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2480 Elk Way, Newport, TN 37821 - $388,800

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Blue Ridge Properties Listing

2480 Elk Way, Newport, TN 37821 (MLS #9990558)

Basic Information:

Bedrooms: 3

Full Bathrooms: 4

Half Bathrooms: 0

Type: Residential

Sub Type: Single Family Residence

MLS Number: 9990558

Lot Acreage: 1.15000

Living Area: 2,569

Year Built:1884

Elementary School: Cosby

Middle School: Cosby

High School: Cosby

Public Remarks: Turnkey Smoky Mountains Investment Opportunity - Single-Family Home with Mountain Views. Discover a well-maintained, income-producing single-family home in East Tennessee, ideally located near medical facilities, shopping, and dining—an excellent option for both investors and owner-occupants. This 3-bedroom, 4-bath residence offers 2,569 square feet, a two-car garage, and sits on 1.15 acres, providing strong rental potential and long-term value. The property features mountain views from both the front and rear, a partially fenced yard, and a peaceful setting attractive to both long-term tenants and short-term rental guests. Recent capital improvements include a new roof and new deck, minimizing near-term maintenance costs and enhancing overall asset quality. The open frontage land also offers potential for future expansion or development (subject to zoning regulations). For investors, the adjacent income-producing tri-plex is also available and can be purchased as part of a package sale, creating a rare opportunity to acquire multiple cash-flowing properties in one transaction. Whether you're building a rental portfolio, entering the Smoky Mountains short-term rental market, or living on-site while generating income from neighboring rentals, this property delivers flexibility, location. Conveniently located approximately 53 minutes to Knoxville, 48 minutes to Pigeon Forge and Gatlinburg, and 45 minutes to Hot Springs, NC.

Listing Courtesy:Country Living Realty

More Listing Info:

AC:Ceiling Fan(s): true

AC:Heat Pump3: true

Appliances:Cooktop: true

Appliances:Dishwasher: true

Appliances:Dryer: true

Appliances:Electric Range: true

Appliances:Refrigerator: true

Appliances:Washer: true

Contract Info:Foreclosure: No

Easements:Other7: true

Exterior Finish:Wood Siding: true

Fencing:Back Yard: true

Fireplace:Living Room: true

Flooring:Carpet: true

Flooring:Tile2: true

Garage:Garage Spaces: 2

General Property Description:Above Grade SqFt: 2569.0

General Property Description:Acres: 1.15

General Property Description:Baths - Full: 4

General Property Description:Deed Book #2: 1627

General Property Description:Deed Page #2: 554

General Property Description:Elementary School3: Cosby

General Property Description:High School3: Cosby

General Property Description:HOA YN: No

General Property Description:Home Warranty: No

General Property Description:Lot #2: 13R

General Property Description:Lot Dimensions: 232x216x174x275

General Property Description:Middle School2: Cosby

General Property Description:Total Rooms2: 7

General Property Description:Total SqFt Finished: 2569.0

General Property Description:Total SqFt Unfinished: 0.0

General Property Description:Zoning2: residential

Heating:Heat Pump2: true

Interior Features:Laminate Counters: true

Interior Features:Open Floorplan: true

Laundry Features:Electric Dryer Hookup: true

Levels:One and One Half: true

Location Tax Legal Info:City Taxes: 0.0

Location Tax Legal Info:County Taxes: 1245.7

Parking Features:Driveway: true

Parking Features:Garage Door Opener: true

Parking Features:Gravel: true

PorchPatioDeck:Rear Porch: true

PorchPatioDeck:Side 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:userdefined80: Turnkey Smoky Mountains Investment Opportunity - Single-Family Home with Mountain Views. Discover a well-maintained, income-producing single-family home in East Tennessee, ideally located near medical facilities, shopping, and dining—an excellent option for both investors and owner-occupants. This 3-bedroom, 4-bath residence offers 2,569 square feet, a two-car garage, and sits on 1.15 acres, providing strong rental potential and long-term value. The property features mountain views from both the front and rear, a partially fenced yard, and a peaceful setting attractive to both long-term tenants and short-term rental guests. Recent capital improvements include a new roof and new deck, minimizing near-term maintenance costs and enhancing overall asset quality. The open frontage land also offers potential for future expansion or development (subject to zoning regulations). For investors, the adjacent income-producing tri-plex is also available and can be purchased as part of a package sale, creating a rare opportunity to acquire multiple cash-flowing properties in one transaction. Whether you're building a rental portfolio, entering the Smoky Mountains short-term rental market, or living on-site while generating income from neighboring rentals, this property delivers flexibility, location. Conveniently located approximately 53 minutes to Knoxville, 48 minutes to Pigeon Forge and Gatlinburg, and 45 minutes to Hot Springs, NC.

Roof:Shingle: true

Sewer:Septic Tank: true

SqFt Details:Basement Total SqFt: 0

SqFt Details:Finished SqFt Level 1: 2569

SqFt Details:Garage Attached SqFt: 720

SqFt Details:Garage Total SqFt: 720

Structure Type:House: true

Style:Ranch: true

TopographyLot Description:Level2: true

TopographyLot Description:Rolling Slope: true

Utilities:Cable Connected: true

Utilities:Electricity Connected: true

Utilities:Water Connected: true

View:Mountain(s): true

Walls:Drywall: true

Walls:Paneling: true

Water:Public: true

Window Features:Double Pane Windows: true