Lake Apartment Off Market

Sale includes 2 parcels. One with a 5 unit Apartment Bldg with ability to expand with lower units on main level that have been used for storage and could be renovated for more units. The Apartment Bldg has a Washer and Dryer Facility that has ability for more income. The units were getting $500.00 per. All units are 2 BR, 1BA with Refrigerators and Stoves in each one. Separate - Electric and Water Meters. The other Parcel has a Mobile Home on it that is bringing in $200.00 month lot rent. There are two more lots that could possibly be rented. Close to Newport, Cosby, Gatlinburg, Smokey Mtns and Interstate 40. This is an estate sale and all units in apartment bldg. have been vacated for ease of transfer to the next investor who will have their own vision in this income producing potential property. Call today for a showing.

Property Details

  • Beds: 10
  • Baths: 1.0
  • Year Built: 1940
  • Location: Douglas Lake
  • Acres: 1.500
  • Lakeview: Yes
  • ViewTypes: Water
  • Dock Type: none
  • County: Cocke County
  • Siding: Wood Siding
  • Property Taxes: $802
  • MLS #: 226409

Location

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Contact Information:

Ad Statistics:

Lake Apartment Off Market in Newport, Tennessee
Ad Number : 818498
Viewed: 160 times
Added: May 28, 2020
Updated on: Jun 24, 2020
All information provided is deemed reliable but is not guaranteed and should be independently verified.
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