50
Map
1217 MCCARTER HOLLOW Road
About This Property
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 11, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Mar 19, 2025 | Listed by Tennessee Elite Realty | $3,450,000 | |
| Listed by Tennessee Elite Realty | |||
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Amazing Home, Perfect Location. This would make an amazing investment property with plenty of room to expand. Come a see for yourself what a great opportunity this is.
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| Oct 30, 2024 | Listed by Tennessee Elite Realty | $3,900,000 | |
| Listed by Tennessee Elite Realty | |||
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INVESTORS AND DEVELOPERS! PARTIAL OWNER FINANCING AVAILABLE! CITY APPROVED PLANNED UNIT DEVELOPMEN OR ZONING APPROVES MULTI FAMILY APARTMENT BUILDINGS LOCATED IN A HIGH VISIBILITY LOCATION RIGHT OFF VETERANS PARKWAY RIGHT ACROSS FROM DOLLYWOOD IN THE CITY LIMITS OF PIGEON FORGE, TN! THIS PROPERTY IS ZONED R-2 (HIGH DENSITY RESIDENTIAL) CONSISTS OF 7 ACRES WITH CITY APPROVAL FOR 55 SHORT TERM RENTAL UNITS WHICH INCLUDES AN EXISTING 4BR SHORT TERM RENTAL FULLY FURNISHED AND READY FOR RENTAL! ROAD CUT IN WITH ROUGHED IN GRADING AND SOME INFRASTRUCTUE ALREADY IN PLACE! READY TO START BUILDING WITH CITY WATER AND SEWER AT THE PROPERTY! The 54 proposed units will consist of thirteen, four-unit structures, and one, two-unit structure and will have be 2BR/2.5BA with a bonus room/loft and approx. 1400 sqft. each with three levels. This is an unbeatable location at the entrance to Dollywood and less than 2 miles to the parkway in Pigeon Forge with attractions, shopping, dining and more! Only a short drive to Gatlinburg. *See associated documents for site plan and additional information. *Drone photography was used* **CHECK OUT THE 3D VIRTUAL TOUR
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| Jun 1, 2022 | Sold | ||
| Sold | |||
| Apr 1, 2022 | Listed by Mountain Realty Group | $2,490,000 | |
| Listed by Mountain Realty Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017