2482 Elk Way, Newport, TN 37821 - $379,999

Property Description

Listing Status

• More Listing Info

  AC:Ceiling Fan(s)	true
  AC:Central Air	true
  AC:Heat Pump3	true
  Appliances:Cooktop	true
  Appliances:Dishwasher	true
  Appliances:Dryer	true
  Appliances:Electric Range	true
  Appliances:Range	true
  Appliances:Refrigerator	true
  Appliances:Washer	true
  Contract Info:Foreclosure	No
  Easements:Other7	true
  Expenses Include:Lawn Maint	true
  Expenses Include:Taxes Real Estate	true
  Expenses Include:Waste	true
  Exterior Finish:Vinyl Siding	true
  Exterior Finish:Wood Siding	true
  Flooring:Carpet	true
  Flooring:Tile2	true
  Foundation:Slab	true
  General Property Description:# Buildings	1
  General Property Description:# of Units	3.0
  General Property Description:Acres	0.78
  General Property Description:Elementary School3	Cosby
  General Property Description:High School3	Cosby
  General Property Description:HOA YN	No
  General Property Description:Lot Dimensions	137x275x115x281
  General Property Description:Middle School2	None
  General Property Description:Stories2	2
  General Property Description:Total Units	3
  General Property Description:Zoning2	Residential
  Heating:Central	true
  Heating:Heat Pump2	true
  Income and Expenses:Gross Annual Income	5900
  Info Available:Survey2	true
  Interior Features:Eat-in Kitchen	true
  Interior Features:Laminate Counters	true
  Interior Features:Open Floorplan	true
  Laundry Features:Electric Dryer Hookup	true
  Laundry Features:Washer Hookup	true
  Levels:Two	true
  Location Tax Legal Info:Block	13R
  Location Tax Legal Info:City Taxes	0.0
  Location Tax Legal Info:County Taxes	2154.0
  Location Tax Legal Info:Deed Book #	1627
  Location Tax Legal Info:Deed Page #	554
  Other Rooms:Laundry	true
  Other Rooms:Primary Bathroom	true
  Parking Features:Gravel	true
  Parking Features:Unpaved	true
  PorchPatioDeck:Covered	true
  PorchPatioDeck:Rear Porch	true
  Property Condition:Average	true
  Remarks Misc:Directions3	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.
  Remarks Misc:Public Remarks7	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.
  Roof:Shingle	true
  Sewer:Septic Tank	true
  Structure Type:Triplex	true
  Style:Ranch2	true
  TopographyLot Description:Level2	true
  Unit 1:# Bathrooms5	1.0
  Unit 1:# Bedrooms3	1
  Unit 1:# Half Baths	1.0
  Unit 1:# Rooms4	4
  Unit 1:# Units	1
  Unit 1:Monthly Rent	1040
  Unit 1:SqFt6	1187
  Unit 2:# Bathrooms4	1.0
  Unit 2:# Bedrooms4	1
  Unit 2:# Half Baths2	1.0
  Unit 2:# Rooms3	4
  Unit 2:# Units2	1
  Unit 2:Monthly Rent2	1040
  Unit 2:SqFt5	1187
  Unit 3:# Bathrooms3	1.0
  Unit 3:# Bedrooms5	1
  Unit 3:# Rooms2	4
  Unit 3:# Units3	1
  Unit 3:Half Baths	1.0
  Unit 3:Monthly Rent3	1000
  Unit 3:SqFt2	1187
  Utilities:Cable Connected2	true
  Utilities:Electricity Connected	true
  Utilities:Water Connected	true
  View:Mountain(s)	true
  Walls:Drywall	true
  Water:Public	true
  Window Features:Double Pane Windows	true
  Videos:	(none)
  Virtual Tours:	(none)

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