Townsend Real Estate Search

Townsend Multi-Family Properties for Sale

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Newest Townsend Multi-Family Homes for Sale

$3,495,000
20 Beds 19 Baths 267860 MLS ACTIVE Status
Nestled within the enchanting embrace of the Great Smoky Mountains; Townsend, the Peaceful Side of the Smokies. This exclusive resort offers a haven of tranquility spanning a vast expanse of 20.86 acres. With altitudes at 1,500 feet, guests are treated to truly majestic views that unfold across the breathtaking landscape. Boasting a financially successful track record, this property has quickly become a highly lucrative investment, primarily through its thriving short-term rental (STR) business. The resort's impressive rental income figures tell a compelling story—generating over $270,000 in its inaugural year of operation in 2022 and surpassing that with a fully booked second year in 2023, with earnings reaching $287,000. Projections for 2024 indicate a continued upward trajectory. Resort features a total of 8 cabins, including 5 traditional cabins and 3 treehouse cabins, each authentically and fully turnkey furnished. With a total of 56 sleeping accommodations comprising 15 bedrooms and 15.5 bathrooms, every cabin is meticulously maintained and lavishly equipped to ensure a comfortable and unforgettable experience for guests. Beyond the luxurious accommodations, guests can immerse themselves in the serenity of hiking trails that meander through the expansive property to connect with nature. Originally vacant for nearly 15 years, the current owner has quickly transformed this property into a flourishing STR business with no restrictions or limitations. You have flexibility to self-manage the property and set personalized rates or opt for a preferred property management company to oversee operations. Strategically positioned just 2 minutes away from Townsend's bike greenway and river-tubing hub, the resort enjoys a centralized location within proximity to esteemed attractions, including Cades Cove, Gatlinburg, Pigeon Forge, and Sevierville. Extensive updates, such as the installation of arcade games, hot tubs, plumbing infrastructure, HVAC units, and fire pits, have been thoughtfully completed across all 8 cabins. While the existing 8 cabins are flourishing, there's untapped potential for revenue growth on the property. The 360 Lodge, the 9th cabin, holds potential annual revenues ranging from $185,000 to $225,000. Additionally, a pavilion with its separate septic system and water well offers the potential to be converted into a 1-2 bedroom rental, yielding expected revenues of $35,000 to $55,000. A small barn also holds promise as a remarkable event venue, estimated to generate revenues of $120,000. Prospective buyers are encouraged to coordinate with the listing agent or be represented by a real estate agent before visiting the property, given its consistently booked status. This represents an extraordinary opportunity to own a slice of Great Smoky Mountain paradise, complete with a thriving STR business and boundless potential for growth and expansion.

460 Boat Gunnel Road, Townsend

$1,800,000
9,788 SqFt. 1236425 MLS ACTIVE Status
Explore the unique and exceptional charm of this property that stands out from the rest. Boasting an expansive 10,000 square feet, the potential of this real estate gem knows no bounds. Situated just a stone's throw away is the picturesque Little River, adding to the property's allure. Nestled in the heart of Townsend, a trio of houses graces this expansive land.With a grand total of 11 bedrooms, and 14 bathrooms. the luxury and comfort provided are unparalleled. This property's history is rich, once serving as a flourishing Mountain View Inn under the previous owner's care. Currently, the rooms are being individually rented, a testament to the enduring appeal of this location.The main house boast 4 bedrooms and 5 bathrooms, ensuring ample space and comfort for you and your loved ones. Gaze out from the main house to take in the breathtaking spectacle of the pool area, perfectly complemented by a panoramic view of majestic mountains.The pool house, a perfect addition to this haven, offers a captivating view of the shimmering pool and beyond. As you step inside, you'll be greeted by a fabulous bar area that sets the tone for entertainment and relaxation.Upstairs, discover a haven of comfort with three exquisitely designed bedrooms, with 5 bathrooms. This layout ensures convenience and privacy for all occupants. The pool house's design seamlessly combines style and functionality, creating a space that embodies both comfort and indulgence.Lastly, the third dwelling comprises an impressive quartet of bedrooms and an equal number of bathrooms, accompanied by a generously proportioned garage measuring 50x28, complete with a lofty 16-foot ceiling. This expansive garage stands as the ideal repository, offering ample storage capacity for all the belongings of the property's occupants.The possibilities for this property are as limitless as your imagination. Whether you envision restoring its former glory as a bed and breakfast, transforming it into a captivating wedding venue, or simply keeping it as a prime rental investment, the choice is yours to make.Don't miss out on the chance to own this piece of real estate wonder, where potential meets opportunity in a harmonious blend. Seize the chance to shape its future and capitalize on its myriad possibilities.

236 & 238 Webb Rd, Townsend

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Equal Housing Opportunity. All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. All content Copyright 1998-2024 Great Smoky Mountains Association of Realtors. All rights reserved. Last updated .