Skip To Content

2480 Elk Way

Newport, TN 37821
  • $579,900
  • STATUS: Active
  • ON SITE: 33 Days
  • ID#: 1188213
UPDATED: 27 min ago
$579,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,418
    SQFT
  • $107
    $/SQFT
Type:
Multi-Family
Built:
1984
County:
Area:

School Ratings & Info

Description

If you are looking for a great investment opportunity with amazing Smoky Mountain views, look no further! The 3 bedroom 4 bathroom home could be put on a Short Term Rental program such as VRBO or AirBNB and generate a healthy cash flow. The property also includes 3 1 bedroom townhomes that are currently rented and generating $18K+ per year. Approx 2 acres of property including an extra lot that has already perked for 3 additional 1 bedroom townhomes or tiny homes. You could live in the house and manage the rentals to keep even more money in your pocket! There are truly a number of opportunities. Located less than 10 minutes off I40, 45 minutes to Dollywood, 50 minutes to Knoxville, and a little over an hour to Asheville. If fishing and boating are more your style Douglas Lakeaccess is only 20 minutes away. Enjoy all that East TN has to offer OR advertise the vacation lifestyle to make this a truly special income producing investment.

Monthly Payment Calculator



© 2022 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Collins Family Homes | Keller Williams Smoky Mountains. Information is deemed reliable but is not guaranteed accurate by the MLS or Collins Family Homes | Keller Williams Smoky Mountains. Data last updated: 2022-05-24T15:15:58.107.
www.sellinthesmokies.com/homes/127879156
Print Image

2480 Elk Way Newport, TN 37821

  • Price: $579,900
  • Status: Active
  • On Site: 33 Days
  • Updated: 27 min ago
  • ID#: 1188213
0
Beds
0
Baths
0
½ Baths
N/A
Acres
5,418
SQFT
$107
$/SQFT
1984
Built
County:
Cocke
Area:
Newport
Property Description
If you are looking for a great investment opportunity with amazing Smoky Mountain views, look no further! The 3 bedroom 4 bathroom home could be put on a Short Term Rental program such as VRBO or AirBNB and generate a healthy cash flow. The property also includes 3 1 bedroom townhomes that are currently rented and generating $18K+ per year. Approx 2 acres of property including an extra lot that has already perked for 3 additional 1 bedroom townhomes or tiny homes. You could live in the house and manage the rentals to keep even more money in your pocket! There are truly a number of opportunities. Located less than 10 minutes off I40, 45 minutes to Dollywood, 50 minutes to Knoxville, and a little over an hour to Asheville. If fishing and boating are more your style Douglas Lakeaccess is only 20 minutes away. Enjoy all that East TN has to offer OR advertise the vacation lifestyle to make this a truly special income producing investment.
Exterior Features

Construction Block Driveway Gravel Exterior Features BalconyDeckWindows - Vinyl Garage Parking AttachedOff-Street Parking Lot Size Irr Siding Vinyl

Interior Features

Appliances DishwasherDisposalRangeSmoke Detector Cooling Central Cooling Floors CarpetHardwoodTile Fuel Electric Heat Central Misc Features Internet AvailableIsland in KitchenWalk-In ClosetsWasher/Dryer ConnectWhirlpool TubWired For Internet Other Rooms Mstr Bdrm Main LevelSeparate Dining Room

Property Features

Annual Oper Expenses 4310.00 Auction YN No City County Code County City Taxes 0.00 County Taxes 2909.74 Gross Annual Income 18600.00 Miscellaneous BalconyTv Cable AvailableUtility RoomWasher/Dryer Cnctns Multifamily Sub Type OtherTriplex Net Operating Income 14290.00 New Financing CashConventionalNew Loan Owner Expenses Exterior MaintenanceHvac MaintenanceInsuranceLawn MaintenanceRoof MaintenanceTaxesWater Property Status N/A Pud YN No Restrictions Yes Sale Includes Building And Land Tenant Expenses ElectricityHeating Total Tax 2909.74 Type Of Units 1 Bedroom UnitOtherTownhouse Units Leased 3.00 Utilities Mo Avg 60.00

Listing information © 2022 Knoxville Area Association of REALTORS®, Inc.
Listing provided courtesy of Re/Max Real Estate Ten.


© 2022 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Collins Family Homes | Keller Williams Smoky Mountains. Information is deemed reliable but is not guaranteed accurate by the MLS or Collins Family Homes | Keller Williams Smoky Mountains. Data last updated: 2022-05-24T15:15:58.107.
 
https://bt-photos.global.ssl.fastly.net/kaar/1280_boomver_1_1188213-2.jpg https://bt-photos.global.ssl.fastly.net/kaar/1280_boomver_1_1188213-2.jpg https://bt-photos.global.ssl.fastly.net/kaar/1280_boomver_1_1188213-2.jpg
Logo
Collins Family Homes | Keller Williams Smoky Mountains
100 E Main St Suite 500
Sevierville TN, 37862