1092 Us-25 Newport, TN 37821
- Apartment buildings
- 800 SF
- 3.03 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1092 Us-25
- Lot size
- 3.03 lot acres
- Property size
- 800 SF
- Property type
- Apartment buildings
Description
Exceptional investment opportunity in Newport, Tennessee (37821), featuring a multifamily property situated on a 3.03-acre lot with stunning Douglas Lake and French Broad River views. This property consists of two modern A-frame style cabins, currently utilized as short-term rentals, offering immediate income generation. The property boasts four RV camper hookups and up to four additional building sites, allowing for expansion to a total of ten rental units. The existing structures are low-maintenance, newly constructed, and ready for immediate rental, capitalizing on the upcoming summer vacation season. The property is located at 1092 US-25 E and includes existing infrastructure such as water, sewer, and electric. The asking price is $1,699,000, with a total square footage of 800 across two one-story buildings. This property is located in an Opportunity Zone, presenting significant tax advantages for investors. The property's unique combination of lakefront location, existing rental income, and expansion potential makes it an ideal investment for those seeking high returns in a desirable East Tennessee location. The property's current configuration is suitable for single-tenant occupancy or multiple short-term rentals.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newport
- County
- Cocke
- State
- Tennessee
- Longitude
- -83.2398
- Latitude
- 36.0234
