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2482 Elk Way, Newport, TN 37821

$379,999
  • 2482 Elk Way, Newport, TN 37821 Main Photo

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New to the Market Active
BEDS0 BATHS SQUARE FEET3,586 MLS#1343928
STATUSActive PROPERTY TYPEMulti Unit - Multiple NEIGHBORHOODCocke County - 39

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.

2482 Elk Way | MLS# 1343928

This multi-family property located at 2482 Elk Way, Newport, TN 37821 is currently listed for sale with an asking price of $379,999. Search Cocke County - 39 real estate on www.clcommercialrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Cooling, Ceiling Fan(s)
Fuel Type: Electric
Heating: Heat Pump, Central, Electric
Lot Size: 137x275x115x281
Year Built: 2000

Amenities

Windows - Vinyl

Feature Descriptions

Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
Days on Site: 1
Exterior: Vinyl Siding, Frame, Other
Flooring: Carpet, Tile
Lot Dimensions: 137x275x115x281
Parcel #: 083 039.09
Parking: On Premise Parking
SQFT Total: 3586
Units: 3

Local Schools

High School: Cosby
Middle School: Cosby
Elementary School: Cosby

Listed By / Shown By

Listed By

Agency Name: Country Living Realty

Shown By

Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666

IDX logo

Source: East Tennessee REALTORS

Estimate Your Payment

Estimated Payment

$ 956.55 per month $845.72 Principal & Interest $0.00 Property Tax (data not provided by mls) $110.83 Homeowner's Insurance

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