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630 Village Way

Newport, TN 37821
  • $975,000
  • STATUS: Active
  • ON SITE: 15 Days
  • MLS #: 9931275
$975,000
  • 26
    BEDS
  • 1.04
    ACRES
  • 24
    BATHS
  • 0
    1/2 BATHS
  • 13,576
    SQFT
  • $72
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1981
County:

School Information

Elementary School:
Middle School:
High School:

Description

Excellent Investment Opportunity!! 24- Unit high occupancy apartment complex in prime location within 6 minute drive from Exit 435 / I 40. Well managed apartment complex has 3 buildings and situated on 1.04 acres. Unit 1 offers 3,780 sq. ft. with 1 level - open floor plan, 8 Studio Style apartments with bathroom and kitchen. Unit 2 offers 3,780 sq. ft. with 8 Studio Style apartments with open floor plan, bathroom and kitchen. Unit 3 offers 6,016 sq.ft with Community Room complete with kitchen and laundry facility. 2 Apartments offering 2 Bedrooms, 1 Bathroom and Kitchen along with 6 apartments offering 1 bedroom, 1 Bathroom and Kitchen. Almost all units have received upgrades with new flooring, bathroom updates, updates to kitchens and appliances and roof. New Paved Parking. Separate Maintenance Storage. Currently, the apartment complex has 100% occupancy rate. Don't miss out on this fantastic opportunity to own a high cash-flow, high occupancy apartment complex in this fast-growing community. 24 Hour notice for all showings. Financial and Cash Flow Statements available for qualified buyers. All information deemed reliable but not guaranteed. Buyer/Buyers Agent to verify all information.

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© 2021 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2021-12-05T23:59:50.98.
www.easttennesseehomepros.com/homes/123460406
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630 Village Way Newport, TN 37821

  • Price: $975,000
  • Status: Active
  • On Site: 15 Days
  • MLS #: 9931275
26
Beds
24
Baths
0
½ Baths
1.04
Acres
13,576
SQFT
$72
$/SQFT
1981
Built
Neighborhood:
Not In Subdivision
County:
Cocke
Elementary School:
Newport Grammar
Middle School:
Newport Grammar
High School:
Cocke Co
Property Description
Excellent Investment Opportunity!! 24- Unit high occupancy apartment complex in prime location within 6 minute drive from Exit 435 / I 40. Well managed apartment complex has 3 buildings and situated on 1.04 acres. Unit 1 offers 3,780 sq. ft. with 1 level - open floor plan, 8 Studio Style apartments with bathroom and kitchen. Unit 2 offers 3,780 sq. ft. with 8 Studio Style apartments with open floor plan, bathroom and kitchen. Unit 3 offers 6,016 sq.ft with Community Room complete with kitchen and laundry facility. 2 Apartments offering 2 Bedrooms, 1 Bathroom and Kitchen along with 6 apartments offering 1 bedroom, 1 Bathroom and Kitchen. Almost all units have received upgrades with new flooring, bathroom updates, updates to kitchens and appliances and roof. New Paved Parking. Separate Maintenance Storage. Currently, the apartment complex has 100% occupancy rate. Don't miss out on this fantastic opportunity to own a high cash-flow, high occupancy apartment complex in this fast-growing community. 24 Hour notice for all showings. Financial and Cash Flow Statements available for qualified buyers. All information deemed reliable but not guaranteed. Buyer/Buyers Agent to verify all information.
Exterior Features

Exterior Features See RemarksSidewalk Exterior Finish BrickVinyl Siding Lot Dimensions 150 X 170 Roof CompositionShingle Style 1 StoryRanchTraditional Topography Lot Description Level

Interior Features

Ac Central AirHeat Pump Appliances Electric RangeRefrigerator Building1 Number Rooms 24 Building2 Number Rooms 24 Building3 Number Rooms 24 Flooring CarpetConcreteLaminateVinyl Heating CentralElectric Interior Features Handicap ModifiedLaminate CountersOpen FloorplanRemodeledSmoke Detector(S) Number Fireplaces 0 Other Rooms Laundry

Property Features

Auction No Building1 Number Units 8 Building2 Number Units 8 Building3 Number Units 8 Building4 Number Rooms 0 City Taxes 11861.19 County Taxes 6112.91 Easements None Foreclosure No Property Condition AverageUpdated/Remodeled Property Sub Type Multi-Family Short Sale No Water Public Zoning Commercial

Listing information © 2021 Tennessee/Virginia Regional MLS.
Listing provided courtesy of Darbi Neas of Realty Executives East Tn Realtors.



© 2021 Tennessee/Virginia Regional Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated: 2021-12-05T23:59:50.98.
 
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The Lusk Team | Evans & Evans Real Estate
2685 Boones Creek Rd. Ste.104
Johnson City TN, 37615