Historical Hotel & Motel Sale Listing - 55 Unit Complex - Pigeon Forge, TN

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55 Unit Complex - Pigeon Forge, TN

Main Strip, Pigeon Forge, TN 37863

N/A

55 Rooms | Hotel & Motel

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Hotel / Motel - Off Market

Price:
N/A
No. Rooms:
55
Building Size:
50,000 SF
Property Type:
Hotel & Motel
Property Sub-type:
Full Service
Property Use Type:
Business For Sale
Listing ID
17741227
Last Updated
over 1 year ago

Description

55 UNIT COMPLEX > 515K GROSS ANNUAL INCOME > 1.69MM PRICE > PIGEON FORGE, TENNESSEE
55 efficiency units, 1 bedroom, 1 bath
+ Lobby
+ Tenant laundry
+ Commercial laundry for guest services
+ Small commercial kitchen beside indoor pool
PROPERTY IS IN EXCELLENT CONDITION.
Rent is $200 per week per unit with a 3 week minimum, ALL CASH
Average tenant stays 8 weeks. Owner averages 100% occupancy for 40 weeks of the year during peak season. 60% occupancy for 12 weeks of the year during off peak.
Tenant laundry averages $1200+ per month income

Main Strip Pigeon Forge, TN

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Created 7/10/2012