2480-2482 Elk WAY new Save Request In-Person Tour Request Virtual Tour
Newport,TN 37821
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 9982580
Style Townhouse,Traditional
HOA Y/N No
Year Built 1984
Lot Size 1.930 Acres
Acres 1.93
Lot Dimensions 216.9x345.72x275x186.54
Property Sub-Type Multi Family
Property Description
Incredible investment opportunity with panoramic Smoky Mountain views! This unique property offers multiple income streams and nearly 2 acres of land. Included is a spacious 3-bedroom, 4-bath main home plus a fully-rented tri-plex with three 1-bedroom units ? each offering 1,136 sq. ft. of living space. Projected rental income for all four units totals approximately $5,500 per month. The main home, built in 1984, offers approximately 2,350 sq. ft., a fenced yard perfect for pets, a brand-new back deck, and a new roof. It also features a 2-car attached garage and plenty of outdoor space for entertaining or relaxing with guests. Each townhome in the tri-plex has been updated with a new HVAC system and new roof. All four units are separately metered for water and electricity, making management simple. Whether you choose to live in the main house and manage the rentals next door, or rent them all out, this property offers flexibility and strong cash flow in a high-demand area.
Location
State TN
County Cocke
Area 1.93
Zoning Residential
Direction Continue on US-321. Drive to Elk Way 8 min (5.0 mi) Merge onto US-321 ? 203 ft Continue straight to stay on US-321 ? Pass by Wendy's (on the right in 0.3 mi) ? 4.1 mi Turn left onto Early Rd/Old Hwy 32 ? Continue to follow Old Hwy 32 ? 0.6 mi Turn left onto O'Neil Rd ? 0.2 mi Turn left onto Elk Way
Rooms
Basement Crawl Space
Interior
Interior Features Other
Heating Central
Cooling Central Air
Flooring Vinyl,Carpet
Fireplaces Type Brick
Fireplace Yes
Appliance Dishwasher,Range,Refrigerator
Heat Source Central
Exterior
Exterior Feature Other
Parking Features Garage Door Opener,Other
Garage Spaces 2.0
View Mountain(s)
Roof Type Shingle
Topography Level
Total Parking Spaces 2
Building
Foundation Other
Sewer Septic Tank
Water Public
Architectural Style Townhouse,Traditional
Structure Type Vinyl Siding,Wood Siding
Schools
Elementary Schools Tbd
Middle Schools Tbd
High Schools Cosby
Others
Senior Community No
Tax ID 083 039.05
Acceptable Financing Cash,Conventional,FHA,USDA Loan,VA Loan
Listing Terms Cash,Conventional,FHA,USDA Loan,VA Loan