1368 A B C HWY 25-70, Newport, TN 37821
$1,100,000
Property Type:
Residential Income
Bedrooms:
3
Baths:
2
Square Footage:
3,990
Lot Size (sq. ft.):
33,106
Status:
Closed
Current Price:
$1,100,000
List Date:
7/21/2023
Last Modified:
9/10/2024
Description
INVESTORS THIS Y'ALL TIME TO SHINE! A TRIPLEX, 2 DUPLEX UNITS, A 4 BEDROOM MOBILE, AND A 2 BED BRICK HOME ALL ON THE SAME PARCEL. LOCATED IN THE COUNTY SO NO CITY TAXES! ALL NEW UPDATES INCLUDES WIRING, ELECTRICAL BOXES, PLUMBING, ROOFS, CH/A UNITS, BRAND NEW KITCHENS WITH REFRIGERATORS AND STOVES, CARPET, TILE, WALK IN CLOSETS, SO MUCH MORE! EVERYTHING IS EXPECTED TO BE 100% COMPLETED BY OCT 1ST OR SOONER. THE RENTAL INCOME ON THIS PROPERTY IS GREAT. THE LOCATION IS GREAT ONLY 1 MINUTE FROM HWY 411. TRIPLEX FEATURES EACH UNIT HAS 3 BEDROOM, 2 BA, NEW EVERYTHING FROM CARPET, KITCHEN, WALLS, CH/A, AND APPLIANCES. THEY ARE 2 STORY UNITS. DUPLEX #1 EACH UNIT FEATURES 1 BED AND 1.5 BATH ALL ON ONE LEVEL. NICE LARGE OPEN FLOOR PLAN WITH 10X12 BEDROOM AND WALK IN CLOSETS. NEW KITCHENS, WALLS, ELECTRICAL, CH/A, AND PLUMBING. DUPLEX #2 EACH UNIT FEATURES 2 BEDROOM, 1 BA UNITS, EVERYTHING NEW IN THIS DUPLEX AS WELL. 2001 DOUBLE WIDE HAS 1848 SQFT WITH 4 BEDROOMS, 2 FULL BATHS AND A 1 CAR DETACHED GARAGE, MOBILE IS CURRENTLY RENTED BY ONE OF THE CONTRACT WORKERS. BRICK HOME HAS 2 BEDROOMS, 1 FULL BATH, AND WOULD MAKE A GREAT RENTAL AS WELL. PROPERTIES CAN NOT BE BROKEN UP AND SOLD INDIVIDUALLY. WILL BE SOLD AS A WHOLE! CITY WATER, SEWER, AND ELECTRIC ALREADY ON PLACE. EACH UNIT HAS THEIR OWN METER. YOU GOTTA SEE THIS PROPERTY TO BETTER UNDERSTAND ALL THE POTENTIAL IS HAS. 9 PRODUCING INCOME PROPERTIES JUST INSIDE THE COUNTY AND LOCATION IS PERFECT FOR MOST EVERYONE. DON'T WANNA MISS OUT ON THIS ONE. MUST HAVE AN APPT TO VIEW!! ALL BUYERS MUST BE PRE QUALIFIED AND OR SHOW PROOF OF FUNDS BEFORE MAKING APPT TO VIEW.
More Information MLS# 258440
Location, Tax, and Legal
Restrictive Covenants YN: No
Zoning: Residential
Zoning Entity: Cocke County
Tax Lot: 0
Book/Page/Doc #: 1234, 566
Tax Annual Amount: 4000
Tax Year: 2023
Contract Information
Owner Name: Bossert
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Occupant Type: Vacant
Association YN: No
Current Price: $1,100,000
Original List Price: 1200000
Sold Price: $1,100,000
Status: Closed
Listing Contract Date: 2023-07-21
General Property Information
Number Of Units Total: 3
Lot Size Acres: 0.76
Below Grade Unfinished Area: 0
Garage YN: No
Bathrooms Half: 0
Garage Spaces: 0
Bonus Room YN: No
Sign On Property YN: Yes
Home Warranty YN: No
View YN: Yes
List Price/SqFt: 300.75
Sold Price/SqFt: 275.69
Living Area: 3990
Bedrooms Total: 3
Bathrooms Total: 2
Bathrooms Full: 2
Year Built: 2012
Remarks and Miscellaneous
Public Remarks: INVESTORS THIS Y'ALL TIME TO SHINE! A TRIPLEX, 2 DUPLEX UNITS, A 4 BEDROOM MOBILE, AND A 2 BED BRICK HOME ALL ON THE SAME PARCEL. LOCATED IN THE COUNTY SO NO CITY TAXES! ALL NEW UPDATES INCLUDES WIRING, ELECTRICAL BOXES, PLUMBING, ROOFS, CH/A UNITS, BRAND NEW KITCHENS WITH REFRIGERATORS AND STOVES, CARPET, TILE, WALK IN CLOSETS, SO MUCH MORE! EVERYTHING IS EXPECTED TO BE 100% COMPLETED BY OCT 1ST OR SOONER. THE RENTAL INCOME ON THIS PROPERTY IS GREAT. THE LOCATION IS GREAT ONLY 1 MINUTE FROM HWY 411. TRIPLEX FEATURES EACH UNIT HAS 3 BEDROOM, 2 BA, NEW EVERYTHING FROM CARPET, KITCHEN, WALLS, CH/A, AND APPLIANCES. THEY ARE 2 