4585 Hooper Highway
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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%.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jun 4, 2018 | Sold | ||
| Sold | |||
| May 30, 2018 | Listed | $199,000 | |
| Listed | |||
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Own 4 cabins on Greenbrier creek in The Smoky Mountains. The cabins were moved from downtown Gatlinburg in the 1980's You own both sides of the creek and have a 30 ft easement from Connie Town Road, and have road frontage with Hooper Highway. The property goes from Hooper highway across the creek to the ridge top. Building 1 and 2 are across the creek and are both 1 bedroom homes the one of the right has a loft with a sleeping area and is rented on Airbnb. The home on the left is rented long term. There is a common laundry workshop area in the middle connecting the two homes. Building #3 is occupied by the owner and is 2 bedrooms with 1 bath and has a lot of rustic charm with a wood burning fireplace and a nice size deck overlooking the creek. Building # 4 is under construction. All the framing and electrical work is complete. It has a covered porch on the creek side the entire length of the home. This will make a great investment opportunity and is convenient to downtown Gatlinburg, 2 National Park entrances, and whitewater rafting. The adjoining property is for sale see MLS 214532The manager has listed the unit size as 2556 square feet.
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| Feb 16, 2018 | Listed by Cosby Real Estate, Inc. | $199,000 | |
| Listed by Cosby Real Estate, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017