2482 Elk Way, Newport, TN 37821
2482 Elk Way, Newport, TN 37821
2482 Elk Way, Newport, TN 37821
2482 Elk Way, Newport, TN 37821
2482 Elk Way, Newport, TN 37821
2482 Elk Way, Newport, TN 37821
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Justin Reesy The Reesy Real Estate Team

Justin Reesy The Reesy Real Estate Team

+1(270) 779-9504
Listed by Don Fabrikant • Country Living Realty
$ 379,999
Est. payment | /mo

3,586 SqFt

Save
$ 379,999
Est. payment | /mo
Save

3,586 SqFt

Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 3,586 sqft

Price per Sqft $105

MLS Listing ID 3232634

Year Built 2000

Annual Tax Amount $2,154

Lot Dimensions 137x275x115x281

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.

Location

State TN

County Cocke County

Interior

Heating Central, Electric, Heat Pump

Cooling Central Air, Ceiling Fan(s)

Flooring Carpet, Tile

Fireplace N

Exterior

Utilities Available Electricity Available

View Y/N false

Roof Type Other

Private Pool false

Building

Structure Type Frame,Vinyl Siding,Other

New Construction false

Schools

Elementary Schools Cosby Elementary

Middle Schools Cosby Elementary

High Schools Cosby High School

Others

Senior Community false

Special Listing Condition Standard

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NEARBY SCHOOLS & PROPERTIES

Justin Reesy The Reesy Real Estate Team

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(270) 779-9504

justinreesy@kw.com

979 Lovers Lane Ste C., Bowling Green, Kentucky, 42103, USA

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2482 Elk Way