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7050-7064 Armory Rd

Newport, TN 37821
  • $385,000
  • STATUS: Active
  • ON SITE: 364 Days
  • ID#: 1239924
$385,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,612
    SQFT
  • $107
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1973
County:
Area:

School Ratings & Info

Description

ATTENTION INVESTORS! Previous owner absolutely loved this property, but unfortunately was not able to realize her dreams of what she envisioned. All three units have long term tenants who also truly love their home! Find your favorite Agent and schedule your showing today! 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! Unit 3 has all new LVP flooring throughout, new tile in the bathroom. Units 1 and 2 have new tile in the kitchen and bath. Unit 1 has a new tub/shower combo.

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© 2024 East Tennessee REALTORS®. 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 Realty Executives Associates. Information is deemed reliable but is not guaranteed accurate by the MLS or Realty Executives Associates. Data last updated: 2024-09-14T23:52:03.177.
www.ashleyfinney.com/homes/143464690
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7050-7064 Armory Rd Newport, TN 37821

  • Price: $385,000
  • Status: Active
  • On Site: 364 Days
  • ID#: 1239924
0
Beds
0
Baths
0
½ Baths
N/A
Acres
3,612
SQFT
$107
$/SQFT
1973
Built
Neighborhood:
Al Hannon
County:
Cocke
Area:
Newport
Property Description
ATTENTION INVESTORS! Previous owner absolutely loved this property, but unfortunately was not able to realize her dreams of what she envisioned. All three units have long term tenants who also truly love their home! Find your favorite Agent and schedule your showing today! 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! Unit 3 has all new LVP flooring throughout, new tile in the bathroom. Units 1 and 2 have new tile in the kitchen and bath. Unit 1 has a new tub/shower combo.
Exterior Features

Attached Garage YN No Garage Parking On Premise Parking Yes Parking Features On Premise Parking Roof Metal Yes

Interior Features

Appliances RangeRefrigeratorSmoke Detector Cooling Central Cooling Flooring LaminateCarpetVinyl Heating Heat PumpCentralElectric Misc Features Washer Dryer Connect Yes Mstr Bdrm Main Level Yes

Property Features

Auction YN No Construction Materials Vinyl SidingBlockFrame Fuel Electric Yes Listing Terms CashConventional New Financing Cash Yes New Financing Conventional Yes Property Status N/A Property Sub Type Triplex Yes Type Of Unit Two Bedroom Yes Type Of Unit Unfurnished Yes

Listing information © 2024 East Tennessee REALTORS®.
Listing provided courtesy of United Real Estate Solutions: 865-444-2400.


© 2024 East Tennessee REALTORS®. 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 Realty Executives Associates. Information is deemed reliable but is not guaranteed accurate by the MLS or Realty Executives Associates. Data last updated: 2024-09-14T23:52:03.177.
 
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Realty Executives Associates
10255 Kingston Pike
Knoxville TN, 37922