LaFollette, TN 37766
MLS# 1259115
2 beds | 904 sqft
Property Description
In Beautiful Deerfield Resort on Norris Lake with one of the best views that we have seen in some time is this 2 bedroom 2 bath fully furnished and move in ready Deer Hill Cottage. The unit features 2 bedrooms each on suite, full kitchen with gas stove and stainless appliances, nice size living room, laundry, pantry and walk out deck overlooking a panoramic view of Norris Lake. Unit also features a gas tankless on demand water heater. High speed internet and natural gas are installed. Overnight rentals are allowed, and there is a wonderful on-site company who can manage them ... Deerfield Vacation Rentals. The 2 bedroom upstairs portion of the unit next door grossed $27,000 in 2022. 2023 was $35,000 gross. Banking is the only issue with these units, as they are condos with rental units. ''Big'' banks are not able to do conventional loans on them. Locally we have United Cumberland Bank, Hearthside, Community Trust, and a couple others who will easily do the loan. Just not Fannie Mae and Freddie Mac loans. Golf course memberships... it is a public course, approximately $50 per round with cart without a membership. Memberships are available. Boat slips are available... they are $2995/year for a 10' x 30'... 3195/year for 11' x 30'
Listing Office: Fields Real Estate Co., INC.
Office Phone: 423-562-9633
Last Updated: April - 15 - 2024
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