For Sale
$1,699,000

1092 Us-25Newport, TN 37821

East TN lake view, high-return potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity in Newport, Tennessee (37821), featuring a multifamily property situated on a 3.03-acre lot with stunning Douglas Lake and French Broad River views. This property consists of two modern A-frame style cabins, currently utilized as short-term rentals, offering immediate income generation. The property boasts four RV camper hookups and up to four additional building sites, allowing for expansion to a total of ten rental units. The existing structures are low-maintenance, newly constructed, and ready for immediate rental, capitalizing on the upcoming summer vacation season. The property is located at 1092 US-25 E and includes existing infrastructure such as water, sewer, and electric. The asking price is $1,699,000, with a total square footage of 800 across two one-story buildings. This property is located in an Opportunity Zone, presenting significant tax advantages for investors. The property's unique combination of lakefront location, existing rental income, and expansion potential makes it an ideal investment for those seeking high returns in a desirable East Tennessee location. The property's current configuration is suitable for single-tenant occupancy or multiple short-term rentals.

Highlights

  • Single-Tenant Occupancy.
  • Low-Rise Building.
  • Located in an Opportunity Zone.

Property Details for 1092 Us-25

Property type
Apartment buildings
Square Feet
800 SF
Buildings
2
Stories
1
Lot Size (sq. ft)
131,987 SF

Location Insight

City
Newport
County
Cocke
State
Tennessee
Latitude
36.023396
Longitude
-83.239761
1092 Us-25, Newport, Tennessee

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1092 Us-25
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