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- LoopNet Team
103 Boone Rd
Newport, TN 37821
Twin Springs Apartments · Multifamily Property For Sale · 5 Units
Investment Highlights
- Growth Potential existing with empty rooms on main level
PROPERTY FACTS
| No. Units | 5 | Lot Size | 1.50 AC |
| Property Type | Multifamily | Building Size | 4,725 SF |
| Property Subtype | No. Stories | 2 | |
| Apartment Style | Low Rise | Year Built | 1940 |
| Building Class | C | Parking Ratio | 2.12/1,000 SF |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.50 AC |
| Building Size | 4,725 SF |
| No. Stories | 2 |
| Year Built | 1940 |
| Parking Ratio | 2.12/1,000 SF |
Unit Amenities
- Washer/Dryer Hookup
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Deck
- Porch
- Workshop
Site Amenities
- Laundry Facilities
About 103 Boone Rd , Newport, TN 37821
Sale includes 2 parcels. One with a 5 unit Apartment Bldg with ability to expand with lower units on main level that have been used for storage and could be renovated for more units. The Apartment Bldg has a Washer and Dryer Facility that has ability for more income. The units were getting $500.00 per. All units are 2 BR, 1BA with Refrigerators and Stoves in each one. Separate Electric and Water Meters. The other Parcel has a Mobile Home on it that is bringing in $200.00 month lot rent. There are two more lots that could possibly be rented. Close to Newport, Cosby, Gatlinburg, Smokey Mtns and Interstate 40. This is an estate sale and all units in apartment bldg. have been vacated for ease of transfer to the next investor who will have their own vision in this income producing potential property. Call today for a showing.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | $500.00 | - |
PROPERTY TAXES
| Parcel Number | 073-036.04 | Improvements Assessment | $31,120 |
| Land Assessment | $5,320 | Total Assessment | $36,440 |
PROPERTY TAXES
zoning
| Zoning Code | Residential |
| Residential |
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