property is a fantastic investment opportunity, offering both the potential for a cozy personal retreat and a lucrative rental property.
Location, Location, Location!
- Centrally Located in Townsend, known as the peaceful side of the Smokies.
- Proximity to Nature: Just a few miles from the entrance to The Great Smoky Mountains National Park.
- Convenient Access: Less than 30 minutes from the bustling attractions of Pigeon Forge and Gatlinburg.
Discover Townsend
- East Tennessee's Best Kept Secret: Experience the quaint charm and laid-back atmosphere that make Townsend a beloved destination.
- Outdoor Recreation: Enjoy endless hiking trails, scenic drives, and outdoor activities right at your doorstep.
- Dining and Entertainment: Close to a variety of local dining options and entertainment venues that capture the spirit of the Smokies.
This cabin is the perfect canvas for your dream mountain getaway or vacation rental. Embrace the opportunity to renovate and customize this space to your liking, adding significant value and personal touches along the way.
Don't miss out on this rare investment opportunity in one of the most serene and picturesque areas of Tennessee. Come discover why Townsend is a treasure waiting to be explored!
Contact us today to schedule a viewing and start envisioning your future in this idyllic mountain setting.
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| Mar 27, 2024 | Sold | ||
| Sold | |||
| Jan 31, 2024 | Listed by Vision Properties Group | $69,900 | |
| Listed by Vision Properties Group | |||
| Jul 8, 2017 | Listed | $39,900 | |
| Listed | |||
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SQ.FT. from courthouse records. Property is being sold on As Is Basis. Tax parcel 095E A 031.00 has a permissive use agreement on a part of it for cabin #111 Mt. Luke Rd for parking and Maintaining any septic area that might be on it. Boundary line agreement with lot 15 Mt. Luke Rd Parcel # 095E A 026.00 as well. L.P. Tank in rented. Fireplace is capped off-Does Not work!! The manager has listed the unit size as 1450 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017