4222 Dollys Drive

About this property

EXTREMELY RARE 4 PLEX with a classic LONG RANGE SMOKY MOUNTAIN VIEW with each units used as a SHORT TERM RENTAL ! ! ! Potential to add a 5TH RENTAL UNIT!!! 2025 GROSS RENTAL INCOME @ $187,930!!! Units A, B & C are 3BR / 2.5BA townhome floor plans. Unit D is a 2BR / 2BA unit. For the VALUE ADD or FORCED EQUITY investors, there is potential to add a 5TH RENTAL UNIT!!! Unit C has an unfinished area directly above it that that could be converted into a 5TH UNIT, similar to Unit D, if the new buyer chooses. The size of the potential 5TH UNIT would be the same as Unit D at approximately 1400sqft. Each unit has a great LONG RANGE VIEW from the rear of the property. Units A & C have 2 decks and Unit B has 4 (3 decks out back with the view and one covered deck in front of the property overlooking the parking area). Please note in some listing photos show trees were not cleared, but have been recently removed. TOO MANY UPGRADES to list them all: new metal roof, new HVACs for every unit, new hot water heaters for every unit, new kitchen cabinets & granite in Units A & C, new electric fireplaces, new furniture, a new $15,000 water treatment and storage system with UV light so each unit gets purified water when they need it, new smart locks, new plumbing system where water can be shut off to one unit but the other three do not have to do without water, etc., etc. The seller has a background in construction and they have spared no expense in time and/or budget bringing this property back to life with minimal worries about critical system failures. TWO LOTS will also convey with the property: the one in which is it built and the lot to the right of the property (as you're facing the fourplex). HIGH SPEED BROADBAND INTERNET via Comcast/Xfinity available for each unit! Seller is open to transferring equipment leases to new owner to ensure no lack of service for tenants but Buyer will have to work with Comcast/Xfinity to get it setup prior to closing. With many multifamily properties, parking is often a problem. Not here! TONS OF PARKING for each unit without crowding everyone together. There are also 3 park-style grills for the mandatory outdoor BBQs guests demand. This cabin is SELF-MANAGED, so the owner has the option to ''transfer'' future rental reservations with an acceptable offer and agreed upon in writing by both Buyer and Seller. Seller can ensure as close to a TURNKEY change of ownership as possible by giving the new buyer their CLEANING COMPANY, any HANDYMEN/CONTRACTORS and/or any other vendors they use to self-manage from afar. This property has a VERY HIGH OCCUPANCY RATE, so if you're in town but can't schedule a walkthrough yourself, please ask the listing agent for the WALKTHROUGH VIDEOS and they will be sent to you.

Subdivision: Chapel Hills

MLS #311699 · Great Smoky Mountains Association of REALTORS®

Property facts

Status

Active

Property type

Multi Family

Bedrooms

11

Bathrooms

11

Living area

6,360 sq ft

Lot size

1.41 acres

Year built

1,990

County

Sevier

Price / sq ft

$299/sq ft

Days on market

101

MLS number

311699

Listing office

eXp Realty, LLC 7720

Features

• Mountain(s)
• Seasonal
• Electric
• Driveway
• Off Street