1120 Tucson Rd

🏡 Turnkey STR Cabin | Appraised Pre-Furnishings | New ARV $485K+ | $430K Assignment 📍 1120 Tucson Rd, Newport, TN 37821 3 Beds | 2 Baths | 1,580 Sq Ft | 1.69 Acres | Built end of 2023 This is a first time and possibly one-time opportunity to acquire a fully furnished,income-producing log cabin in the Smoky Mountains - priced below adjusted ARV and ready to cash flow from Day 1. 📊 VALUATION HIGHLIGHTS: -- Appraised at $435,000 on July 20, 2023 - BEFORE final finishes, furnishings, and paved driveway -- Upgrades since appraisal: a) Fully furnished for 12 guests (STR-ready) b) 7-person hot tub, arcade, two-level deck c) Custom stone shower, rustic hand-crafted spiral staircase, stainless steel appliances, paved driveway, and final finishes completed -- Adjusted ARV: $485,000-$495,000 (based on upgrades + STR income + new comps) 📈 STR PERFORMANCE: -- June 2025 Gross Income: $5,600 -- Active listing on AuntBugs.com -- Nightly rates: $110-$380 -- No rehab needed | Public water | Private septic | 200 Amp service 📐 JAMIL-STYLE COMPS (0.5 mi radius | 3/2 | +/-250sqft | Built after 2013) 1) 1452 Lower English Creek Rd -- 3 Bed / 2 Bath | 1,568sqft -- Built in 2022 | Sold for $273,000 -- Newer build, similar size 2) 1019 Fawn Ridge Way -- 3 Bed / 2 Bath | 1,456sqft -- Built in 2017 | Sold for $270,900 -- STR potential, similar layout 3) 1221 Piney Mountain Rd -- 3 Bed / 2 Bath | 1,568sqft -- Built in 2016 | Sold for $265,125 -- Rustic cabin style 4) 281 Ramblin Rd -- 3 Bed / 2 Bath | 1,380sqft -- Built in 2015 | Sold for $345,000 -- STR-ready, well-kept *These comps support a conservative ARV of $485K+, especially given the subject property's newer build, land size, custom finishes, being fully furnished (ALL furniture, appliances, and amenities convey with the property), and STR income. **Comps were pulled using Mr. Jamil Damji's comping rules. 💰 DEAL TERMS: -- Purchase Price: $430,000 plus closing -- Earnest Money Deposit: $4,300 refundable at closing -- Close on or before November 29, 2025