2480 Elk Way
Newport, TN 37821
MLS# RTC3117059
2,569 sq ft
3 Bedrooms
4 Bathrooms
Description
Turnkey Smoky Mountains Investment Opportunity - Single- Family Home with Mountain Views. Discover a well- maintained, income- producing single- family home in East Tennessee, ideally located near medical facilities, shopping, and dining—an excellent option for both investors and owner- occupants. This 3- bedroom, 4- bath residence offers 2, 569 square feet, a two- car garage, and sits on 1. 15 acres, providing strong rental potential and long- term value. The property features mountain views from both the front and rear, a partially fenced yard, and a peaceful setting attractive to both long- term tenants and short- term rental guests. Recent capital improvements include a new roof and new deck, minimizing near- term maintenance costs and enhancing overall asset quality. The open frontage land also offers potential for future expansion or development ( subject to zoning regulations) . For investors, the adjacent income- producing tri- plex is also available and can be purchased as part of a package sale, creating a rare opportunity to acquire multiple cash- flowing properties in one transaction. Whether you' re building a rental portfolio, entering the Smoky Mountains short- term rental market, or living on- site while generating income from neighboring rentals, this property delivers flexibility, location. Conveniently located approximately 53 minutes to Knoxville, 48 minutes to Pigeon Forge and Gatlinburg, and 45 minutes to Hot Springs, NC.
Details
- MLS#: 3117059
- County: Cocke County, TN
- Style: Other
- Stories: 2.00
- Full Baths: 4
- Bedrooms: 3
- Built: 1984 / Existing
- Lot Size: 1.150 ac
Utilities
- Water: Public
- Sewer: Septic Tank
- Cooling: Central Air, Ceiling Fan( s)
- Heating: Electric, Heat Pump
Public Schools
- Elementary: Cosby Elementary
- High: Cosby High School
Property Information
- Constr: Frame, Other
- Floors: Carpet, Tile
- Garage: 2 spaces / detached
- Parking Total: 2
- Basement: None
- Waterfront: No
- View: Mountain(s)
- Dining: Formal
- Patio: Deck, Porch, Covered
- Taxes: $1,246
Appliances / Misc.
- Fireplaces: 1
- Drapes: Remain
Features
- Dishwasher
- Dryer
- Range
- Refrigerator
- Washer
- Other
- Ceiling Fan(s)
- Kitchen Island
Directions
From Newport US-321 towards Cosby turn left onto Old 32, continue to follow old 32. Turn left onto O'Neil Rd then turn left onto Elk Way. Stay on Elk way see sign. From Cosby take US-321 onto Old 32 then follow the remaining directions. Property is GPS friendly.
Listing Agency
Country Living Realty
Agent: Don Fabrikant
RCW Realty Company
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Our Headquarters
1263 Avondale Rd., Suite C
Hendersonville, TN 37075
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Phone: (615) 406-7221Email: rcwrealtyco@gmail.com