2524 Fleming Way
About This Property
Nestled near Douglas Lake with direct access to a boat ramp and community swimming pool, this property draws millions of visitors yearly due to its proximity to the Great Smoky Mountains National Park, Pigeon Forge, and Gatlinburg. It's currently managed as a thriving overnight rental, sold fully furnished and turn-key with future bookings already in place. This means immediate income potential for investors or those looking for a move-in-ready vacation home.
Accommodating up to nine guests, this cabin features two bedrooms, a loft with three twin beds, and a sleeper sofa, all thoughtfully decorated with an Americana theme. Inside, a cozy stone-faced fireplace, vaulted ceilings, and timber accents create a warm, inviting atmosphere. Recent upgrades, including new furniture and TVs, enhance its appeal and provide added comfort.
Outside, enjoy the wrap-around covered porch with new outdoor furniture and a private deck perfect for peaceful mornings or relaxing evenings. With parking for 2-3 cars, both guests and owners will find convenience at every turn.
Douglas Lake Resort's amenities-lake access, playground, boat trailer parking, and more-enhance the appeal, making it a top choice for vacationers. With this price reduction, now is the time to act. Seize this chance to own a piece of Tennessee paradise and capitalize on a proven income generator in the rental market.
Don't miss out on this exceptional investment opportunity.
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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 |
|---|---|---|---|
| Dec 27, 2024 | Sold | ||
| Sold | |||
| Jul 25, 2024 | Listed by 10 Realty LLC | $400,000 | |
| Listed by 10 Realty LLC | |||
| Aug 10, 2018 | Sold | ||
| Sold | |||
| Jun 8, 2018 | Listed by Your Home Sold Guaranteed Realty | $190,000 | |
| Listed by Your Home Sold Guaranteed Realty | |||
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Beautiful 2 bed 2 bath cabin, with rare 10 x 10 attached workshop with power. Open floor plan with spacious kitchen, granite countertops in Kitchen and Baths, Cathedral Ceilings in Living Room with Stack Stone Fireplace, Hot Tub on the main deck and a large Loft. New HVAC unit 2018 and new appliances. Game room in loft includes 3 sleeping bunks built into the walls and a rear deck. Located in quiet Douglas Lake Resort with excellent amenities: Pool, Clubhouse, Lake Access with Boat Docks, Boat Ramp, Walking Trails and Picnic Area and Playground. This cabin comes furnished, including Washer and Dryer, and would be great for overnight rental, primary residence, or a second home. The cabin has never been on an overnight rental program and is in great shape.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017