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420 Cottage Way
Parrottsville TN 37843
MLS #10003274 · Listing Courtesy of eXp Realty, LLC
$319,900
Active
3
Acres
2002
Built
Property Description
Rare find: two large, renovated residences on 3 park-like acres, priced well below the cost to build.
This side-by-side duplex in Parrottsville offers two spacious 1,008 sf homes, each with 2 bedrooms, 1 bath and an open, light-filled kitchen and living area. Built in 2002 and renovated in 2023, both feature luxury vinyl plank floors, updated kitchens with new appliances, fresh paint, new lighting and ceiling fans, their own heat pumps, W/D hookups and covered front porches, all under a metal roof.
The land is the showstopper: 3 acres of open ground backed by woods, with room for gardens, a fire pit, a play area or a workshop, just minutes from Newport. Space like this is hard to find with any rental, let alone a newer one.
Both homes are leased at $1,000/month through April 30, 2027, so income starts day one, and tenants pay their own separately metered electric and water. Live in one and rent the other, or keep both as rentals and let the property work for you.
Building new in East Tennessee runs $200+ per sf before land. Here you get two renovated homes and 3 acres for about $159 per sf.
Tenant-occupied. Please do not walk the property or disturb the tenants. Showings only after an accepted offer, during the inspection period, with proof of funds or lender pre-approval. Contact the listing agent for the full investment package with photos, aerial, rent roll and projected income.
Property Facts
Property TypeMulti Family
Sub TypeDuplex
MLS Number10003274
Lot DimensionsSee acres
City Taxes$0
County Taxes$1,585.06
Elementary SchoolParrottsville
Middle SchoolOut Of Area
High SchoolCocke Co
Features & Amenities
Interior
Ceiling Fan(s)
Central Air
Central Heating
Crawl Space Foundation
Double Pane Windows
Kitchen/Dining Combo
Luxury Vinyl Flooring
One-Level
Open Floorplan
Range
Refrigerator
Remodeled
Smoke Detector(s)
Exterior
Block Foundation
Duplex
Front Porch
Gravel
Metal Roof
Rolling Slope Lot
Vinyl Siding Exterior
Other
Above Average Condition
Leases
Pro-Forma Statement
Public Water
Updated/Remodeled Condition
Directions
Take TN-354 S/Boones Creek Rd to US-11E S/E Jackson Blvd in Jonesborough
Follow US-11E S and US-321 S to Carpenter Rd in Cocke County
Continue on Carpenter Rd. Take Allen Chapel Rd to Cottage Rd
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Additional Information
Contract InfoForeclosureNoEasementsNoneYesExpenses IncludeSee RemarksYesGeneral Property Description# Buildings1# of Units2HOANoStories1Total Units2ZoningMultiLocation Tax Legal InfoDeed Book #1,628Deed Page #784Structure TypeDuplexYesUnit 1# Bathrooms1# Bedrooms2# Rooms5# Units1Monthly Rent1,000SqFt1,008Unit 2# Bathrooms1# Bedrooms2# Rooms5# Units1Monthly Rent1,000SqFt1,008
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