516 & 537 Proffitt Rd. & Johnson Ln. Unit 1-7, Gatlinburg, TN 37738
- $4,100,000
- 21
- BD
- 14
- BA
- 10,850
- SqFt
- List Price
- $4,100,000
- MLS#
- 1349974
- Status
- ACTIVE
- Type
- Single Family Residential
- City
- Gatlinburg
- County
- Sevier
- Bedrooms
- 21
- Bathrooms
- 14
- Living Area
- 10,850
- Year Built
- 2007
- Subdivision
- Cambridge Estates
- Occupancy
- Either
Property Description
Seven doors. One closing. One area in Gatlinburg. And no HOA. Most investors spend a decade assembling what this portfolio hands you on day one. These properties include: 516 Proffitt Rd Townhomes 1 & 2, 520 Proffitt Rd Townhome 1, 537 Johnson Ln. Townhomes 1 & 2, and 541 Johnson Ln. Townhomes 1 & 2. Seven short term rental townhomes standing side by side in the Great Smoky Arts & Crafts Community, six miles from the most visited national park in America. Instead of relying on a single property to produce revenue, this portfolio gives you multiple income-producing units working at the same time. If one unit experiences a vacancy, the others can continue generating cash flow, helping create a more resilient and consistent revenue stream. Every unit renovated top to bottom in 2026. Every unit is fully furnished. Every unit is the same: 3 bedrooms, 2 baths, bonus room, roughly 1,500 sq ft, private hot tub, three private balconies opening into the trees with seasonal mountain views. Sleeps 8. This is not a projection on paper. These units are already live, already renting, already earning 5-star reviews, with projected gross revenue of $62,800 per unit and roughly $440,000 across the portfolio. Seven identical doors in one area means one cleaning crew, one maintenance vendor, one pricing strategy, one playbook. Scale without the chaos of scaling. The Smoky Mountain corridor at its highest demand. Walk into cash flow, not a project.
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Additional Information
- Acres
- 0.01
- Appliances
- Dishwasher, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer, Dryer
- Basement
- Yes
- Construction
- Frame, Wood Siding
- Cooling
- Ceiling Fan(s), Central Air
- Floors
- Luxury Vinyl Plank
- Garage
- Main Level, Off Street, Common, Assigned
- Living Area
- 10,850
- Lot Description
- Cul-De-Sac, Zero Lot Line
- Style
- Contemporary
- View
- Wooded, Seasonal Mountain View
- Year Built
- 2007
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Agent: Chris Ball |
Office: Keller Williams Realty |