Multi-Family

Twin Springs Apartments / Other


103A Boone Road
NewportTN 37821

Twin Springs Apartments / Other

Multi-Family

103A Boone Road, NewportTN 37821

Details

Rentable Space
4,725 SF
Zoning
COMMERCIAL
Lot Depth
309 ft
Lot Width
165 ft
Building Status
Existing
Number of Buildings
1
Year Built
1940
Number of Floors
2
Total Parking
10
Parking Ratio
1
Occupancy Type
Single Tenant
Number of Units
5
Water Utility Available
Yes
Sanitary Sewer Utility Available
Yes
County
Cocke

Current Listings

MULTI-FAMILY

4,725 SF$179,900

Sale includes 2 parcels. One with a 5 unit Apartment Bldg with ability to expand with lower units on main level that have been used for storage and could be renovated for more units. The Apartment Bldg has a Washer and Dryer Facility that has ability for more income. The units we’re getting $500.00 per. All units are 2 BR, 1BA with Refrigerators and Stoves in each one. Separate Electric and Water Meters. The other Parcel has a Mobile Home on it that is bringing in $200.00 month lot rent. There are two more lots that could possibly be rented. Close to Newport, Cosby, Gatlinburg, Smokey Mtns and Interstate 40. This is an estate sale and all units in apartment bldg. have been vacated for ease of transfer to the next investor who will have their own vision in this income producing potential property. Call today for a showing.

Sale includes 2 parcels. One with a 5 unit Apartment Bldg with ability to expand with lower units on main level that have been used for storage and could be renovated for more units. The Apartment Bldg has a Washer and Dryer Facility that has ability for more income. The units we’re getting $500.00 per. All units are 2 BR, 1BA with Refrigerators and Stoves in each one. Separate Electric and Water Meters. The other Parcel has a Mobile Home on it that is bringing in $200.00 month lot rent. There are two more lots that could possibly be rented. Close to Newport, Cosby, Gatlinburg, Smokey Mtns and Interstate 40. This is an estate sale and all units in apartment bldg. have been vacated for ease of transfer to the next investor who will have their own vision in this income producing potential property. Call today for a showing.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: KAAR

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