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MaryAnn Patton

maryann@pattonsplace.com +1(423) 677-6592

$ 379,999

Est. payment -/mo

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2482 Elk WAY Newport, TN 37821

3,561 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,561 sqft

Price per Sqft $106

MLS Listing ID 9996552

Style Ranch

HOA Y/N No

Year Built 2000

Lot Size 0.780 Acres

Acres 0.78

Lot Dimensions 137x275x115x281

Property Sub-Type Multi Family

Source Tennessee/Virginia Regional MLS

Property Description

Turnkey Smoky Mountains Investment Opportunity - Income-Producing Tri-Plex with Mountain Views both front and rear. Discover a rare, cash-flowing multi-property asset in East Tennessee featuring a fully leased tri-plex ideally located near medical facilities, shopping, and dining. The tri-plex offers three 1-bedroom, 1.5-bath units (1,187 SF each), all currently producing income and well suited for either long-term or short-term rental strategies. Recent capital improvements include a brand-new roof and new HVAC systems on the tri-plex, significantly reducing near-term maintenance and capital expenditure for the next owner. Additional value comes from the open frontage land and a total of 0.78 of an acre Whether you're looking to expand a rental portfolio, capitalize on short-term rental demand near the Smokies, this property delivers: Immediate cash flow Multiple rental strategies, major system upgrades already completed desirable location Long-term appreciation potential A true turnkey investment with flexibility. This property is 53 minutes to Knoxville, 48 minutes to Pigeon Forge or Gatlinburg and only 45 minutes to Hot springs NC.

Location

State TN

County Cocke

Area 0.78

Zoning Residential

Direction From Newport US-321 towards Cosby turn left onto Old 32, continue to follow old 32. Turn left onto O'Neil Rd then turn left onto Elk Way. Stay on Elk way see sign. From Cosby take US-321 onto Old 32 then follow the remaining directions. Property is GPS friendly.

Interior

Interior Features Eat-in Kitchen, Laminate Counters, Open Floorplan

Heating Central, Heat Pump

Cooling Ceiling Fan(s), Central Air, Heat Pump

Flooring Tile, Carpet

Window Features Double Pane Windows

Appliance Cooktop, Dishwasher, Dryer, Electric Range, Range, Refrigerator, Washer

Heat Source Central, Heat Pump

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Parking Features Unpaved, Gravel

Utilities Available Electricity Connected, Water Connected, Cable Connected

View Mountain(s)

Roof Type Shingle

Topography Level

Porch Covered, Rear Porch

Building

Story 2

Entry Level Two

Foundation Slab

Sewer Septic Tank

Water Public

Architectural Style Ranch

Level or Stories 2

Structure Type Vinyl Siding,Wood Siding

New Construction No

Schools

Elementary Schools Cosby

Middle Schools None

High Schools Cosby

Others

Senior Community No

Tax ID 083 039.09

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Don Fabrikant • Country Living Realty

NEARBY SCHOOLS & PROPERTIES

MaryAnn Patton

Agent | License ID: 270165

+1(423) 677-6592

MaryAnn Patton

2482 Elk WAY Newport, TN 37821

Key Details

Location

Interior

Exterior

Building

Schools

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NEARBY SCHOOLS & PROPERTIES

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