2482 Elk WAY, Newport, TN 37821
2482 Elk WAY, Newport, TN 37821
2482 Elk WAY, Newport, TN 37821
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Listed by Donald Fabrikant • Country Living Realty
$379,999
Est. payment /mo
3 Beds
6 Baths
33,976 SqFt
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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 33,976 sqft

Price per Sqft $11

MLS Listing ID 711754

Style Ranch

Bedrooms 3

Full Baths 3

Half Baths 3

Year Built 2000

Annual Tax Amount $2,154

Lot Size 0.780 Acres

Acres 0.78

Lot Dimensions 0.78

Property Sub-Type Triplex

Source Lakeway Area Association of REALTORS®

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

Direction 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.

Interior

Interior Features Eat-in Kitchen, High Speed Internet

Heating Heat Pump

Cooling Ceiling Fan(s), Heat Pump

Fireplace No

Window Features Double Pane Windows,Tilt Windows,Vinyl Frames

Exterior

Exterior Feature Awning(s), Rain Gutters

Parking Features Asphalt

Utilities Available Cable Connected, Electricity Connected, Water Connected

Porch Covered, Rear Porch

Building

Lot Description Irregular Lot, Level, Open Lot, Views

Water Public

Architectural Style Ranch

Structure Type Vinyl Siding,Wood Siding

Schools

High Schools Cosby (K-12)

Others

Senior Community No

Tax ID 083 039.09


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Scottie Hooper

Scottie Hooper

+1(423) 608-9020

Broker | License ID: 357007

Broker License ID: 357007

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