1092 Highway 25 E, Newport, TN 37821

$1,699,000
List Price
$1,699,000
MLS#
1259342
Status
ACTIVE
Type
Multifamily
City
Newport
County
Cocke
Year Built
2023

Property Description

Lake view property on Douglas Lake and the French Broad River! Investors, Developers and Short Term Rental Specialists! Take a look at this very rare opportunity to own lake view investment property in East Tennessee. Multi-Unit parcel currently offering two (2) modern High on Trend A Frame style lodge/cabin homes. Immediately available for short-term rental. This property offers multiple income streams with Four (4) pads and RV Camper hook ups, and up to 4 additional building sites for a total of 10 rental income units. Pictures may paint a thousand words but they simply don't do the view and serenity justice here! A must see if you are looking to expand your rental real estate portfolio. Take advantage of these low maintenance newly constructed custom designs ready for immediate rental and the upcoming summer vacation season! This Rare Lakefront retreat is a 4.8 acre site with water, sewer, electric and additional infrastructure in place.

Additional Information

Construction
Frame
Floors
Other
Garage
None
Lot Dimensions
489x478x451x283
Year Built
2023

Mortgage Calculator

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Calculator source: Real Geeks

Agent: Michael Fuller |

Office: Mike Fuller Realty & Co |