2482 Elk Way, Newport, TN 37821

$379,999
  • 2482 Elk Way, Newport, TN 37821 Main Photo

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Active
BEDS3 BATHS3 full 3 partial SQUARE FEET3,561 MLS#312190
STATUSActive PROPERTY TYPEMulti Unit - Multiple NEIGHBORHOODCocke County

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.

2482 Elk Way | MLS# 312190

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 Cocke County real estate on paulariffle.crye-leike.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air, Heat Pump
Heating: Central, Heat Pump
Home Style: Triplex
Lot Size: 0.78 Acres
Taxes: $2,154
Year Built: 2000

Feature Descriptions

Days on Site: 31
Exterior: Vinyl Siding, Wood Siding
Flooring: Carpet, Tile
Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, High Speed Internet
Laundry: Electric Dryer Hookup, Laundry Room, Main Level, Washer Hookup
Lot: Level
Lot Dimensions: 137x275x115x281
Parcel #: 083 039.09
Parking: Common, Gravel
Special View Info: Mountain(s)
Tenant Pays: Cable TV, Electricity, Water
Utilities: Cable Connected, Electricity Connected, Water Connected
View: Mountain(s)
Windows: Double Pane Windows

Listed By / Shown By

Listed By

Agency Name: Country Living Realty

Shown By

Agent Name: Paula Riffle
Agent Phone: (865) 659-6878
Agency Title: Crye-Leike Real Estate Services

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Source: GSMAR MLS

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Estimated Payment

$ 1,136.05 per month $845.72 Principal & Interest $179.50 Property Tax $110.83 Homeowner's Insurance

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