7050-7064 Armory Road Newport, TN ^$ 385,000

7050-7064 Armory Road

^$ 385,000

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7050-7064 Armory Road

Newport, TN, 37821

^$ 385,000

Bedrooms6 Baths3.0 Sq 3,612

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Property for Rent in Newport, TN

for $385,000 with 6 bedrooms and 3 full baths. This 3,612 square foot property was built in 1973 on a lot size of 1.83.

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!

Rental Active

Price

^$ 385,000

Bedrooms

Full Bath

Taxes

^$ 1,506

Style

Triplex

Lot Size

1.83

Year Built

1973

Town/City

Newport

County/Region

Cocke

MLS | Web ID

263438

Features

General

Sewer Septic Tank Septic Permit Not Found

Heating Central Electric Heat Pump

Cooling Central Air

Possession Close Of Escrow

Zoning Other

Garage Spaces 0.0

Construction Materials Block Frame

Year Built 1973

Property SubType Triplex

Tax Year 2022

Gross Income 31500.0

County Cocke

New Construction N

Property Type Residential Income

HOA / Comm Assn N

Attached Garage N

Subdivision Name Other

Garage Y/N N

Status Active

Directions 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

View Y/N N

Total Units 3

MLS Area Cocke County

Lot Size Square Feet 79714.8

Waterfront Y/N N

Carport Y/N N

Street Name Armory

Property Attached Y/N N

Land Lease Y/N N

Tax Annual Amount 1506.17

Home Warranty Y/N N

MLS Area Minor Cocke County

Additional Parcels Y/N N

Rent Control Y/N N

Standard Status Active

Tax Lot 4-6

Senior Community None

Exterior

Water Source Public

Lot Size Area 1.83

Spa N

Building Area Total 3612.0

Lot Size Acres 1.83

Road Surface Type Paved

Lot Size Units Acres

Road Frontage Type State Road

Open Parking Y/N N

Horse Y/N N

Interior

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Full Baths 3

Half Baths 0

Street Suffix Road

Total Bedrooms 6

Electric On Property Y/N N

Total Baths 3

Internal Only

Street Number 1 70507064

* Excluded Features

List By

United Real Estate Solutions

Broker

ginaoglerealtor@gmail.com

Nearby

Trends
Schools

About Newport, TN

7,461 Population

5% Since 2002

^$22,588 Median Income

41.04 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2009826 Elementary School

2009827 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/10/2024	$385,000	-2.01%	Price Down
11/28/2023	$392,900	-1.75%	Price Down
9/17/2023	$399,900		Listed Price

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7050-7064 Armory Road, Newport, TN, 37821 is a Property for Rent at $385,000 with 3,612 sqft and a lot size of 1.83. 7050-7064 Armory Road has 6 bedrooms, 3.0 baths, and was built in 1973. The property's zip code is 37821 which is in Newport, TN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Broker Reciprocity Program of the Great Smoky Mountains Association of REALTORS Multiple Listing Service.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/30/2024.

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7050-7064 Armory Road

Property for Rent in Newport, TN

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