2823 River Rd, Tellico Plains, Tennessee, United States

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Home For Sale

$249,900

2823 River Rd
Tellico Plains, Tennessee, United States

3bd 1ba

Listed By: Realtyww Info

Listed On: 05/30/2023

Listing ID: GL10334584 View More Details

Description

RARE OPPORTUNITY- UNIQUE PROPERTY- INCOME PRODUCING cabin that won't last long- As almost never do you see 1/3 acre private lots with cabins available in the Green Cove community. Nestled in the heart of the Cherokee National Forest right across the street from the Tellico River sits your once in a lifetime opportunity to own a piece of paradise. With this cabin you can experience world class trout fishing, hiking, hunting, river and mountain views, and sight seeing all at your disposal. The new, large deck with picnic table will provide a wonderful gathering area for dinner with a view of the river-or simply enjoy falling to sleep to the sounds of the water. This cabin was fully renovated in 2022 with new laminate hardwood floors, cedarand pine tongue and groove in the walls and drop ceiling, new heat and air mini split, new appliances that convey, new tile in bathroom. Property has a large fire pit and nice outdoor grilling area w/ smoker, gas grill and BBQ pit that all convey. Also has an outdoor shed w/ a second refrigerator along with space for dry firewood, tools, etc. Cabin features highspeed Wifi and dish satellite TV along with the option for a landline phone if desired. All TV's convey as well. Sitting only two blocks (walking distance) from Country Store and Motel, this cabin has all the feels of the great outdoors all while connected to civilization. Currently plenty of parking available, however- the lot holds great potential to add on/add more improvements. The cabin has been steadily booked on AirBnB and VRBO- yielding 6k year to date with 5 star reviews to back. Seller is willing to transfer the bookings. Netting $350 a weekend during season. On pace to do 16k for 2023. Seller will possibly hold seller held 2nd mortgage note/ with sufficient down payment and will give reasonable terms. Seller held note at $50k (15 year term), max first mortgage loan $100k- w/ minimum down payment of $100k. Just a short drive down the mountain into proper Tellico Plains, you can find wonderful restaurants including Iron Works Grille, Tellico Grains Bakery and more! Grocery stores, museums, and more all lie within city limits. Cabin is to be sold AS-IS- No Repairs.

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Listed by: Honors Real Estate Services Llc