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2482-2480 Elk Way, Newport, TN 37821

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For Sale

$724,999

6 beds • 7 baths • 5,758 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Single Family Detached
    Property type

  • $125.91
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

We guarantee the sale of your home or we will buy it! This property comes with $22,000+ in savings, guaranteed! We offer a stress free move that can happen immediately. If you are not completely satisfied with your investment at 24 months, we'll buy it back or sell it absolutely free-no questions asked. That's a $16,000+ value to our VIP buyers! We can even buy your current home so you can move in right away, so you don't get stuck owning two homes. Contact us today for a complimentary consultation and to get started.**********************************************************************************Incredible investment opportunity with panoramic Smoky Mountain views! This unique property offers multiple income streams and nearly 2 acres of land. Included is a spacious 3-bedroom, 4-bath main home plus a fully-rented tri-plex with three 1-bedroom units. Each offering 1,136 sq. ft. of living space. Projected rental income for all four units totals at least $5,500 per month. The main home, built in 1984, offers approximately 2,350 sq. ft., a fenced yard perfect for pets, a brand-new back deck, and a new roof. It also features a 2-car attached garage and plenty of outdoor space for entertaining or relaxing with guests. Each townhome in the tri-plex has been updated with a new HVAC system and new roof. All four units are separately metered for water and electricity, making management simple. Whether you choose to live in the main house and manage the rentals next door, or rent them all out, this property offers flexibility and strong cash flow in a high-demand area.*********************************************************************************** Contact us today to get more information about this exclusive offer! Our properties include a 12-month limited home warranty ($660) value, $2,500 lender credit for qualifying buyers using our preferred lender, Free appraisal for qualifying buyers using our preferred lender, $300 title attorney credit, and $100 home inspection credit with our preferred vendor for our VIP buyers.
MLS# 11494851

Courtesy Of Your Home Sold Guaranteed Realty TN

(865) 365-1670

Property Features

  • Age
    41-50 Years Old
  • Appliances
    Dishwasher, Refrigerator, Washer
  • Architecture Style
    New Traditional
  • Exterior Type
    Vinyl Siding, Wood Siding
  • Floor Covering
    Carpet, Vinyl
  • Lot Size
    1.93 Acres
  • View Type
    Mountain

Map and Directions

Directions to 2482-2480 Elk Way, Newport, TN 37821

Home seller CENTURY 21 Legacy

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Legacy

(865) 436-7121
Learn More About Us

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Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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