STORY UNITS. DUPLEX #1 EACH UNIT FEATURES 1 BED AND 1.5 BATH ALL ON ONE LEVEL. NICE LARGE OPEN FLOOR PLAN WITH 10X12 BEDROOM AND WALK IN CLOSETS. NEW KITCHENS, WALLS, ELECTRICAL, CH/A, AND PLUMBING. DUPLEX #2 EACH UNIT FEATURES 2 BEDROOM, 1 BA UNITS, EVERYTHING NEW IN THIS DUPLEX AS WELL. 2001 DOUBLE WIDE HAS 1848 SQFT WITH 4 BEDROOMS, 2 FULL BATHS AND A 1 CAR DETACHED GARAGE, MOBILE IS CURRENTLY RENTED BY ONE OF THE CONTRACT WORKERS. BRICK HOME HAS 2 BEDROOMS, 1 FULL BATH, AND WOULD MAKE A GREAT RENTAL AS WELL. PROPERTIES CAN NOT BE BROKEN UP AND SOLD INDIVIDUALLY. WILL BE SOLD AS A WHOLE! CITY WATER, SEWER, AND ELECTRIC ALREADY ON PLACE. EACH UNIT HAS THEIR OWN METER. YOU GOTTA SEE THIS PROPERTY TO BETTER UNDERSTAND ALL THE POTENTIAL IS HAS. 9 PRODUCING INCOME PROPERTIES JUST INSIDE THE COUNTY AND LOCATION IS PERFECT FOR MOST EVERYONE. DON'T WANNA MISS OUT ON THIS ONE. MUST HAVE AN APPT TO VIEW!! ALL BUYERS MUST BE PRE QUALIFIED AND OR SHOW PROOF OF FUNDS BEFORE MAKING APPT TO VIEW.
Directions: Take Hwy 25W follow till you see signs property is on the rt. 1362-1364 Hwy 25W. GPS FRIENDLY
Status Change Information
Status Change Timestamp: 2023-09-28
Buyer Financing: Cash
Anticipated Closing Date: 2023-09-01
Major Change Timestamp: 2023-09-28T06:55:17Z
Major Change Type: Status Change
Purchase Contract Date: 2023-08-03
Close Date: 2023-09-28
Close Price: 1100000
Unit Details
# of 3-Bedroom Units: 3
# of Efficiency Units: 3
1-Bedroom Dimensions: 10X10
Construction Materials
Frame: 1
Vinyl Siding: 1
Cooling
Central Air: 1
Electric: 1
Heating
Central: 1
Electric: 1
Listing Terms
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Road Frontage Type
Highway: 1
Road Surface Type
Paved: 1
Sewer
Public Sewer: 1
View
Mountain(s): 1
Water Source
Public: 1
1 Bedroom Unit Details
Baths Full: 2
Baths Total: 2
Range: 1
Refrigerator: 1
Washer/Dryer: 1
2 Bedroom Unit Details
Baths Full: 2
Baths Total: 2
Range: 1
Refrigerator: 1
Washer/Dryer: 1
3 Bedroom Unit Details
Baths Full: 2
Baths Total: 2
Range: 1
Refrigerator: 1
Washer/Dryer: 1
Showing Requirements
Appointment Only: 1
Lockbox: 1
Showing Instructions: Realtors please do not just show up. MUST HAVE AN APPT. Workers will be there everyday finishing up. The mobile and the brick house is rented to 2 of the workers. All work is expected to be finished by Oct 1 or sooner. Licensed contractor is doing all the work. Let me know what questions you have. Call anytime 865-322-1417-LISA Cash or conventional loan only. MUST BE PRE QUALIFIED AND SHOW PROOF OF FUNDS BEFORE MAKING APPT TO VIEW. RENTERS NEED 24 HR NOTICE TO SHOW!
Location Tax and Legal
Street Number: 1368 A B C
Street Name: HWY 25-70
County: Cocke
State: TN
Zip Code: 37821
Property Sub Type: Triplex
MLS Area Major: Cocke County
Property Features
1 Bedroom Unit Details: Range; Refrigerator; Washer/Dryer
2 Bedroom Unit Details: Range; Refrigerator; Washer/Dryer
3 Bedroom Unit Details: Range; Refrigerator; Washer/Dryer
Construction Materials: Frame; Vinyl Siding
Cooling: Central Air; Electric
Heating: Central; Electric
Listing Terms: Cash; Conventional
Possession: Close Of Escrow
Road Frontage Type: Highway
Road Surface Type: Paved
Sewer: Public Sewer
View: Mountain(s)
Water Source: Public
Showing Requirements: Appointment Only; Lockbox
Listing Office:
Askew Realty Group
Last Updated: September - 10 - 2024
Information deemed reliable but not guaranteed.