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229 Maranatha Way
CosbyTN 37722

$1,300,000
for sale
Tools
Brochure
Size
5
Bedrooms
6
Full Baths
2
Partial Baths
4,468 Sq Ft.
interior
0.63 Acres
Exterior
Financial
$1,300,000
Change Currency
$291
Price Per Sqft
$3,299
Annual taxes
Listing Details
Single Family
Property type
2008
Year Built
11731367
Web Id
301275
MLS ID
63
Days Posted

Description

229 Maranatha Way,

Cosby, TN 37722

Uwoduhi Pool Lodge checks all the boxes for a successful short term rental cabin. The large gunite indoor pool is significantly larger than most in the Smokies. The nearly level land on over 1/2 acre lends itself perfectly for the outdoor fire pit and other outdoor amenities/fun. Guests can also keep themselves entertained with the large dedicated private theater room and separate game room. Each of the bedrooms (5 plus one bonus room) are spacious and easily accommodate guests in comfort. Now let's talk numbers, where the cabin really shines. The cabin has been owned by the same owner since April 2017, so there is plenty of rental data available to analyze your investment. For the past 5 years (2019 to 2023) the cabin has averaged $166,474.55 per year. Want to take the data back an extra year averaging the past 6 years (2018 to 2023)? That results in an average of $163,526.27 per year. At the listing price the cabin has averaged a GRM (Gross Rental Multiplier) of 7.81 per year at the average rental over the past 5 years. Far better for an investor than the average cabin on the market today or over the course of the last several years. These figures do NOT include cleaning fees or any other fees/taxes added into the gross rental income since the property has been professionally managed and those fees are not included in the data presented to owners. However, a new owner does have the option of self managing the property or using any management company they wish. And best yet, the cabin is located a very short little jaunt of only 0.9 miles from the Cosby Entrance to the Great Smoky Mountains National Park. You or your guests could be fly fishing for trout in the beautiful streams and creeks of the National Park in a matter of a couple minutes. Many popular hiking trails are accessed from the Cosby Entrance Road a short distance away. If shopping and Gatlinburg is more your guests thing, then Gatlinburg city limits are less than 20 minutes away. How about golfing at award winning Bent Creek Golf Course or Ziplining at ClimbWorks (the highest rated Zipline in the Smokies)? Both are less than 10 miles away and have easy access on Highway 321. The location also offers easy access to I-40 to the East for those times when traffic getting in/out of Gatlinburg are heavy. Not to mention no steep roads to get to or access the cabin! Come check out one of the best investment cabins on the market now in our area, I don't think you'll be disappointed! (Please note in the photos some of the furniture has been replaced or rearranged, but is largely the same)

This is an Active listing.

Broker Office Phone Number: 865-277-8115

Copyright © 2024Great Smoky Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Amenities

  • Deck
  • Dishwasher
  • Fireplace(s)
  • Porch
  • Spa
  • Dryer Included
  • 1 Fireplace
  • Washer / Dryer
  • Heat Pump
  • Metal Roof

Price History

datepricevariancetype
5/30/2024$1,300,000-Listed
Listing By: Smoky Mountain Real Estate Cor via Data Source: Great Smoky Mountains Association of Realtors 
listing agent: Jay Fradd


Located at 229 Maranatha Way, Cosby, Tennessee 37722, this Single Family is for Sale with a price of $1,300,000 USD. The property was built in 2008, includes 5 bedrooms, has 6 full baths and 2 partial baths. This listing has 4,468 Sq.Ft. of interior space on a lot of .63 Acres. See all Homes for Sale in Cosby.
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