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423-968-7653
Multifamily (Multi-Family)

630 Village Way
Newport, TN 37821

1 Story, Ranch, Traditional  Stories: 1
FOR SALE
Price: $975,000  Price Per ft²: $71.82  List Date: 2021-11-20  DOM:  12
City Tax: $11,861 County Tax: $6,113
Year Built: 1981 

Lot Size: 1.04 acre(s)Lot Dimensions: 150 x 170Topography: Level
Heating: Central, ElectricCooling: Central Air, Heat PumpWater & Sewage: Public
Appliances: Electric Range, Refrigerator

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.

Community Information

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

Interior

Other Rooms: Laundry  Flooring: Carpet, Concrete, Laminate, Vinyl  Other Features: Handicap Modified, Laminate Counters, Open Floorplan, Remodeled, Smoke Detector(s) 

Exterior

Roof: Composition, Shingle Exterior Finish: Brick, Vinyl Siding Other Exterior: See Remarks, Sidewalk

Photos

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Listing by Realty Executives East Tn Realtors
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