133 Water Tower Rd

GROSS RENTAL INCOME OF $154, 716.74 IN 2021. FULLY REMODELED ONE LEVEL 3 BR 2 BA CHALET WITH A PRIVATE POOL in Downtown Gatlinburg - less than 2 mi from major Gatlinburg attractions, walking distance to Trolleys. Chalet offers amenities which guests absolutely love -convenient location, Splash pool, Hot Tub under Gazebo with mountain views, City views from Deck, Basketball hoop, mini-golf/putting green, Fibre Optic internet, Arcade machines, Swings, ample parking, Paved city roads right to the home. Results are evident in vacation rental income numbers and guest reviews. Mountain chalet made more than 150k in 2021 after paying platform commissions and taxes.. In 2022, it made more than $92k in 8 months. In 2023 its expected to make between 110-145k depending upon market conditions. Property was completely renovated in different phases over last 4 yrs. In 2018 - New KITCHEN with TILE Backsplash and GRANITE COUNTERTOPS, HVAC, Roof, Windows; In 2019 -Outdoor Splash pool with concrete patio, deck, mini-golf, raised ceiling in living room, kitchen appliances, TVs, locally made custom furniture, water heater etc. In 2021 - Brand new flooring; In 2022 - raised ceilings in Dining room, electrical updates, new electric range, sofa, new fence, and retaining wall. Home is connected with City Water and Sewer and zoned C-2. Owner considered adding additional square footage by extending home towards swimming pool and making it an indoor swimming pool with mountain views from 2 sides- opportunities are endless!