Under contract

2482 Elk Way, Newport, TN 37821

Beds
3
Baths
6
Sqft
3,561

View property features, location on map, relevant school information and overview from seller's agent.

Listed byCountry Living Realty
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Overview

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.

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
3
Number of bathrooms
6
Square feet
3,561
Lot size (acres)
0.78
Year built
2000

Interior features

Laundry
Main Level, Washer Hookup, Electric Dryer Hookup, Laundry Room

Utilities

Heating
Central, Heat Pump
Cooling
Ceiling Fans, Central Air, Heat Pump
Sewer
Septic System
Water
Public Water

Taxes

Tax Annual Amount (2025)
$2,154

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Great Smoky Mountains Association MLS®#: 312190 Last checked:

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