As noted in other posts we are offering a group of log cabins at a little above one-half of the appraised value, or 80 percent of the last advertised price by the bank-owner. As an illustration, one of my favorites in this group, the seller will take $184,000. It is listed for $230,000, and the tax appraisal for it is $330,000. The rental income last year (2009) was $45,514. Revenues for the group ranged from $24,000 to over $45,000 in 2009.
Summary of Low Priced Log Cabin purchase opportunities A log cabin investment in the Great Smoky Mountains area is an opportunity you may want to explore at this time, in spite of the slow recovery of the economy. The economy of the area continues to impart an environment for low prices for vacation and second […]
Possibilities for Low Priced Log Cabin Investment in the Great Smoky Mountains Region The real estate market continues to provide an atmosphere for low costs for vacation and second home log cabin properties in the Great Smoky Mountain region. Cabins located in Sevier County near Gatlinburg, Pigeon Forge, and Sevierville are still providing in this […]