Pinecrest Townhomes

Investment Overview

PWA Properties is pleased to present Pinecrest Townhomes, a 21-unit townhome community located in Pigeon Forge, TN, directly adjacent to Dollywood. The property currently operates as short-term rentals but offers multiple use options, including continued vacation rental operations, conversion to traditional apartments, or individual sale as condominium units. All units are two-bedroom, two-and-a-half-bath townhomes and the current owners have recently completed over $1.5 million of capital expenditures. Each unit features a washer and dryer, fireplace, and private balcony. The community includes a firepit and grilling area, as well as shared ownership in an adjacent HOA that provides access to the clubhouse and indoor swimming pool.

Investment Highlights

• 21-Unit Townhome Community
• $1.5 Million of Recently Completed Cap Ex
• 2 Bed / 2.5 Bath Units
• Centrally located in Pigeon Forge and adjacent to Dollywood