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423-968-7653
Multifamily (Multi-Family)

405 Bicentennial Way
Newport, TN 37821

2 Story, Craftsman, Townhouse  Stories: 2
FOR SALE – An offer has been accepted, BUT there are contigencies.
Price: $1,150,000  List Date: 2021-11-20  DOM:  10
City Tax: $7,302 County Tax: $7,765Expenses Include: Accounting, All Supplies, Business Insurance, Electric, Lawn Maint, Property Insurance, Property Managemen
Year Built: 1974 About homes built before 1978

Lot Size: 4.60 acre(s)Lot Dimensions: 4.60Topography: Cleared, Level, Part Wooded, Rolling Slope
Heating: Central, Electric, Heat PumpCooling: Central Air, Heat PumpWater & Sewage: Public
Appliances: Electric Range, Refrigerator

Description

Excellent Investment Opportunity!! 24- Unit, high occupancy apartment complex in a prime location within 5 minute drive from Exit 435 / I 40. This apartment complex has 6 buildings, each offering 3,672 Sq. Ft., situated on 4.60 acres. Topography offers space for additional complexes or structures for additional income. Each building contains 4 units all of which are 2-bedroom units. Almost all units have received upgrades with new flooring, bathroom updates, updates to kitchens and appliances, new windows and roof. New Manager office with handicap laundry room along with separate oversized laundry facility. 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.

Community Information

Geographical
County: Cocke
Subdivision:
Zoning: Commercial
School System
Newport Grammar Elementary
Newport Grammar Middle
Cocke Co High

Interior

Other Rooms: Breakfast, See Remarks  Flooring: Carpet, Laminate, Vinyl  Other Features: Kitchen/Dining Combo, Laminate Counters, Open Floorplan, Pantry, Remodeled, Smoke Detector(s), Walk-In Clo 

Exterior

Porch, Patio, Decking Detail:  Front Porch, Rear Patio, Rear Porch Roof: Composition, Shingle Exterior Finish: Block, Brick, Vinyl Siding Other Exterior: Playground, Sidewalk

Photos

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Listing by Realty Executives East Tn Realtors
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