$777,500
Newport, TN 37821
MLS# 9930883
Status: Closed
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Property Description
Two-story building with 8 apartments, separate office building with open reception area, stone fireplace, 2 ½ baths all situated on 9.41 acres. A resort like setting with paved walking trail, drive and parking areas. Each unit has refrigerator, stove, dishwasher, central heat and air.
Details
Maps
Location, Tax & Legal Info
Parcel ID: 65 10.05
Deed Book #: 1438
Deed Page #: 712
City Taxes: 0
County Taxes: 4086.43
Contract Info
Foreclosure: No
Short Sale: No
Auction: No
Status: Closed
Listing Price: 824000
Current Price: $777,500
Listing Date: 2021-11-10
General Property Description
Lot Dimensions: IRR
Acres: 9.41
Zoning: Yes
# Buildings: 2
Elementary School: Cosby
# of Units: 8
Middle School: Out Of Area
Total Units: 8
High School: Cosby
Stories: 2
# Fireplaces: 0
Home Warranty: No
Property Sub-Type: Multi Family
Year Built: 1987
Remarks & Misc
Directions: From I-40, take exit 435, go right onto 321 Cosby Hwy. Turn left at traffic light in front of Bojangles onto Coby Cut Off Road. Turn left onto Morrell Springs Road. Turn right onto Green Acres Drive then right onto Mountain Ranch Road. Go 1.1 miles, property on the left.
Income and Expenses
Gross Annual Income: 58500
Exterior Finish
Brick: 1
Wood Siding: 1
Unit 1
# Bedrooms: 2
# Bathrooms: 1
# Half Baths: 1
Unit 2
# Bedrooms: 2
# Bathrooms: 1
# Half Baths: 1
Roof
Shingle: 1
Unit 3
# Bedrooms: 3
# Bathrooms: 1
Half Baths: 1
Levels
Two: 1
Unit 4
# Bedrooms: 3
# Bathrooms: 1
Half Baths: 1
Heating
Central: 1
Electric: 1
AC
Central Air: 1
Utilities
Cable Available: 1
Water
Public: 1
Appliances
Dishwasher: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Topography/Lot Description
Wooded: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Flooring
Carpet: 1
Laminate: 1
Tile: 1
Easements
Other: 1
Financing
Cash: 1
Conventional: 1
Parking Features
Asphalt: 1
Carport: 1
Deeded: 1
Walls
Drywall: 1
Foundation
Slab: 1
Structure Type
House: 1
Location Tax Legal Info
Street #: 1426
Street Name: Mountain Ranch
St Suffix: Road
County: Hamblen
State/Province: TN
Zip Code: 37821
Status Change Info
Date Pending: 2022-05-16
Sold Date: 2022-08-01
Sold Price: $777,500
Property Features
Levels: Two
Exterior Finish: Brick; Wood Siding
Appliances: Dishwasher; Electric Range; Microwave; Refrigerator
Flooring: Carpet; Laminate; Tile
Roof: Shingle
Parking Features: Asphalt; Carport; Deeded
Heating: Central; Electric
Laundry Features: Electric Dryer Hookup; Washer Hookup
Water: Public
Foundation: Slab
AC: Central Air
Utilities: Cable Available
Structure Type: House
Walls: Drywall
Easements: Other
Financing: Cash; Conventional
Listing Office: Broyles Real Estate & Auction
Last Updated: August - 03 - 2022
Information deemed reliable but not guaranteed.