BEDS2
BATHS2 full
SQUARE FEET1,188
MLS#712486
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Great Opportunity for Investors or buyers wanting a turnkey rental!Fully leased duplex generating $1400/per month with documented rental history and consistent occupancy for the past two years. Each renovated 1 bedroom, 1 bath unit features modern, neutral finishes, vinyl plank flooring throughout, updated kitchen cabinets and appliances. In addition, Unit 1 was a total and complete renovation including new wiring, plumbing, walls, and windows. The property has a new roof and new mini-split HVAC systems less than 3 years old. This property is conveniently located in Newport City limits within walking distance from Newport Grammar School. This property offers immediate cash flow with minimal maintenance needed. Current rents provide stable cash flow with potential for future rental growth.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Ceiling Fan(s), Electric, Ductless
Heating: Ductless, Electric
Lot Size: 0.10 Acres
Roof Type: Metal
Year Built: 1955
Units
Unit Type 1:
Bedrooms: 1
Full Baths: 1
Rent: $700.00
Square Footage: 594.00
Unit Type 2:
Bedrooms: 1
Full Baths: 1
Rent: $700.00
Square Footage: 594.00
Feature Descriptions
Appliances: Electric Oven, Refrigerator, Electric Water Heater
Days on Site: 4
Exterior: Block, Vinyl Siding
Exterior: Rain Gutters
Fencing: None
Flooring: Luxury Vinyl
HOA Y/N: No
Interior: Ceiling Fan(s), Laminate Counters
Laundry: Electric Dryer Hookup, Washer Hookup, Main Level
Lot: City Lot
Lot Dimensions: 50x90x50x90
Parcel #: 056F C 00500 000
Porch/Patio/Deck: Front Porch
Sewer: Public Sewer
Water: Public
Windows: Vinyl Frames
Local Schools
High School: Cocke
Elementary School: Newport Grammar
Listed By / Shown By
Listed By
Agency Name: Keller Williams Properties
Agency Phone: (423) 616-0806
Shown By
Agent Name: Alexa Smith
Agent Phone:
Agency Title: Franklin Realty Inc.
Estimate Your Payment
Estimated Payment
$ 1,509.34 per month $1,440.80 Principal & Interest $0.00 Property Tax (data not provided by mls) $68.54 Homeowner's Insurance
659 7th Street | MLS# 712486
This multi-family property located at 659 7th Street, Newport, TN 37821 is currently listed for sale with an asking price of $235,000. Search Newport real estate on asmith.franklinrealty.com today.