7050-7064 Armory Rd Newport, TN 37821
3,612 SqFt
UPDATED:
08/23/2024 05:57 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,612 sqft
Price per Sqft $106
Subdivision Al Hannon
MLS Listing ID 1239924
Originating Board East Tennessee REALTORS� MLS
Year Built 1973
Property Description
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.
Location
State TN
County Cocke County - 39
Area 1.83
Rooms
Other Rooms Mstr Bedroom Main Level
Interior
Heating Heat Pump, Central, Electric
Cooling Central Cooling
Flooring Laminate, Carpet, Vinyl
Appliance Range, Refrigerator, Smoke Detector
Heat Source Heat Pump, Central, Electric
Exterior
Garage On Premise Parking
Garage Description On Premise Parking
Roof Type Metal
Garage No
Building
Faces Take I-40 East to Exit 435, turn right on to Hwy 321, go 2.6 miles and turn left on Armory Road, go 0.3 miles property will be on your left. See sign.
Structure Type Vinyl Siding,Block,Frame
Others
Tax ID 073 026.00
Energy Description Electric
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional