7050-7064 Armory Rd Newport, TN $ 385,000
7050-7064 Armory Rd
$ 385,000
Share Save

7050-7064 Armory Rd

Newport, TN, 37821
$ 385,000
Baths0.0 Sq 3,612

Monthly Estimate*

$ 2,689

7050-7064 Armory Rd, Newport, TN 37821 - Image 1
7050-7064 Armory Rd, Newport, TN 37821 - Image 2
7050-7064 Armory Rd, Newport, TN 37821 - Image 3
7050-7064 Armory Rd, Newport, TN 37821 - Image 4
7050-7064 Armory Rd, Newport, TN 37821 - Image 5
7050-7064 Armory Rd, Newport, TN 37821 - Image 6
7050-7064 Armory Rd, Newport, TN 37821 - Image 7
7050-7064 Armory Rd, Newport, TN 37821 - Image 8
7050-7064 Armory Rd, Newport, TN 37821 - Image 9
7050-7064 Armory Rd, Newport, TN 37821 - Image 10
7050-7064 Armory Rd, Newport, TN 37821 - Image 11
7050-7064 Armory Rd, Newport, TN 37821 - Image 12
7050-7064 Armory Rd, Newport, TN 37821 - Image 13
7050-7064 Armory Rd, Newport, TN 37821 - Image 14
7050-7064 Armory Rd, Newport, TN 37821 - Image 15
7050-7064 Armory Rd, Newport, TN 37821 - Image 16
7050-7064 Armory Rd, Newport, TN 37821 - Image 17
7050-7064 Armory Rd, Newport, TN 37821 - Image 18
7050-7064 Armory Rd, Newport, TN 37821 - Image 19
7050-7064 Armory Rd, Newport, TN 37821 - Image 20
7050-7064 Armory Rd, Newport, TN 37821 - Image 21
7050-7064 Armory Rd, Newport, TN 37821 - Image 22
7050-7064 Armory Rd, Newport, TN 37821 - Image 23
7050-7064 Armory Rd, Newport, TN 37821 - Image 24
Studio

Multi-Family Home for sale in Newport, TN

for $385,000. This 3,612 square foot home was built in 1973.

ATTENTION INVESTORS! Fully leased triplex, each unit has two bedrooms and one bath. All units have long term tenants who are on a month to month lease. Rent was increased from $400/month to $800/month in August 2022. Tenants pay their own utilities, water is part of the electric bill. Each meter is separate with no owners panel. There is also seven large storage units and one small storage unit on the property, currently three are leased. Owner pays for lawn care and a security light on the property. Sitting on 1.83 acres, tons of potential! Unit 3 has all new LVP flooring throughout, new tile in the bathroom. Units 1 and 2 have new tile in the kitchen and bath. Unit 1 has a new tub/shower combo.

See more

Multi-Family Active

Price

$ 385,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Year Built

1973

Town/City

Newport

County/Region

Cocke

MLS | Web ID

1239924

Features
General
Heating Heat Pump Central Electric
Cooling Central Cooling
Appliances Smoke Detector Refrigerator
Construction Materials Vinyl Siding Block Frame
Year Built 1973
Gross Income 31500.0
County Cocke County - 39
Property Type Multi-Family
Attached Garage N
Subdivision Name Al Hannon
Garage Y/N N
Status Active
Directions Take I-40 East to Exit 435 turn right on to Hwy 321 go 2.6 miles and turn left on Armory Road go 0.3 miles property will be on your left. See sign.
City Newport
Buyer Agent Compensation 2.5000
View Y/N N
Total Units 3
MLS Area Cocke County - 39
Lot Size Square Feet 1.83
Carport Y/N N
Street Name Armory
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor Cocke County - 39
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Buyer Agent Compensation Type %
Senior Community None
See more
Interior
Flooring Laminate Carpet Vinyl
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix Rd
Electric On Property Y/N N
Total Baths 0
See more
Exterior
Parking Features On Premise Parking
Lot Size Area 1.83
Spa N
Building Area Total 3612.0
Lot Dimensions 0
Lot Size Acres 0.0
Lot Size Units Square Feet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
See more
Internal Only
Street Number 1 70507064
See more
* Excluded Features
List By
Gina Ogle

Listing Agent

United Real Estate Solutions

Broker

Affordability Calculator

$2,689
Per Month
100%
0%
0%
Monthly Principal & Interest
$2,689
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
694100 Elementary School
694101 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/10/2024$385,000 -2.01% Price Down
11/28/2023$392,900 -1.75% Price Down
9/16/2023$399,900 Listed Price

Map


See all

7050-7064 Armory Rd, Newport, TN, 37821 is a Multi-Family Home for sale at $385,000 with 3,612 sqft. 7050-7064 Armory Rd is a studio with 0.0 baths and was built in 1973. The property's zip code is 37821 which is in Newport, TN