Kim Hanback
BEDS0
BATHS
SQUARE FEET3,586
MLS#3232634
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Ceiling Fan(s)
Heating: Central, Electric, Heat Pump
Lot Size: 137x275x115x281
Roof Type: Other
Taxes: $2,154
Year Built: 2000
Feature Descriptions
Exterior: Frame, Vinyl Siding, Other
Flooring: Carpet, Tile
Laundry: Washer Hookup, Electric Dryer Hookup
Lot Dimensions: 137x275x115x281
Parcel#: 083 03909 000
Units: 3
Utilities: Electricity Available
Local Schools
High School: Cosby High School
Middle School: Cosby Elementary
Elementary School: Cosby Elementary
Listed By / Shown By
Listed By
Agency Name: Country Living Realty
Agency Phone: 4234309012
Shown By
Agent Name: Kim Hanback
Agent Phone: (615) 305-5595
Agency Title: Crye-Leike Real Estate Services
Source: Nashville MLS
Estimate Your Payment
Estimated Payment
$ 179.50 per month $0.00 Principal & Interest $179.50 Property Tax $0.00 Homeowner's InsuranceChange Payment Information
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2482 Elk Way | MLS# 3232634
This multi-family property located at 2482 Elk Way , Newport, TN 37821 is currently listed for sale with an asking price of call for price. Search Newport real estate on kimhanback.crye-leike.com today.