Vacation Rental Property For Sale

Lookout Mountain, GA (Walker County)

Amazing Master Bedroom View - Overlooking The Valley Floor Below

Asking Price:$750,000

Cash Flow:N/A

Gross Revenue:$204,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:$700,000

Established:2014

Vacation Rental Property For Sale

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Business Description

Rents Year Round. Located Beside Famous Rock City and Chattanooga, TN.

This new home is located on the brow of Lookout Mountain beside the world famous Rock City destination, within 5-10 minutes of driving time from downtown Chattanooga. With a 100 foot waterfall on the property and private trails that lead you along the bottom of the beautiful cliff, it's hard to find a reason to leave once you arrive! Read more about this home in CityScope Magazine :

The home is newly built and features a large open floor plan main living area. Nano doors accordion open to reveal 30+ feet of open air that lead you onto a 800 square foot deck overlooking the valley floor. A stone outdoor fireplace is located on the deck to keep you warm at night, complete with outdoor lighting and speakers.

Inside the kitchen features all stainless steel appliance and commercial grade stainless steel countertops. The island also acts as a great bar area for lounging while cooking dinner.

The guest bedroom is cozy with a queen size bed and it's own private bathroom.

The master bedroom steals the thunder from the rest of the house. Lined with windows facing the valley floor, you are woken in the morning by beautiful sunrises and put to sleep at night with the sound of the waterfall flowing beside the house. French doors open from the master bedroom and lead you out onto the deck. The master bath features a walk in shower, and a large soaking tub. A walk in closet provides all the space you need for your amenities.

Other attractions located by the house are Ruby Falls, Cloudland Canyon State Park, Chickamauga Battlefield Park, Chattanooga Nature Center, and the Lookout Mountain Golf Club. Within in 5 - 10 minutes, however, you can find yourself back downtown and in the middle of everything.

Outdoor enthusiasts will be more than pleased with the rock climbing, hiking, cycling, and running available from the front door of the house.

Attached Documents


Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
2,200
Employees:
0
Facilities:
Included in this sale is the vacation rental house, all previous tenants contact info, advertising sites on VRBO, AirBnB, FlipKey and Facebook (2 pages). My original asking price was $900k and included furniture. I think this confused some people, so I have removed the furniture and listed just the property and marketing material at $750k.
Competition:
There are other vacation rental properties in the area, but none with the success that this one has. It's success is due to the location, the view, and the design and decor of the house. It is also a perfect size as an investment property. In two years, I have only had two wine glasses broken and wear and tear on small items like linens. This is due to the property only being 2 bedroom, but being a higher end price range. This eliminates parties and keeps the place from being trashed.
Growth & Expansion:
There is possible expansion by increasing online advertising budget, adding more amenities such as a hot tub (which I have plans drawn out for already), or adding concierge service for higher end guests. These additions could increase the amount per night from the $400 range to the $500+.
Support & Training:
We will turn over admin access and ownership of all online advertising sites such as VRBO.com, AirBnB, FlipKey and Facebook. If desired, my team can continue to manage the property for you at a 35% rate per booking.
Reason for Selling:
I am working on a larger investment that requires more liquid.
Business Website:
http://vrbo.com/599195

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Business Listed By:
Sam Silvey

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