Commercial Sale in Parrottsville

$319,900

420 Cottage, 37843, Parrottsville, TN

Commercial Sale for sale in Parrottsville, 420 Cottage, 37843, 2016 m²

420 Cottage, 37843, Parrottsville, TN

$319,900

2016m²
Type: Commercial Sale

Description

Rare find: two large, renovated residences on 3 park-like acres, priced well below the cost to build. This side-by-side duplex in Parrottsville offers two spacious 1, 008 sf homes, each with 2 bedrooms, 1 bath and an open, light-filled kitchen and living area. Built in 2002 and renovated in 2023, both feature luxury vinyl plank floors, updated kitchens with new appliances, fresh paint, new lighting and ceiling fans, their own heat pumps, W/D hookups and covered front porches, all under a metal roof. The land is the showstopper: 3 acres of open ground backed by woods, with room for gardens, a fire pit, a play area or a workshop, just minutes from Newport. Space like this is hard to find with any rental, let alone a newer one. Both homes are leased at $1, 000/month through April 30, 2027, so income starts day one, and tenants pay their own separately metered electric and water. Live in one and rent the other, or keep both as rentals and let the property work for you. Building new in East Tennessee runs $200+ per sf before land. Here you get two renovated homes and 3 acres for about $159 per sf. Tenant-occupied. Please do not walk the property or disturb the tenants. Showings only after an accepted offer, during the inspection period, with proof of funds or lender pre-approval. Contact the listing agent for the full investment package with photos, aerial, rent roll and projected income.

Agent Information

Location

420 Cottage, 37843, Parrottsville, TN

Data

Object TypeCommercial Sale
Purchase Price$319,900
Living Space2016 m²
Plot Size12140.56 m²
BathroomsN/A
Construction Year2002
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeCentral
Primary Energy SourceN/A
Construction Year2002
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

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