$345,000
$399,900
13.7%For more information regarding the value of a property, please contact us for a free consultation.
7050-7064 Armory Rd Newport, TN 37821
6,312 SqFt
Key Details
Sold Price $345,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,312 sqft
Price per Sqft $54
Subdivision Al Hannon
MLS Listing ID 1180844
Sold Date 07/29/22
Originating Board East Tennessee REALTORS® MLS
Year Built 1973
Lot Dimensions 329/218/343/222
Property Description
Wonderful investment opportunity with triplex unit with each one being a 2 bedroom, 1 bathroom, with newer windows, metal roof, updated HVAC. All units are occupied on month to month at $400 per month. Tenants pay their own utilities. Also includes 7 large storage units and 1 small unit. Currently being leased for $75 per month for large units. All rentals are due increase to catch up to market value. There is additional land available on which the storage units could be doubled in size or even more
Location
State TN
County Cocke County - 39
Rooms
Other Rooms Mstr Bedroom Main Level
Interior
Heating Heat Pump, Central, Electric
Cooling Central Cooling
Flooring Laminate, Carpet, Vinyl
Appliance Smoke Detector, Refrigerator
Heat Source Heat Pump, Central, Electric
Exterior
Exterior Feature Windows - Dble Pane, Windows - Vinyl, Handicap Accessible
Parking Features Off-Street Parking
Garage Description Off-Street Parking
Roof Type Metal
Garage No
Building
Faces I-40 East to Exit 432 - Hwy 321 (Cosby Hwy) South to Left onto Armory Rd. Property on the left. See sign.
Structure Type Vinyl Siding,Block,Frame
Schools
High Schools Cocke County
Others
Tax ID 073 026.00
Energy Description Electric
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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