24822480 Elk Way

Newport, TN 37821

  • 6 Bed(s)
  • 9 Bath(s)
  • 5,758 Sqft
  • 1.93
    Acres(Lot)
$749,999

Description

Incredible investment opportunity with panoramic smoky mountain views! this income-producing property is currently leased and bringing in a solid net income of $5,900 per month. set on nearly 2 acres with room to expand, it includes a spacious 3-bedroom, 4-bath main home plus a fully-rented triplex with three 1-bedroom units, each offering 1,136 sq. ft. of living space. the main home, built in 1984, features approximately 2,350 sq. ft., a fenced yard perfect for pets, a brand-new back deck, and a new roof. it also includes a 2-car attached garage and plenty of outdoor space for entertaining or relaxing. each unit in the triplex has been upgraded with a new hvac system and a new roof. all four units are separately metered for water and electricity, making management simple and efficient. whether you choose to live in the main house and manage the rentals next door, or lease all four units for maximum return, this property offers flexibility, immediate cash flow, and future growth potential in a high-demand area.

  • Property Type

    Residential

  • County

    Cocke

  • Style

    Townhouse,Traditional

  • AD ID

    49701355

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BuyOwner last updated this listing 07/04/2025 @ 06:01

  • MLS: 9980127
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: TVRMLS

is a Home, with 6 bedrooms which is for sale, it has 5,758 sqft, 2 sized lot, and 2 parking. are nearby neighborhoods.