The story
Unit 1402 at 329 Ownby Street is a 2-bedroom, 2-bathroom condo in Gatlinburg, TN with 1,026 sq ft of living space, built in 2016. It is currently listed at $479,900, with a monthly HOA fee of $300. Highlights include city views.
$70,000 RENTAL GUARANTEE!! On top of the rental guarantee, chat with your accountant about the possibility of enormous tax advantages through bonus depreciation and a cost segregation study. Stabilized NOI of roughly 35K. 1.28X DSCR. Are you ready to start your Smoky Mountain real estate portfolio, but don't have a million dollars to begin? This condo is less than .2 miles to Gatlinburg Parkway, .4 miles to GSMNP entrance, and .5 miles to Gatlinburg Trail Trailhead. This complex was completed in 2026 so all the mechanicals and big ticket items have decades left on them before they should need replacing.
