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4137 Watson Ct 4 Unit Apartment Building $2,300,000 ($575,000/Unit) Pigeon Forge, TN 37863



Investment Highlights
- Location
Executive Summary
INVESTMENT OPPORTUNITY | TURNKEY SHORT-TERM RENTAL PORTFOLIO 4 Properties | 5 Airbnb Listings | 8 Bedrooms + 1 Sleeping Room | 9 Bathrooms | Sleeps 26 | $237,035 Documented Gross Revenue in 2025 | Established STR Portfolio | 662 Verified Reviews Rare opportunity to own an established short-term rental portfolio in the heart of the Great Smoky Mountains. This unique offering includes four income-producing properties operating as five Airbnb listings throughout Pigeon Forge and Sevierville. Sold fully furnished and turnkey, the portfolio provides immediate cash flow, proven rental history, and a strong presence in one of the nation's most visited vacation destinations. The portfolio consists of Shine Ridge, a 2-bedroom cabin with mountain views, hot tub, arcade, and stone fireplace; Shine Valley #53, a 2-bedroom cabin with an additional sleeping room featuring panoramic mountain views, ensuite bedrooms, game loft, and community pool access; Tennorado Retreat, a 3-bedroom cabin offering a game room, fire pit, hot tub, and seasonal Dollywood fireworks views; and Loveland Hideaway Unit 2, a secluded 1-bedroom retreat featuring vaulted ceilings, a stone fireplace, private hot tub, fire pit, and peaceful wooded surroundings. An additional income advantage exists as Tennorado Retreat and Loveland Hideaway are situated on the same parcel, allowing them to be marketed together as a fifth rental option accommodating larger groups. The portfolio has generated 662 verified guest reviews and maintains a 4.88-star average rating, demonstrating a proven history of guest satisfaction and rental performance. All furnishings and future bookings convey with the sale, providing a turnkey investment opportunity with immediate income potential. Opportunities with documented income, extensive review history, and multiple revenue streams rarely become available in the Smoky Mountain market. With over 14 million annual visitors to the Great Smoky Mountains, investors benefit from strong year-round tourism demand in one of the nation's most established vacation rental destinations. Detailed financials, booking history, Airbnb listing links, performance reports, and property-specific revenue breakdowns are available to qualified buyers upon request.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,300,000 | Building Class | B |
| Price Per Unit | $575,000 | Lot Size | 3.00 AC |
| Sale Type | Investment | Building Size | 1,590 SF |
| No. Units | 4 | No. Stories | 6 |
| Property Type | Multifamily | Year Built | 2003 |
| Property Subtype | Apartment | ||
| Zoning | Commercial - Commercial Zoning | ||
| Price | $2,300,000 |
| Price Per Unit | $575,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 3.00 AC |
| Building Size | 1,590 SF |
| No. Stories | 6 |
| Year Built | 2003 |
| Zoning | Commercial - Commercial Zoning |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 1 | - | 1,648 |
| 1+1 | 1 | - | 531 |
| 2+2 | 1 | - | 1,153 |
| 2+3 | 1 | - | 2,400 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 105-108.01 | Improvements Assessment | $150,160 |
| Land Assessment | $15,000 | Total Assessment | $165,160 |
Property Taxes
Parcel Number
105-108.01
Land Assessment
$15,000
Improvements Assessment
$150,160
Total Assessment
$165,160
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4137 Watson Ct
