Basic Information:

Bedrooms: 0

Full Bathrooms: 0

Half Bathrooms: 0

Type: Multi Family

Sub Type: Multi Family

MLS Number: 9990572

Lot Acreage: 1.93000

Living Area: 0

Year Built:2000

Elementary School: Cosby

Middle School: None

High School: Cosby

Public Remarks: Turnkey Smoky Mountains Investment Opportunity - Income-Producing Tri-Plex + Single-Family Home with Mountain Views both front and rear. Discover a rare, cash-flowing multi-property asset in East Tennessee featuring a fully leased tri-plex and a separate single-family residence also leased, ideally located near medical facilities, shopping, and dining. The tri-plex offers three 1-bedroom, 1.5-bath units (1,187 SF each), all currently producing income and well suited for either long-term or short-term rental strategies. Recent capital improvements include a brand-new roof on both the Tri-Plex and house and new HVAC systems on the tri-plex, significantly reducing near-term maintenance and capital expenditure for the next owner. Next door, the 3-bedroom, 4-bath single-family home adds another income stream or provides an excellent owner-occupant option. The home is 2,569 sq ft with a two-car garage and features a newly built deck, and a partially fenced yard. Additional value comes from the open frontage land and a total of 1.93 acres offering future development or expansion potential (subject to zoning), making this a compelling value-add opportunity. Whether you're looking to expand a rental portfolio, capitalize on short-term rental demand near the Smokies, or have a single-family residence while generating multiple income streams, this property delivers: Immediate cash flow Multiple rental strategies, major system upgrades already completed desirable location Long-term appreciation potential A true turnkey investment with flexibility. This property is 53 minutes to Knoxville, 48 minutes to Pigeon Forge or Gatlinburg and only 45 minutes to Hot springs NC.

Listing Courtesy:Country Living Realty

More Listing Info:

AC:Ceiling Fan(s): true

AC:Heat Pump3: true

Appliances:Cooktop: true

Appliances:Dishwasher: true

Appliances:Dryer: true

Appliances:Electric Range: true

Appliances:Range: true

Appliances:Refrigerator: true

Appliances:Washer: true

Contract Info:Foreclosure: No

Easements:Other7: true

Expenses Include:Lawn Maint: true

Expenses Include:Taxes Real Estate: true

Expenses Include:Waste: true

Exterior Finish:Vinyl Siding: true

Exterior Finish:Wood Siding: true

Fireplace:Living Room: true

Flooring:Carpet: true

Flooring:Laminate: true

Flooring:Tile2: true

Foundation:Slab: true

General Property Description:# Buildings: 2

General Property Description:# Fireplaces: 1

General Property Description:# of Units: 4.0

General Property Description:Acres: 1.93

General Property Description:Elementary School3: Cosby

General Property Description:High School3: Cosby

General Property Description:HOA YN: No

General Property Description:Lot Dimensions: 311x216x247x281

General Property Description:Middle School2: None

General Property Description:Stories2: 2

General Property Description:Total Units: 4

General Property Description:Zoning2: Residential

Heating:Heat Pump2: true

Income and Expenses:Gross Annual Income: 5900

Info Available:Survey2: true

Interior Features:Eat-in Kitchen: true

Interior Features:Kitchen Island: true

Interior Features:Laminate Counters: true

Interior Features:Open Floorplan: true

Laundry Features:Electric Dryer Hookup: true

Laundry Features:Washer Hookup: true

Levels:One and One Half: true

Levels:Two: true

Location Tax Legal Info:Block: 13R

Location Tax Legal Info:City Taxes: 0.0

Location Tax Legal Info:County Taxes: 3398.0

Location Tax Legal Info:Deed Book #: 1627

Location Tax Legal Info:Deed Page #: 554

Other Rooms:Laundry: true

Other Rooms:Primary Bathroom: true

Parking Features:Garage Door Opener: true

Parking Features:Gravel: true

Parking Features:Unpaved: true

PorchPatioDeck:Covered: true

PorchPatioDeck:Deck: true

PorchPatioDeck:Rear Porch: true

PorchPatioDeck:Side Porch: true

Property Condition:Average: true

Remarks Misc:Directions3: 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.

Remarks Misc:Public Remarks7: Turnkey Smoky Mountains Investment Opportunity - Income-Producing Tri-Plex + Single-Family Home with Mountain Views both front and rear. Discover a rare, cash-flowing multi-property asset in East Tennessee featuring a fully leased tri-plex and a separate single-family residence also leased, ideally located near medical facilities, shopping, and dining. The tri-plex offers three 1-bedroom, 1.5-bath units (1,187 SF each), all currently producing income and well suited for either long-term or short-term rental strategies. Recent capital improvements include a brand-new roof on both the Tri-Plex and house and new HVAC systems on the tri-plex, significantly reducing near-term maintenance and capital expenditure for the next owner. Next door, the 3-bedroom, 4-bath single-family home adds another income stream or provides an excellent owner-occupant option. The home is 2,569 sq ft with a two-car garage and features a newly built deck, and a partially fenced yard. Additional value comes from the open frontage land and a total of 1.93 acres offering future development or expansion potential (subject to zoning), making this a compelling value-add opportunity. Whether you're looking to expand a rental portfolio, capitalize on short-term rental demand near the Smokies, or have a single-family residence while generating multiple income streams, this property delivers: Immediate cash flow Multiple rental strategies, major system upgrades already completed desirable location Long-term appreciation potential A true turnkey investment with flexibility. This property is 53 minutes to Knoxville, 48 minutes to Pigeon Forge or Gatlinburg and only 45 minutes to Hot springs NC.

Roof:Shingle: true

Sewer:Septic Tank: true

Structure Type:House: true

Structure Type:Triplex: true

Style:Ranch2: true

TopographyLot Description:Level2: true

TopographyLot Description:Rolling Slope: true

Unit 1:# Bathrooms5: 4.0

Unit 1:# Bedrooms3: 3

Unit 1:# Rooms4: 7

Unit 1:# Units: 1

Unit 1:Monthly Rent: 2700

Unit 2:# Bathrooms4: 1.0

Unit 2:# Bedrooms4: 1

Unit 2:# Half Baths2: 1.0

Unit 2:# Rooms3: 3

Unit 2:# Units2: 1

Unit 2:Monthly Rent2: 1000

Unit 2:SqFt5: 1187

Unit 3:# Bathrooms3: 1.0

Unit 3:# Bedrooms5: 1

Unit 3:# Rooms2: 3

Unit 3:# Units3: 1

Unit 3:Half Baths: 1.0

Unit 3:Monthly Rent3: 1000

Unit 3:SqFt2: 1187

Unit 4:# Bathrooms2: 1.0

Unit 4:# Bedrooms6: 1

Unit 4:# Rooms: 3

Unit 4:# Units4: 1

Unit 4:Half Baths2: 1.0

Unit 4:Monthly Rent4: 1200

Unit 4:SqFt: 1187

Utilities:Cable Connected2: true

Utilities:Electricity Connected: true

Utilities:Water Connected: true

View:Mountain(s): true

Walls:Drywall: true

Walls:Paneling: true

Water:Public: true

Window Features:Double Pane Windows: true