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7050-7064 Armory Road

Newport, TN 37821
  • $392,900
  • STATUS: Active
  • ON SITE: 211 Days
  • ID#: 263438
$392,900
  • 6
    BEDS
  • 1.83
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 3,612
    SQFT
  • $109
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1973
County:
Area:

School Ratings & Info

Listing courtesy of United Real Estate Solutions.


Description

ATTENTION INVESTORS! Fully leased triplex, each unit has two bedrooms and one bath. All units have long term tenants who are on a month to month lease. Rent was increased from $400/month to $800/month in August 2022. Tenants pay their own utilities, water is part of the electric bill. Each meter is separate with no owners panel. There is also seven large storage units and one small storage unit on the property, currently three are leased. Owner pays for lawn care and a security light on the property. Sitting on 1.83 acres, tons of potential!

Monthly Payment Calculator

Copyright 2024 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Colonial Real Estate. Information deemed reliable but not guaranteed. Last updated 2024-04-04T00:16:50.537.
www.smokylistings.com/homes/143475528
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7050-7064 Armory Road Newport, TN 37821

  • Price: $392,900
  • Status: Active
  • On Site: 211 Days
  • ID#: 263438
6
Beds
3
Baths
0
½ Baths
1.83
Acres
3,612
SQFT
$109
$/SQFT
1973
Built
Neighborhood:
Other
County:
Cocke
Area:
Cocke County
Property Description
ATTENTION INVESTORS! Fully leased triplex, each unit has two bedrooms and one bath. All units have long term tenants who are on a month to month lease. Rent was increased from $400/month to $800/month in August 2022. Tenants pay their own utilities, water is part of the electric bill. Each meter is separate with no owners panel. There is also seven large storage units and one small storage unit on the property, currently three are leased. Owner pays for lawn care and a security light on the property. Sitting on 1.83 acres, tons of potential!
Exterior Features

Construction Materials BlockFrame Garage YN No Road Frontage Type State Road Road Surface Type Paved

Interior Features

Cooling Central Air Cooling YN Yes Fireplace YN No Heating CentralElectricHeat Pump Heating YN Yes

Property Features

Association YN No Home Warranty YN No Listing Terms CashConventional Occupancy Permanent Resident Only Possession Close Of Escrow Property Sub Type Triplex Restrictive Covenants YN No Sewer Septic TankSeptic Permit Not Found Tax Annual Amount 1506.17 Tax Year 2022 Water Source Public Zoning Entity Cocke County

Copyright 2024 Great Smoky Mountains Association of Realtors. Information deemed reliable but not guaranteed. Listing provided courtesy of United Real Estate Solutions | Office Phone: 865-444-2400 .

Copyright 2024 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Colonial Real Estate. Information deemed reliable but not guaranteed. Last updated 2024-04-04T00:16:50.537.
 
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Colonial Real Estate
1380 Dolly Parton Parkway
Sevierville TN, 37862
Listing courtesy of United Real Estate Solutions.