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.