2 Beds
2 Baths
1,188 SqFt
2 Beds
2 Baths
1,188 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,188 sqft
Price per Sqft $180
MLS Listing ID 712486
Bedrooms 2
Full Baths 2
Year Built 1955
Annual Tax Amount $1,476
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 0.1
Property Sub-Type Duplex
Source Lakeway Area Association of REALTORS®
Property Description
Fully leased duplex generating $1400/per month with documented rental history and consistent occupancy for the past two years. Each renovated 1 bedroom, 1 bath unit features modern, neutral finishes, vinyl plank flooring throughout, updated kitchen cabinets and appliances. In addition, Unit 1 was a total and complete renovation including new wiring, plumbing, walls, and windows. The property has a new roof and new mini-split HVAC systems less than 3 years old. This property is conveniently located in Newport City limits within walking distance from Newport Grammar School. This property offers immediate cash flow with minimal maintenance needed. Current rents provide stable cash flow with potential for future rental growth.
Location
State TN
County Cocke
Direction Head southeast on 25/70 toward downtown Newport continue straight on West Broadway St for about 1.8 miles, turn right on Woodlawn Ave, turn left on 7th St proceed past standard cross streets, property will be located on the left.
Interior
Interior Features Ceiling Fan(s), Laminate Counters
Heating Ductless, Electric
Cooling Ceiling Fan(s), Ductless, Electric
Fireplaces Type Metal
Fireplace No
Window Features Vinyl Frames
Exterior
Exterior Feature Rain Gutters
Utilities Available Cable Available, Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
Porch Front Porch
Building
Lot Description City Lot
Foundation Block
Water Public
Structure Type Block,Vinyl Siding
Schools
High Schools Cocke
Others
Senior Community No
Tax ID 056F C 00500 000
NEARBY SCHOOL & BUSINESS
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Agent | License ID: 363202