This Hotel & Motel Property is Off-Market.

Main Strip
Pigeon Forge, TN 37863 ·

55 Rooms · Hotel & Motel For Sale

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55 Unit Complex - Pigeon Forge, TN

Price N/A Property Type Hotel & Motel
No. Rooms 55 Property Sub-type Full Service
Building Size 50,000 SF Property Use Type Business For Sale
Listing ID: 17741227 Date Created: 07/10/2012 Last Updated: 07/10/2012

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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Main Strip, Pigeon Forge, TN 37863 (Sevier County)

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