NOT LISTED FOR SALE

630 Village Way Newport, TN 37821

-- Bed
-- Bath
13,576 Sq Ft
1.04 Acres

Last Sold December 14, 2023

Last sale price $1,100,000 $81 Per Sq Ft

23 Days on Market

Highlights

  • Open Floorplan
  • Traditional Architecture
  • Laundry Room
  • Newport Grammar School Rated A-
  • No HOA
  • Handicap Modified

About This Home

As of December 2023

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.

Last Agent to Sell the Property

Darbi Neas

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

Last Buyer's Agent

Non Member

Non Member

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1981 | Remodeled

Lot Details

  • 1.04 Acre Lot
  • Lot Dimensions are 150 x 170
  • Level Lot
  • Property is in average condition

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 13,576 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Electric Range
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate
  • Concrete
  • Vinyl

Accessible Home Design

  • Handicap Modified

Schools

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

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Community Details

  • No Home Owners Association
  • 3 Buildings
  • 24 Units

Listing and Financial Details

  • Assessor Parcel Number 056c F 017.00

Property Details

Home Type

Multi-Family

Year Built

Built in 1981 | Remodeled

Lot Details

0

Listing Details

  • Directions: From I 40 exit 435, left on TN -32, Right onto Templin Street, Left onto Woodlawn Avenue to Lincoln Avenue, Right onto 2nd Street, Left onto Village Way.
  • Prop. Type: Residential Income
  • Year Built: 1981
  • Property Sub Type: Multi-Family
  • Subdivision Name: Not In Subdivision
  • Architectural Style: Ranch, Traditional
  • Unit Levels: One
  • New Construction: No
  • Location Tax Legal Info Parcel ID: 056c F 017.00
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 1.04
  • 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
  • General Property Description HOA YN: No
  • Water Public: Yes
  • General Property Description Lot Dimensions: 150 x 170
  • AC Central Air: Yes
  • Appliances Refrigerators: Yes
  • TopographyLot Description Level2: Yes
  • Style Ranch: Yes
  • Roof Shingle: Yes
  • AC Heat Pump3: Yes
  • General Property Description Stories2: 1
  • Roof Composition: Yes
  • Flooring Carpet: Yes
  • Flooring Laminate: Yes
  • Other Rooms Laundry: Yes
  • Property Condition UpdatedRemodeled: Yes
  • Flooring Vinyl: Yes
  • Property Condition Average: Yes
  • Flooring Concrete4: Yes
  • General Property Description # Buildings: 3
  • General Property Description Total Units: 24
  • General Property Description Home Warranty2: No
  • Levels One: Yes
  • Special Features: None

Interior Features

  • Appliances: Electric Range, Refrigerator
  • Flooring: Vinyl, Carpet, Concrete, Laminate
  • Interior Amenities: Handicap Modified, Laminate Counters, Open Floorplan, Remodeled, Smoke Detector(s)
  • InteriorFeatures:Smoke Detector(s): Yes
  • InteriorFeatures:Remodeled: Yes
  • Interior Features:Laminate Counters: Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Electric Range: Yes
  • InteriorFeatures:Handicap Modified: Yes

Exterior Features

  • Property Condition: Average, Updated/Remodeled
  • Roof: Composition, Shingle
  • Lot Features: Level
  • Exterior Features: Sidewalk, See Remarks
  • Acres: 1.04
  • Home Warranty: No
  • Construction Type: Brick, Vinyl Siding
  • Exterior Finish Brick4: Yes
  • Exterior Finish Vinyl Siding: Yes
  • Exterior Features:See Remarks23: Yes

Utilities

  • Heating: Electric, Central
  • Cooling: Central Air, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: 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: 150 x 170
  • Lot Size Sq Ft: 45302.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 056c F 017.00
  • 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
12/14/2023 12/14/23 Sold $1,100,000 -4.3% $81 / Sq Ft
02/25/2023 02/25/23 Price Changed $1,150,000 +31.4% $85 / Sq Ft
11/20/2021 11/20/21 For Sale $875,000 -- $64 / 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

  • N

    Buyer's Agent in 2023

    Non Member

    Non Member

See All Agents

Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9931275

Tennessee/Virginia Regional MLS
Tennessee Cocke County Newport 37821

630 Village Way, Newport, TN

This home is located at 630 Village Way, Newport, TN 37821 since 20 November 2021. This property was built in 1981. 630 Village 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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