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Sold for $1,100,000
  • $1,100,000

    630 Village Way, Newport, TN 37821

    26beds
    24baths
    13,576sqft
    Multi Family
    Built in 1981
    -- sqft lot
    $962,900 Zestimate®
    $81/sqft
    $1,076 Estimated rent

    Home value

    $962,900

    $684,000 - $1.33M

    $1,076/mo

    Zestimate® history
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    $1,076/mo

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    $1,076/mo

    Rent Zestimate®

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    $5,237/mo

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    $5,237/mo

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    What's special

    Excellent Investment Opportunity!! 24- Unit high occupancy apartment complex in prime location within 6 minute drive from Exit 435 / I 40. Well managed apartment complex has 3 buildings and situated on 1.04 acres. Unit 1 offers 3,780 sq. ft. with 1 level - open floor plan, 8 Studio Style apartments with bathroom and kitchen. Unit 2 offers 3,780 sq. ft. with 8 Studio Style apartments with open floor plan, bathroom and kitchen. Unit 3 offers 6,016 sq.ft with Community Room complete with kitchen and laundry facility. 2 Apartments offering 2 Bedrooms, 1 Bathroom and Kitchen along with 6 apartments offering 1 bedroom, 1 Bathroom and Kitchen. Almost all units have received upgrades with new flooring, bathroom updates, updates to kitchens and appliances and roof. New Paved Parking. Separate Maintenance Storage. Currently, the apartment complex has 100% occupancy rate. Don't miss out on this fantastic opportunity to own a high cash-flow, high occupancy apartment complex in this fast-growing community. 24 Hour notice for all showings. Financial and Cash Flow Statements available for qualified buyers. All information deemed reliable but not guaranteed. Buyer/Buyers Agent to verify all information.

    Zillow last checked:

    Listing updated:

    Listed by:

    Darbi Neas 423-525-5767,

    Envision Realty Group

    Bought with:

    Non Member

    Non Member

    Source: TVRMLS,MLS#: 9931275

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 26
    • Bathrooms: 24
    Heating
    • Central, Electric
    Cooling
    • Central Air, Heat Pump
    Appliances
    • Included: Electric Range, Refrigerator
    Features
    • Laminate Counters, Open Floorplan, Remodeled
    • Flooring: Vinyl, Carpet, Concrete, Laminate
    • Has fireplace: No
    Interior area
    • Total structure area: 13,576
    • Total interior livable area: 13,576 sqft

    Property

    Accessibility
    • Accessibility features: Handicap Modified
    Features
    • Levels: One
    • Stories: 1
    • Exterior features: See Remarks
    Lot
    • Size: 1.04 Acres
    • Dimensions: 150 x 170
    • Topography: Level
    Details
    • Parcel number: 056c F 017.00
    • Zoning: Commercial

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Ranch,Traditional
    • Property subtype: Multi Family
    Materials
    • Brick, Vinyl Siding
    • Roof: Composition,Shingle
    Condition
    • Updated/Remodeled,Average
    • New construction: No
    • Year built: 1981

    Utilities & green energy

    • Water: Public

    Community & neighborhood

    Security
    • Security features: Smoke Detector(s)
    Community
    • Community features: Sidewalks
    Location
    • Region: Newport
    • Subdivision: Not In Subdivision

    HOA & financial

    HOA
    • Has HOA: No

    Price history

    DateEventPrice
    12/14/2023Sold$1,100,000+12.8%$81/sqft
    Source: TVRMLS #9931275 Report a problem
    12/14/2021Contingent$975,000$72/sqft
    Source: TVRMLS #9931275 Report a problem
    11/22/2021Price change$975,000+11.4%$72/sqft
    Source: TVRMLS #9931275 Report a problem
    11/20/2021Listed for sale$875,000$64/sqft
    Source: TVRMLS #9931275 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 37821

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Newport Grammar
    • Middle: Newport Grammar
    • High: Cocke Co

    Source: TVRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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