508 Central Ave Lafollette, TN 37766
4,040 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,040 sqft
Price per Sqft $142
MLS Listing ID 1344805
Year Built 1930
Lot Dimensions 100x150
Source East Tennessee REALTORS® MLS
Property Description
Investors, don't miss this turnkey income property with strong upside. This recently updated, two-building, 8-unit complex combines modern finishes with a hassle-free management profile -- ideal for multifamily portfolios or short-term rental operators looking to scale quickly.
Highlights:
- Eight fully renovated units across two buildings, thoughtfully updated for durability and market appeal.
- Immediate cash flow: active rentals in place with attractive historical occupancy; excellent potential to increase rents or convert additional units to short-term stays.
- Outstanding location: minutes from Norris Lake and close to ATV trails, camping, boating and outdoor recreation -- a major draw for vacationers and outdoor enthusiasts.
- Excellent accessibility: conveniently located off the interstate with quick access to Lafollette, TN amenities including shops, dining, and services.
- Investment-friendly pricing designed to facilitate a smooth transaction and fast close.
Why this works for investors:
- Dual use potential -- stable long-term rental income now, with strong seasonal demand for STRs.
- Recent renovations reduce near-term capex and lower maintenance headaches.
- