Newport, TN 37821,630 Village Way
Newport, TN 37821,630 Village Way
Newport, TN 37821,630 Village Way
Newport, TN 37821,630 Village Way
Newport, TN 37821,630 Village Way
Newport, TN 37821,630 Village Way
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$1,100,000

$1,150,000

4.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

13,576 SqFt


SOLD DATE : 12/14/2023

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

Style Ranch,Traditional

Year Built 1981

Lot Size 1.040 Acres

Property Sub-Type Multi-Family

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

Interior

Heating Electric, Central, Electric

Cooling Central Air, Heat Pump

Flooring Vinyl, Carpet, Concrete, Laminate

Exterior

Exterior Feature Sidewalk, See Remarks

Roof Type Composition,Shingle

Building

Lot Description Level

Water Public

Structure Type Brick,Vinyl Siding

New Construction No

Schools

Elementary Schools Newport Grammar

Middle Schools Newport Grammar

High Schools Cocke Co

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Listed by Darbi Neas • Envision Realty Group
Bought with Non Member • Non Member

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Shawn Wilmoth, CCIM
Shawn Wilmoth, CCIM

Agent | License ID: 354366

+1(865) 205-9353

308 N PETERS RD. STE 225, KNOXVILLE, TN, 37922, United States

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