
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.
Listed By
Agency Name: Country Living Realty
Agency Phone: 423-430-9012
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Estimated Payment
$ 978.70 per month $865.30 Principal & Interest $0.00 Property Tax (data not provided by mls) $113.40 Homeowner's Insurance
2480 Elk Way | MLS# 9990558
This single family home located at 2480 Elk Way, Newport, TN 37821 is currently listed for sale with an asking price of $388,800. This property was built in 1884 and has 3 bedrooms and 4 full baths with 2569 sq. ft. Elk Way is located in the Not In Subdivision subdivision. Search Not In Subdivision real estate on www.clcommercialrealestate.com today.