1816 Elk Springs Way, “Serenity Lodge”, Gatlinburg, TN 37738 (MLS# 256085)

Your dream investment cabin has just hit the market! Serenity Lodge is a five bedroom, four bath cabin in Elk Springs Resort just outside of Gatlinburg. Rarely does a five bedroom quality cabin in a highly regarded neighborhood come up for sale at this price! The great number of bedrooms for the price, price per square foot, and low operating costs create an appealing investment opportunity. Featuring a top notch private theater room, it produced $118,006 (2021) and $103,378 (2022) the past two years (just includes rental rate revenues, not cleaning fees, taxes, or any other related fees/taxes). The $150 monthly HOA fee is a bargain as it includes the water and Xfinity cable/internet which often is higher than $150 monthly on its own! Elk Springs Resort is also one of the few cabin communities that has natural gas (through Sevier County Utility District) so your fireplaces will heat effectively and efficiently! Operating costs are surprisingly low for a five bedroom STR cabin of its size with monthly averages of electric at $285, community septic $108, gas $117, the cable/internet/water all covered within the $150 HOA fee, and reasonable insurance costs. There are decks and porches galore at Serenity Lodge allowing for some great porch sitting and opening up opportunities for some outdoor living for guests. Serenity Lodge doesn't lack fun or amenities and this isn't your run of the mill theater room haphazardly thrown into a game room as a secondary thought. This cabin features a dedicated theater room with dark stained T&G walls for folks to watch their favorite shows in style! Opportunities for fun abound with the arcades, pool table, air hockey, bar area, and card table. The cabin is also tastefully decorated throughout. Elk Springs Resort and this cabin are ideally situated in the Gatlinburg Arts & Crafts community just east of Gatlinburg. The property is easily accessed without steep roads near the front of the subdivision and just minutes from downtown Gatlinburg and even closer to the Gatlinburg Arts & Crafts Community on Glades Road. Schedule a showing and write an offer on this spectacular cabin - you won't be disappointed! The great rental income, convenient easy access location, and excellent bang for your buck HOA fees are a recipe for success in our short term cabin rental market.