Courtesy: Realty Executives Associates
865-588-3232
Prime Investment Opportunity: Modern 19 Unit Complex with High Growth Potential Prime Investment Opportunity Available Now Solid NOI and Cap Rate 7.2% New Construction- 19 Units (6 Triplexes, 1 home, 2 billboards) Triplexes Built 2023 Built with efficiency and maintenance in mind- LVP flooring throughout, granite countertops, knockdown walls, laundry closets in each unit, foam insulation, Roof(s) 30 year shingle, tenants pay utilities, stainless steel appliances, keyless entry, and decks, open tenant parking. Great location- 5 minutes to Interstate 40 - Leases for each Triplex Unit average $1400 per month - There is also a single family home on the property currently bringing $2500 per month - 95% Occupancy Rate - There is also double Billboard on the property contracted with Lamar Advertising for additional income - Total property includes- 4.23 acres- Room to develop and add more Structures/Triplexes Owner Operator pays for trash removal, property management, and a county water fee ANNUAL OPERATING EXPENSES PROPERTY TAXES- $2428.83 COUNTY WATER FEE - $360 LANDSCAPING- $4800 TRASH REMOVAL- $1920 NOI AT 100%- $301,911 East Tennessee- Newport Offering Memorandum and Rent Roll Available- Request via agent link
Courtesy: Keller Realty & Auction
423-623-5263
Duplex with 3 bedrooms and 1 bath each. Large kitchen, dining room, and living area. 3 levels each. Drive in garages / new metal roof. Great rental history- Excellent investment opportunity.
Courtesy: Mike Fuller Realty & Co
865-909-7471
Lake view property on Douglas Lake and the French Broad River! Investors, Developers and Short Term Rental Specialists! Take a look at this very rare opportunity to own lake view investment property in East Tennessee. Multi-Unit parcel currently offering two (2) modern High on Trend A Frame style lodge/cabin homes. Immediately available for short-term rental. This property offers multiple income streams with Four (4) pads and RV Camper hook ups, and up to 4 additional building sites for a total of 10 rental income units. Pictures may paint a thousand words but they simply don't do the view and serenity justice here! A must see if you are looking to expand your rental real estate portfolio. Take advantage of these low maintenance newly constructed custom designs ready for immediate rental and the upcoming summer vacation season! This Rare Lakefront retreat is a 4.8 acre site with water, sewer, electric and additional infrastructure in place.
Courtesy: Askew Realty Group
423-237-3779
CALLING ALL INVESTORS! LOOKING TO ADD MORE TO YOUR PORTFOLIO, THIS GREAT MONEY MAKIMH DUPLEX IS LOCATED IN THE HEART OF NEWPORT! BOTH SIDES RENTED AND BOTH SIDES HAVE BEEN UPDATED. BOTH FEATURES 2 BEDROOMS, 1 BATH, AND UTILITY ROOM. ONE SIDE HAS A NICE ENCLOSED PATIO AREA FOR ENJOYING COFFEE OR JUST SOME QUITE TIME. LOCATED IN A GREAT AREA JUST MINUTES TO THE CITY SCHOOL, HOSPITAL AND SHOPPING. GIVE US A CALL AND TAKE A LOOK!
Courtesy: United Real Estate Solutions
865-444-2400
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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Newport is located in Tennessee. Newport, Tennessee has a population of 6,845. Newport is more family-centric than the surrounding county with 24.11% of the households containing married families with children. The county average for households married with children is 22.79%.
The median household income in Newport, Tennessee is $33,736. The median household income for the surrounding county is $41,558 compared to the national median of $69,021. The median age of people living in Newport is 38.6 years.
The average high temperature in July is 87 degrees, with an average low temperature in January of 25.9 degrees. The average rainfall is approximately 46.5 inches per year, with 4.4 inches of snow per year.
