673 Reagan Valley Rd Tellico Plains, TN 37385
876 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 876 sqft
Price per Sqft $398
MLS Listing ID 1322537
Year Built 2020
Lot Dimensions irr
Source East Tennessee REALTORS® MLS
Property Description
Both homes are currently leased, providing instant income and stability. Both homes are occupied by long-term tenants with the main home offering three bedrooms and two full bathrooms, and the second home offering two bedrooms and one full bathroom. Keep the leases in place for hands-off cash flow, and explore future options like short-term rental, extended family housing, or owner-occupancy with a built-in income stream.
Outdoor improvements add even more value. The barn and workshop are ideal for equipment, vehicles, or additional income through storage or hobby use. The rustic one-room cabin near the creek could become an extra income stream with a little vision.
Private acreage, multiple revenue sources, and strong upside potential... all in one solid investment.
Current lease/cash flow information available by request. Property transfers with leases in place through July/September 2026.
Properties include 673 and 679 Reagan Valley Rd.
Location
State TN
County Monroe County - 33
Rooms
Other Rooms Addl Living Quarter, Bedroom Main Level, Rec Room, Mstr Bedroom Main Level
Interior
Heating Central, Electric
Cooling Central Cooling, Ceiling Fan(s)
Appliance Dryer, Refrigerator, Self Cleaning Oven, Washer
Heat Source Central, Electric
Exterior
Exterior Feature Barn, Detached Workshop
Parking Features Off-Street Parking, On Premise Parking, Carport
Garage Description Carport, Off-Street Parking, On Premise Parking
Roof Type Metal
Porch true
Garage No
Building
Faces From Hardees in Tellico Plains head north on highway 68 5 miles turn right on Reagan Valley 1.2 miles turn left at mailboxes 673/679
Additional Building Shed
Structure Type Vinyl Siding,Frame
Schools
Elementary Schools Tellico Plains
Middle Schools Tellico Plains
High Schools Tellico Plains
Others
Tax ID 115 024.00
Security Features Smoke Detector
Energy Description Electric
Acceptable Financing Other, New Loan, Cash
Listing Terms Other, New Loan, Cash