Starr Crest Resort (Pigeon Forge, TN)
Starr Crest Resort (Pigeon Forge, TN) Real Estate News
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Investors!!! This is a great deal!!!
Lisa Hatfield (Pinnacle Real Estate Services)
Investors!!! Up to $110,000 in Equity!! This is what you have been waiting for. I have been given the opportunity to sell 2 unlisted cabins in Starr Crest Resort. The seller says “sell now”."Almost Heaven" is 1792 sq/ft luxury overnight cabin that grossed $54660 in 2005 and $51,950 in 2006. Seller letting go for $340,000. You can view the cabin at "Almost Perfect" is next door the cabin above and is the same size cabin. It grossed $46,198 in 2005 and $45,845 in 2006. Seller letting go for $340,000. You can view this cabin at The average sales price is $449,000, in the Starr Crest community. That average is over the last year 2007 and doesn't include the developer buying his own cabins. This is an amazing opportunity to own investment rental property with proven track record in an upscale resort; plus having instant equity (up to $119,000) in the property as soon as you buy the property. Seller says that the 2007 rental numbers are soft due to changing rental companies 3 months ago (he changed during the busiest time of the year).If you are interested in more information please contact me. I have income/expense spreadsheet for 2006 and 2007ytd from the seller and the list of recent sales from the tax records.
Pigeon Forge, TN Real Estate Professionals
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