MIDDLE TENNESSEE REAL ESTATE
MIDDLE TENNESSEE REAL ESTATE
2480 Elk Way, Newport, TN 37821 For Sale
Single Family Residence
- Single Family Residence
- Beds: 3
- Baths: 4
- 2,569 sq ft
Description
Turnkey Smoky Mountains Investment Opportunity - Single-Family Home with Mountain Views. Discover a well-maintained, income-producing single-family home in East Tennessee, ideally located near medical facilities, shopping, and dining—an excellent option for both investors and owner-occupants. This 3-bedroom, 4-bath residence offers 2,569 square feet, a two-car garage, and sits on 1.15 acres, providing strong rental potential and long-term value. The property features mountain views from both the front and rear, a partially fenced yard, and a peaceful setting attractive to both long-term tenants and short-term rental guests. Recent capital improvements include a new roof and new deck, minimizing near-term maintenance costs and enhancing overall asset quality. The open frontage land also offers potential for future expansion or development (subject to zoning regulations). For investors, the adjacent income-producing tri-plex is also available and can be purchased as part of a package sale, creating a rare opportunity to acquire multiple cash-flowing properties in one transaction. Whether you're building a rental portfolio, entering the Smoky Mountains short-term rental market, or living on-site while generating income from neighboring rentals, this property delivers flexibility, location. Conveniently located approximately 53 minutes to Knoxville, 48 minutes to Pigeon Forge and Gatlinburg, and 45 minutes to Hot Springs, NC.
Property Details
Status : Active
County : Cocke County, TN
Property Type : Residential
Area : 2,569 sq. ft.
Year Built : 1984
Schools near 2480 Elk Way, Newport, TN 37821 :
Cosby Elementary, Cosby High School
Additional details
Heating : Yes
Parking Features : Garage Door Opener
Lot Size Area : 1.15 Sq. Ft.
Building Area Total : 2569 Sq. Ft.
Lot Size Acres : 1.15 Acres
Lot Size Dimensions : 232x216x174x275
Living Area : 2569 Sq. Ft.
Lot Features : Other,Level,Rolling Slope
Office Phone : 4234309012
Number of Bedrooms : 3
Number of Bathrooms : 4
Full Bathrooms : 4
Possession : Close Of Escrow
Cooling : 1
Garage Spaces : 2
Architectural Style : Other
Patio and Porch Features : Deck,Porch,Covered
Levels : One
Basement : None
Stories : 2
Utilities : Electricity Available,Water Available
Parking Space : 2
Sewer : Septic Tank
Location 2480 Elk Way, TN 37821
Directions to 2480 Elk Way, TN 37821
From Newport US-321 towards Cosby turn left onto Old 32, continue to follow old 32. Turn left onto O'Neil Rd then turn left onto Elk Way. Stay on Elk way see sign. From Cosby take US-321 onto Old 32 then follow the remaining directions. Property is GPS friendly.
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