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630 Village Way Newport, TN 37821
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Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 13,576 sqft
Price per Sqft $81
Subdivision Not In Subdivision
MLS Listing ID 9931275
Sold Date 12/14/23
Style Ranch,Traditional
HOA Y/N No
Originating Board Tennessee/Virginia Regional MLS
Year Built 1981
Lot Size 1.040 Acres
Acres 1.04
Lot Dimensions 150 x 170
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.
Location
State TN
County Cocke
Community Not In Subdivision
Area 1.04
Zoning Commercial
Direction From I 40 exit 435, left on TN -32, Right onto Templin Street, Left onto Woodlawn Avenue to Lincoln Avenue, Right onto 2nd Street, Left onto Village Way.
Interior
Interior Features Handicap Modified, Laminate Counters, Open Floorplan, Remodeled, Smoke Detector(s)
Heating Electric, Central, Electric
Cooling Central Air, Heat Pump
Flooring Vinyl, Carpet, Concrete, Laminate
Fireplace No
Appliance Electric Range, Refrigerator
Heat Source Electric, Central
Exterior
Exterior Feature Sidewalk, See Remarks
Roof Type Composition,Shingle
Building
Lot Description Level
Entry Level One
Water Public
Architectural Style Ranch, Traditional
Structure Type Brick,Vinyl Siding
New Construction No
Schools
Elementary Schools Newport Grammar
Middle Schools Newport Grammar
High Schools Cocke Co
Others
Senior Community No
Tax ID 056c F 017.00
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Bought with Non Member • Non Member