2482 Elk WAY, Newport, TN 37821
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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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Pamella Haynes

Pamella Haynes

+1(865) 355-0955
$ 379,999
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2482 Elk WAY Newport, TN 37821

3,586 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,586 sqft

Price per Sqft $105

MLS Listing ID 1343928

Year Built 2000

Lot Dimensions 137x275x115x281

Source East Tennessee REALTORS® MLS

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 - 39

Rooms

Other Rooms Other

Interior

Heating Heat Pump, Central, Electric

Cooling Central Cooling, Ceiling Fan(s)

Flooring Carpet, Tile

Window Features Windows - Dble Pane

Appliance Dishwasher, Dryer, Range, Refrigerator, Washer

Heat Source Heat Pump, Central, Electric

Exterior

Exterior Feature Windows - Vinyl

Parking Features On Premise Parking

Garage Description On Premise Parking

Roof Type Shingle

Garage No

Building

Faces 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.

Structure Type Vinyl Siding,Frame,Other

Schools

Elementary Schools Cosby

Middle Schools Cosby

High Schools Cosby

Others

Tax ID 083 039.09

Energy Description Electric

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Country Living Realty

NEARBY SCHOOLS & PROPERTIES

Pamella Haynes

Pamella Haynes

Broker Associate | License ID: 337966

+1(865) 355-0955

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