445 Dudley Creek Rd Gatlinburg, TN 37738
Property profile & analytics
445 Dudley Creek Rd Gatlinburg, TN 37738
- Commercial real estate
Property ID
US80-1561627
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 445 Dudley Creek Rd
- Property type
- Commercial real estate
Description
This exceptional six-unit apartment complex in Gatlinburg, Tennessee, presents a compelling investment opportunity. Located at 445 Dudley Creek Rd, 37738, this property boasts a prime location near downtown Gatlinburg, ensuring consistent high occupancy due to the area's limited workforce housing. The complex comprises two triplex buildings, each with its own roof (both replaced within the last two years), and a separate laundry building. A well-maintained, sealcoated and striped parking lot provides ample parking for residents. Four of the six units – two one-bedroom and two two-bedroom units – have undergone complete renovations, featuring new stainless steel appliances, kitchen cabinets, LVP flooring, paint, and updated bathrooms. The remaining two units are in good condition and maintain high occupancy, presenting an opportunity to further increase revenue through future renovations. Monthly rents range from $1,000 to $1,500, generating a total annual income approaching $90,000. Three new HVAC units were installed within the last two years. All utilities are separately metered for maximized net operating income (NOI), and a third-party operator manages the coin-operated laundry, minimizing operating expenses. The property's dual-building structure, situated on separate parcels, offers the potential for financing through two residential loans, potentially securing more favorable rates than a commercial loan. This turnkey investment provides immediate cash flow, with further potential for growth through renovations or market rent increases. The property's location also allows for the possibility of converting to short-term rentals. This is an ideal addition to an existing portfolio or a perfect entry point for real estate investors seeking a highly desirable, cash-flowing asset in a thriving tourist destination.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Gatlinburg
- County
- Sevier
- State
- Tennessee
- Longitude
- -83.497957758346
- Latitude
- 35.728601511074
