Rankin Rd & Meeks Way Newport, TN 37821

$650,000
Rankin Rd     & Meeks Way, Newport, TN 37821
579454

Multi-Family Home for sale in Newport, TN

for $650,000. This 3,000 square foot home was built in 2008 on a lot size of 12 Acre(s).

Property Information

  • $650,000
  • Multi-Family
  • 3,000 Square Feet
  • Taxes are $3,200
  • Mobile Home Park/Land
  • Active
  • Lot size of 12 Acre(s)
  • Built in 2008
  • Newport, TN
  • Cocke County
  • MLS/Web ID is 579454

Description

Mobile Home Park located in a prime rental area, close to town, low maintenance, rent to own contracts, low vacancy, office on site, 25 x 120 Storage Building w/approx 24 units, underground electric, water and sewer, gas available. A Future Expansion Possibility of 50-57 total pads w 5-6 acres for growth. Buyer to verify all information to their satisfaction.

Interior 3

Interior

  • Network / Ethernet / Internet Wired

Sewer

  • Public Sewer

Water Source

  • Public Water

Exterior 3

Driveway

  • Gravel/Crushed Stone Driveway

Lot Description

  • Landscaping

Separate Utilities

  • Electric Meters

Miscellaneous 1

Other

  • Meters

† Excluded Feature

Listed By

Broker: JACKSON REAL ESTATE AND AUCTION

Rankin Rd & Meeks Way, Newport, TN, 37821 is a Multi-Family Home for sale at $650,000 with 3,000 sqft and a lot size of 12 Acre(s). Rankin Rd & Meeks Way was built in 2008. The property's zip code is 37821 which is in Newport, TN

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Market Pricing

Average % of sale price Median % of sale price
All listings in Newport $268,013 59 % below $167,500 74 % below
Multi-family listings in Newport $314,164 52 % below $164,000 75 % below

Get the facts about Newport, TN!

Population 7,219
Population Growth (since 2000) 1 %
Median Income $23,212
Median Age 40.86
Households w/ Children 25 %

Residential Dwellings

  • Owned 1693
  • Vacant 364
  • Rented 1469

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or Call us at 1-800-839-1363