7050-7064 Armory Road

Newport, TN 37821

$385,000
Price
—
Beds
3,612 Sq. Ft.
$107 / Sq. Ft.
3,612
Sq. Ft.
$107
per Sq. Ft.
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Description

Attention investors! Previous owner absolutely loved this property, but unfortunately was not able to realize her dreams of what she envisioned. All three units have long term tenants who also truly love their home! Find your favorite Agent and schedule your showing today! 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,...Attention investors! Previous owner absolutely loved this property, but unfortunately was not able to realize her dreams of what she envisioned. All three units have long term tenants who also truly love their home! Find your favorite Agent and schedule your showing today! 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! Unit 3 has all new LVP flooring throughout, new tile in the bathroom. Units 1 and 2 have new tile in the kitchen and bath. Unit 1 has a new tub/shower combo.
  1. Listed by Gina Ogle • United Real Estate Solutions

Property Details for 7050-7064 Armory Road

Sub division Name
Al Hannon
LISTING UPDATED: 08/23/2024 01:58 AM

Property Details for 7050-7064 Armory Road

StatusActive
MLS #1239924
Days on Market429
Taxes$1,506 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1973
Lot Size0.00 AC / 0 SF
CountyCocke County

Building Information for 7050-7064 Armory Road

Stories-Residences3Year Built1973Building Size-Lot Size0.00 AC / 0 SF

Property Information for 7050-7064 Armory Road

Summary
Location and General Information
  • City: Newport
  • County Or Parish: Cocke County - 39
  • Directions: Take 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.
  • Latitude: 35.915178
  • Longitude: -83.213369
  • MLS Area Major: Cocke County - 39
  • MLS Area Minor: Cocke County - 39
  • Postal Code: 37821
  • State Or Province: TN
  • Location Tax Legal Info Area: Cocke County - 39
  • Remarks Misc Directions: Take 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.
Parking
  • Attached Garage: No
  • Parking Features: On Premise Parking
  • General Property Description Driveway: Asphalt
  • Garage Parking On Premise Parking: True
Taxes and HOA Information
  • Association Fee: 0.0
  • Parcel Number: 073 026.00
  • Location Tax Legal Info Total Tax: 1506.17
Virtual Tour
  • Virtual Tours Count: 0
Property
Lot Information
  • Lot Size Area: 1.83
  • Lot Size Units: Square Feet
  • Lot Size Square Feet: 1.83
  • Year Built: 1973
  • Building Area Total: 3612.0
  • Living Area Source: Tax Records
  • Lot Size Acres: 0.0
  • Lot Size Dimensions: 0
  • General Property Description SqFt - Source: Tax Records
  • General Property Description Lot Dimensions: 0
  • General Property Description Lot Size SqFt: 1.83
Property and Assessments
  • Possession: At Closing
  • Property Type Label: Multi-Family
  • Floor Plans Count: 0
  • Property Type: Multi-Family
  • Possession At Closing: True
Utilities
  • General Property Description UtilitiesMo Avg: 0.0
  • Fuel Electric: True
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl, Block, Frame
  • Siding Vinyl: True
Interior Features
  • Bathrooms Total Integer: 0
  • Cooling Details: Yes
  • Kitchen Appliances: Range, Refrigerator, Smoke Detector
  • Flooring: Laminate, Carpet, Vinyl
  • Heating: Yes
  • Cooling Central Cooling: True
  • Floors Carpet: True
  • Floors Laminate: True
  • Floors Vinyl: True
  • Heat Central: True
  • Heat - Heat Pump: True
  • Appliances Range: True
  • Appliances Refrigerator: True
  • Appliances Smoke Detector: True
  • Other Rooms Mstr Bdrm Main Level: True
  • Roof Metal: True
  • Misc Features WasherDryer Connect: True
Multi Family
Income & Expenses Information
  • Gross Income: $31,500.00
Multi-Family Information
  • Number Of Units Total: 3
  • Type of Units 2 Bedroom Unit: True
  • Type of Units Unfurnished: True
  • Income Expenses Gross Annual Income: 31500.0
Unit 1
  • Unit 1 Unit Number: 1
  • Unit 1 Beds Total: 2
  • Unit 1 Rent: $800
  • Unit 1 Squarefeet: 1200.0
  • Unit 1 Furnished: Unfurnished
  • Unit 1 Lease: Yes
Unit 2
  • Unit 2 Unit Number: 2
  • Unit 2 Beds Total: 2
  • Unit 2 Rent: $800
  • Unit 2 Squarefeet: 1200.0
  • Unit 2 Furnished: Unfurnished
  • Unit 2 Lease: Yes
Unit 3
  • Unit 3 Unit Number: 3
  • Unit 3 Beds Total: 2
  • Unit 3 Rent: $800
  • Unit 3 Squarefeet: 1200.0
  • Unit 3 Furnished: Unfurnished
  • Unit 3 Lease: Yes
Rental
Rent Information
  • General Property Description Number of Units Leased: 3.0
  • General Property Description Lease Information: All units are on a month to month lease for $800 per month. Storage units are $75/month.
  • Tenant Expenses Cooling: Central Cooling
  • Tenant Expenses Electricity: True
  • Tenant Expenses Heating: Heat Pump,Central,Electric
  • Tenant Expenses Telephone: True
  • Tenant Expenses Tenant Pays All Utilities: True
  • Tenant Expenses WaterSewer: True

Property History for 7050-7064 Armory Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 7050-7064 Armory Road

This home is within Cocke County School District.
Rating
School
Type
Grades
Distance
Cosby Elementary School
Public - K to 8
Cosby High School
Public - 9 to 12
Rating
School
Distance
Cosby Elementary School
PublicK to 8

Cosby High School
Public9 to 12

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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More information about 7050-7064 Armory Road, Newport, TN 37821

7050-7064 Armory Road is a multi-family home for sale in Newport, TN 37821. This property was listed for sale on September 16, 2023 by United Real Estate Solutions, it's currently listed at $385,000. It has been on the market for a total of 429 days and was last sold on July 29, 2022. This listing's school district is Cocke County School District. Nearby schools include Cosby Elementary School and Cosby High School. 7050-7064 Armory Road is a 0-bed, 0-bath, 3,612 sqft multi-family home built in 1973.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of United Real Estate Solutions, Gina Ogle

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 MTRMLS, Inc. All Rights Reserved. Last updated: 08/23/2024 01:58 AM