40 Grey Owl, Crossville, TN 38572
Units: 64
Resort Description
Set in the rolling hills of Crossville, Tennessee, Hiawatha West Resort is a lakeside getaway on Lake Tansi offering all three-bedroom residential townhouses on a golf course. The property blends natural scenery with a full range of resort comforts, including a pool, tennis courts, fitness center, and a pier on the lake, giving guests an easy mix of relaxation and recreation.
Highest & Best Use: Multifamily/Affordable Housing
Accommodation Information
- 72 total units (64 net units following removal of one building); three bedroom townhomes
- Predominantly renter-occupied
- Full kitchens with dining and living areas
- Fireplace in select units
- Lake and green-space views
Amenities
- Outdoor swimming pool
- Tennis courts
- Fitness center
- Game room
- Pier/lake access
- On-site coin-operated laundry
- Non-smoking rooms and public spaces
Nearby Attractions
- Lake Tansi — boating, fishing, and lake recreation
- Downtown Crossville shops and local restaurants
- Local wineries
- Historical sites and nearby state parks and nature reserves
Investment Highlights
Hiawatha West Resort offers a sizable, established unit base on Lake Tansi, a well-known Tennessee lake community, with a strong existing base of renter-occupied units supporting in-place income. The property’s amenity package — pool, tennis, fitness center, and lake pier — supports both long-term rental and vacation-stay demand, and its predominantly renter-occupied status provides a head start on stabilized cash flow for a new owner. Of the 72 total units, one building is slated for demolition, bringing the net unit count to 64.
