2536 Newport Highway
Description
Over 13 Million visitors to the...Rare opportunity for a great value add, or income producing property in a very convenient location in Sevierville, TN. This property features 1.47 acres, with 5 property-owned manufactured homes, and a 3-bedroom 2-bath site-built house. There is room for expansion and additions, while enjoying road frontage on one of the most traveled roads in Sevier County, along with rents being below market rent, creating an opportunity for short-term growth. Investment Highlights;
Over 13 Million visitors to the area as of 2023. Located conveniently to the local attractions, and large employment sites. High traffic road frontage, with over 14,000 cars daily. Property owns all homes on site. Immediate opportunity to increase income.
- Listed by Logan Smith • MG Rise Real Estate Group
Amenities
- Air Conditioning
- Parking Included
Property Details for 2536 Newport Highway
| Status | Active |
|---|---|
| MLS # | 1277792 |
| Days on Market | 49 |
| Taxes | $411 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family |
| Year Built | 1977 |
| Lot Size | 0.00 AC / 0 SF |
| County | Sevier County |
Building Information for 2536 Newport Highway
Property Information for 2536 Newport Highway
- City: Sevierville
- County Or Parish: Sevier County - 27
- Directions: Turn off of Newport Highway to 2536 Newport Highway.
- Latitude: 35.886179
- Longitude: -83.452076
- MLS Area Major: Sevier County - 27
- MLS Area Minor: Sevier County - 27
- Postal Code: 37876
- State Or Province: TN
- Location Tax Legal Info Area: Sevier County - 27
- Remarks Misc Directions: Turn off of Newport Highway to 2536 Newport Highway.
- Attached Garage: No
- Parking Features: Off-Street Parking
- General Property Description Driveway: yes
- Garage Parking Off-Street Parking: True
- Association Fee: 0.0
- Parcel Number: 040 064.00
- Owner Expenses Taxes: True
- Location Tax Legal Info Total Tax: 411.07
- Virtual Tours Count: 0
- Lot Size Area: 0.0
- Lot Size Square Feet: 0.0
- Year Built: 1977
- Building Area Total: 6076.0
- Living Area Source: Tax Records
- Lot Size Acres: 0.0
- Lot Size Dimensions: 192x449x129
- General Property Description SqFt - Source: Tax Records
- General Property Description Lot Dimensions: 192x449x129
- Possession: At Closing
- Property Type Label: Multi-Family
- Floor Plans Count: 0
- Property Type: Multi-Family
- Possession At Closing: True
- General Property Description UtilitiesMo Avg: 0.0
- Fuel Electric: True
- Construction Materials: Stone, Vinyl, Other
- Siding Stone: True
- Siding Vinyl: True
- Bathrooms Total Integer: 0
- Cooling Details: Yes
- Flooring: Laminate, Carpet
- Heating: Yes
- Cooling Central Cooling: True
- Floors Carpet: True
- Floors Laminate: True
- Floors Other: True
- Heat Central: True
- Other Rooms DenStudy: True
- Roof Metal: True
- Roof Shingle: True
- Gross Income: $55,200.00
- Number Of Units Total: 6
- Type of Units 2 Bedroom Unit: True
- Type of Units 3 or more Bdrm Units: True
- Income Expenses Gross Annual Income: 55200.0
- Unit 1 Unit Number: 1
- Unit 1 Beds Total: 3
- Unit 1 Rent: 850
- Unit 2 Unit Number: 2
- Unit 2 Beds Total: 2
- Unit 2 Rent: 575
- Unit 3 Unit Number: 3
- Unit 3 Beds Total: 2
- Unit 3 Rent: 900
- Unit 4 Unit Number: 4
- Unit 4 Beds Total: 3
- Unit 4 Rent: 750
- Unit 5 Unit Number: 5
- Unit 5 Beds Total: 3
- Unit 5 Rent: 850
- Unit 6 Unit Number: 6
- Unit 6 Beds Total: 3
- Unit 6 Rent: 675
- General Property Description Number of Units Leased: 5.0
- General Property Description Restrictions: No
- General Property Description Lease Information: Month to month
- Tenant Expenses Cooling: Central Cooling
- Tenant Expenses Heating: Central,Electric
- Tenant Expenses Tenant Pays All Utilities: True
Property History for 2536 Newport Highway
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2536 Newport Highway
Schools near 2536 Newport Highway
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 2 | |||
| Public - | PK to 6 |
Rating | School | Distance |
|---|---|---|
New Center Elementary PublicK to 8 | ||
Sevier County High School Public9 to 12 | ||
Sevierville Primary School PublicPK to 2 | ||
Catons Chapel Elementary School PublicPK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of MG Rise Real Estate Group, Logan Smith
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