NOT LISTED FOR SALE

405 Bicentennial Way Newport, TN 37821

-- Bed
-- Bath
14,688 Sq Ft
4.6 Acres

Last Sold February 01, 2023

Last sale price $1,150,000 $78 Per Sq Ft

3 Days on Market

Highlights

  • 4.6 Acre Lot
  • Open Floorplan
  • Partially Wooded Lot
  • Newport Grammar School Rated A-
  • Craftsman Architecture
  • Breakfast Room

About This Home

As of February 2023

Excellent Investment Opportunity!! 24- Unit, high occupancy apartment complex in a prime location within 5 minute drive from Exit 435 / I 40. This apartment complex has 6 buildings, each offering 3,672 Sq. Ft., situated on 4.60 acres. Topography offers space for additional complexes or structures for additional income. Each building contains 4 units all of which are 2-bedroom units. Almost all units have received upgrades with new flooring, bathroom updates, updates to kitchens and appliances, new windows and roof. New Manager office with handicap laundry room along with separate oversized laundry facility. 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.

Last Agent to Sell the Property

Darbi Neas

Envision Realty Group License #336355 Listed on: 11/20/2021

Last Buyer's Agent

Karen Packett

LAKE HOMES REALTY License #244428

LAKE HOMES REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974 | Remodeled

Lot Details

  • 4.6 Acre Lot
  • Level Lot
  • Cleared Lot
  • Partially Wooded Lot
  • Property is in average condition

Parking

  • Parking Pad

Home Design

  • Craftsman Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • Walk-In Closet
  • 14,688 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Double Pane Windows
  • Insulated Windows
  • Breakfast Room
  • Combination Kitchen and Dining Room
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate
  • Vinyl

Outdoor Features

  • Patio
  • Playground
  • Front Porch

Schools

  • Newport Grammar Elementary And Middle School
  • Cocke Co High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Community Details

  • 6 Buildings
  • 24 Units

Listing and Financial Details

  • Assessor Parcel Number 056g D 023.01 000

Property Details

Home Type

Multi-Family

Year Built

Built in 1974 | Remodeled

Lot Details

0

Listing Details

  • Directions: From I 40 exit 435, left on TN -32, Right onto Templin Street, Left onto Woodlawn Avenue, Right onto Freeman Avenue, Right onto Bicentennial Way.
  • Prop. Type: Residential Income
  • Year Built: 1974
  • Property Sub Type: Multi-Family
  • Subdivision Name: Not In Subdivision
  • Architectural Style: Craftsman, Townhouse
  • Unit Levels: Two
  • New Construction: No
  • Location Tax Legal Info Parcel ID: 056g D 023.01 000
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 4.6
  • General Property Description Zoning2: Commercial
  • General Property Description Elementary School3: Newport Grammar
  • General Property Description Middle School2: Newport Grammar
  • General Property Description High School3: Cocke Co
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: 4.60
  • AC Central Air: Yes
  • Appliances Refrigerators: Yes
  • TopographyLot Description Level2: Yes
  • Roof Shingle: Yes
  • AC Heat Pump3: Yes
  • General Property Description Stories2: 2
  • Roof Composition: Yes
  • Interior Features KitchenDining Combo: Yes
  • TopographyLot Description Rolling Slope: Yes
  • Flooring Carpet: Yes
  • Flooring Laminate: Yes
  • Foundation Block6: Yes
  • TopographyLot Description Cleared: Yes
  • Property Condition UpdatedRemodeled: Yes
  • Flooring Vinyl: Yes
  • Property Condition Average: Yes
  • TopographyLot Description Part Wooded: Yes
  • Other Rooms Breakfast: Yes
  • Style Townhouse: Yes
  • General Property Description # Buildings: 6
  • General Property Description Total Units: 24
  • General Property Description Home Warranty2: No
  • Levels:Two: Yes
  • Special Features: None

Interior Features

  • Appliances: Electric Range, Refrigerator
  • Flooring: Vinyl, Carpet, Laminate
  • Interior Amenities: Kitchen/Dining Combo, Laminate Counters, Open Floorplan, Pantry, Remodeled, Smoke Detector(s), Walk-In Closet(s)
  • Window Features: Double Pane Windows, Insulated Windows
  • Interior Features:Pantry: Yes
  • InteriorFeatures:Smoke Detector(s): Yes
  • InteriorFeatures:Remodeled: Yes
  • Interior Features:Laminate Counters: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Electric Range: Yes

Exterior Features

  • Property Condition: Average, Updated/Remodeled
  • Roof: Composition, Shingle
  • Lot Features: Rolling Slope, Part Wooded, Level, Cleared
  • Exterior Features: Playground, Sidewalk
  • Acres: 4.6
  • Home Warranty: No
  • Construction Type: Block, Brick, Vinyl Siding
  • Foundation Details: Block
  • Patio And Porch Features: Front Porch, Rear Patio, Rear Porch
  • Exterior Finish Brick4: Yes
  • Exterior Finish Vinyl Siding: Yes
  • Window Features:Double Pane Windows: Yes
  • Window Features:Insulated Windows: Yes
  • PorchPatioDeck Front Porch: Yes
  • PorchPatioDeck Rear Patio: Yes
  • PorchPatioDeck Rear Porch: Yes
  • Exterior Features:Playground: Yes

Garage/Parking

  • Parking Features: Asphalt, Parking Pad, Parking Spaces
  • Attached Garage: No
  • Parking Features:Asphalt2: Yes
  • Parking Features:Parking Spaces: Yes
  • Parking Features:Parking Pad: Yes

Utilities

  • Heating: Heat Pump, Electric, Central
  • Sewer: Public Sewer
  • Cooling: Central Air, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Electric: Yes

Schools

  • Elementary School: Newport Grammar
  • High School: Cocke Co
  • Middle Or Junior School: Newport Grammar

Lot Info

  • Zoning: Commercial
  • Lot Dimensions: 4.60
  • Lot Size Sq Ft: 200376.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 056g D 023.01 000
  • ResoLotSizeUnits: Acres

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2023 02/01/23 Sold $1,150,000 0.0% $78 / Sq Ft
11/20/2021 11/20/21 For Sale $1,150,000 -- $78 / Sq Ft
Source: Tennessee/Virginia Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Darbi Neas

    Seller's Agent in 2023

    Darbi Neas

    Envision Realty Group

    (423) 972-3446

    12 in this area

    75 Total Sales

    Darbi Neas
    Section Image

  • K

    Buyer's Agent in 2023

    Karen Packett

    LAKE HOMES REALTY

    Section Image

  • W

    Buyer's Agent in 2023

    Wilma Crowder

    K-Town Realty

See All Agents

Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9931274

Tennessee/Virginia Regional MLS
Tennessee Cocke County Newport 37821

405 Bicentennial Way, Newport, TN

This home is located at 405 Bicentennial Way, Newport, TN 37821 since 20 November 2021. This property was built in 1974. 405 Bicentennial Way is a home located in Cocke County with nearby schools including Newport Grammar School, Grace Christian School, and Calvary Baptist Tabernacle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Listing information is deemed reliable, but not guaranteed.

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