420 Cottage WAY Parrottsville, TN 37843
2,016 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,016 sqft
Price per Sqft $158
Subdivision Not In Subdivision
MLS Listing ID 10002410
HOA Y/N No
Total Fin. Sqft 2016
Year Built 2002
Lot Size 3.000 Acres
Acres 3.0
Lot Dimensions See Acres
Source Tennessee/Virginia Regional MLS
Property Description
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.
Location
State TN
County Cocke
Community Not In Subdivision
Area 3.0
Zoning Commercial
Direction Take TN-354 S/Boones Creek Rd to US-11E S/E Jackson Blvd in Jonesborough Follow US-11E S and US-321 S to Carpenter Rd in Cocke County Continue on Carpenter Rd. Take Allen Chapel Rd to Cottage Rd
Interior
Heating Central
Cooling Central Air
Equipment Range, Refrigerator
Heat Source Central
Exterior
Utilities Available Cable Available, Electricity Connected, Water Connected
Roof Type Metal
Road Frontage City Street
Building
Sewer See Remarks
Water Public
Structure Type Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 041 046.01
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
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