531 Reba Ln, Gatlinburg, TN 37738

This property is not for the investor who wants something flashy to show off to their friends. This property is for the business person who understands cash flow, cash on cash return, and profit margin. This is a duplex cabin that has been an amazing short term rental investment for our family. Upstairs is a studio unit, downstairs is a one-bedroom unit. Both units are entirely separate and rent as separate units. So, when you're doing the math on this property, it behaves financially as if it is TWO cabins. Gross rental revenue (combined, for both units) was over $100k in 2021. What makes this a great buy is that the expenses are much lower than high square footage properties at the same price point, so the profit margin is much higher. Upper unit is a studio with entrance on the front of the building. Lower unit is a one bedroom with entrance on the back of the building. The units do not connect anywhere on the inside. Each unit has a king-sized bed and it's own hot tub. Studio unit has a gas fireplace. 1/1 downstairs has an electric wall fireplace. This property comes COMPLETELY turn-key: it is a high performing rental that gets great reviews, many of which include the words "they thought of everything." Perfect for an out-of-town investor who does not want to face the daunting task of revamping and reviving a tired property. The basically identical cabin next door at 533 Reba Lane (with similar rental revenue) is also available for sale. Both cabins share one driveway and share the fire pit on the lower level. Current owners are willing to continue managing the property for new owners. When we purchased this property, it was with a local cabin management company. Under our management and with upgrades, the gross rental revenue has tripled relative to results from the previous management company. You could purchase a 5+ bedroom giant cookie-cutter cabin for the same price that suffers from WAY more wear and tear, higher expenses, and way more things that could go wrong vs. this little powerhouse of a property that makes an incredible return on investment and basically runs itself. Upper unit counters replaced in 2022. Couch replaced in 2021. All furniture in great shape. Hardwood floors and stone gas fireplace. Kitchen is fully stocked with appliances, dishes, glasses, silverware, cookware, bakeware. Central heat and air. Upper unit shower scheduled for remodel (tile) in mid-2022. Lower unit has whitewashed tongue and groove walls, engineered wood floors. Electric wall fireplace. Wall A/C and heat unit. Couch replaced in 2022. All furniture in great condition. Kitchen is fully stocked with appliances, dishes, glasses, silverware, cookware, bakeware. We are open to working with buyers agents and will pay appropriate commission. Please do not call requesting to list the property as a seller's agent.