Creek Place is a 22 unit complex comprised of furnished efficiency apartments. The primary resident base consists of seasonal tourism employees such as theme park workers, hotel and restaurant employees. The current owners have maintained consistent 100% occupancy with a wait list. There is limited competition in the area and Creek Place is highly regarded and has a great reputation for providing clean, safe housing for its residents.

Location Description:

The property is conveniently located on the East Parkway in close proximity to both the tourist areas of Gatlinburg as well as business resources and schools.

Highlights:

>> High occupancy history

>> Established, well managed property

>> Close to attractions

>> 33% Cash-on-Cash Return

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Cash at closing.

Sales Info:

>> Commision split: 4.0%