TN > Newport
Newport, TN 37821,2480-2482 Elk WAY
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Newport, TN 37821,2480-2482 Elk WAY
Newport, TN 37821,2480-2482 Elk WAY
Newport, TN 37821,2480-2482 Elk WAY
Newport, TN 37821,2480-2482 Elk WAY
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MaryAnn Patton

MaryAnn Patton

+1(423) 677-6592
$ 749,999
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2480-2482 Elk WAY Newport, TN 37821

1.93 Acres Lot

UPDATED:

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

Listed by Joseph Fernandez • Your Home Sold Guaranteed Realty
agent

MaryAnn Patton

Agent | License ID: 270165

+1(423) 677-6592

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2480-2482 Elk WAY

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