2481 Elk Way, Newport, TN 37821

Income-Producing 5-Unit multi-family property offers immediate rental income and room to grow. Each unit is a 1bed/1 bath, approximately 600 sq fteach, for a total of 3,000 sq ft. Three units are currently rented, with the center section offering flexibility for two more one bedroom units or a 2 bedroom unit-buyer's choice. Key Features: Mountain Views from every unit Two septic tanks on site New Whirpool waher, dyer and refrigerators in the 2 end units New Mini-Split HVAC unit for one of the 2 unfinished units 5 electric meter bases ( 4 Currently installed) Trex material for an additional porch Cleared and compacted second building site with perk test completed - ideal for 3 additonal 1 bedroom units or a 3 bedroom home. Currently producing $2100.00 a month, with the potential to reach $6,400.00 a month once the second build site is developed. Located only 20 minutes from Gatlinburg and The Great Smoky Mountains National Park, this property sets in the heart of East Tennesee's outdoor paradise- perfect for long-term or short term rentals. Don't miss this rare opputunity to own a versatile, income-producing property with endless potential and million -dollar views !!