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Listed by Don Fabrikant • Country Living Realty
$ 379,999
Est. payment /mo
New
2482 Elk Way Newport, TN 37821
3,586 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,586 sqft
Price per Sqft $105
MLS Listing ID 3232634
Year Built 2000
Annual Tax Amount $2,154
Lot Dimensions 137x275x115x281
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 County
Interior
Heating Central, Electric, Heat Pump
Cooling Central Air, Ceiling Fan(s)
Flooring Carpet, Tile
Fireplace N
Exterior
Utilities Available Electricity Available
View Y/N false
Roof Type Other
Private Pool false
Building
Structure Type Frame,Vinyl Siding,Other
New Construction false
Schools
Elementary Schools Cosby Elementary
Middle Schools Cosby Elementary
High Schools Cosby High School
Others
Senior Community false
Special Listing Condition Standard
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