3729 Plaza Way - Apartments FOR SALE


Pigeon Forge, TN 37863
$6,300,000 USD
865-603-9887
3729 Plaza Way, Pigeon Forge, TN for Sale
$6,300,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

3729 Plaza Way
Pigeon Forge, TN 37863


HIGHLIGHTS

  • 21-Unit Townhome Community
  • $1.5 Million of Recently Completed Cap Ex
  • 2 Bed / 2.5 Bath Units
  • Centrally located in Pigeon Forge and adjacent to Dollywood

OVERVIEW

PWA Properties is pleased to present Pinecrest Townhomes, a 21-unit townhome community located in Pigeon Forge, TN, directly adjacent to Dollywood. The property currently operates as short-term rentals but offers multiple use options, including continued vacation rental operations, conversion to traditional apartments, or individual sale as condominium units. All units are two-bedroom, two-and-a-half-bath townhomes and the current owners have recently completed over $1.5 million of capital expenditures. Each unit features a washer and dryer, fireplace, and private balcony. The community includes a firepit and grilling area, as well as shared ownership in an adjacent HOA that provides access to the clubhouse and indoor swimming pool. Pinecrest Townhomes is situated Pigeon Forge, Tennessee - a premier destination within the Great Smoky Mountains region. This area consistently ranks among the most visited in the United States, drawing over 13 million annual visitors to the Great Smoky Mountains National Park. The region’s tourism economy is supported by a diverse mix of attractions, including one of the nation’s top theme parks, Dollywood, which is adjacent to the property. Additionally this property offers convenient access to Gatlinburg and the national park’s extensive trail systems, waterfalls, and scenic drives. Please visit the documents tab at the following link for more info: https://www.pwa-properties.com/properties/?propertyId=1597484-sale

FOR SALE DETAILS

PRICE

$6,300,000 USD

PRICE/SF

$197 USD /SF

# OF UNITS

21

PRICE/UNIT

$300,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pinecrest Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.72 AC

LAND SF

249,163 SF

ZONING

C-4

APN/PARCEL ID

095-031.03

ASK ABOUT THIS PROPERTY

Cohl MorganPWA PropertiesMore Info
865-603-9887

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Cohl MorganPWA PropertiesMore Info
865-603-9887

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.