BEDS3
BATHS3 full 3 partial
MLS#711754
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: Ceiling Fan(s), Heat Pump
Heating: Heat Pump
Lot Size: 0.78 Acres
Roof Type: Asphalt
Year Built: 2000
Units
Unit Type 1:
Bedrooms: 1
Full Baths: 1
Half Baths: 1
Rent: $1040.00
Square Footage: 1187.00
Unit Type 2:
Bedrooms: 1
Full Baths: 1
Half Baths: 1
Rent: $1040.00
Square Footage: 1187.00
Unit Type 3:
Bedrooms: 1
Full Baths: 1
Half Baths: 1
Rent: $1000.00
Square Footage: 1187.00
Feature Descriptions
Appliances: Dryer, Washer, Refrigerator, Electric Water Heater, Electric Range, Electric Cooktop, Dishwasher
Exterior: Vinyl Siding, Wood Siding
Exterior: Awning(s), Rain Gutters
Fencing: None
Flooring: Carpet, Tile
HOA Y/N: No
Interior: Eat-in Kitchen, High Speed Internet
Laundry: Electric Dryer Hookup, Washer Hookup, Main Level, Laundry Room
Lot: Irregular Lot, Views, Open Lot, Level
Lot Dimensions: 137x275x115x281
Parcel #: 083 039.09
Porch/Patio/Deck: Covered, Rear Porch
Sewer: Septic Tank
View: Mountain(s)
Water: Public
Windows: Vinyl Frames, Double Pane Windows, Tilt Windows
Local Schools
High School: Cosby (K-12)
Elementary School: Cosby K-12
Listed By / Shown By
Listed By
Agency Name: Country Living Realty
Agency Phone: (423) 430-9012
Shown By
Agency Title: Franklin Realty Inc.
Agency Phone: 865-484-0660
Estimate Your Payment
Estimated Payment
$ 2,440.64 per month $2,329.80 Principal & Interest $0.00 Property Tax (data not provided by mls) $110.83 Homeowner's Insurance
2482 Elk Way | MLS# 711754
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 Newport real estate on www.franklinrealty.com today.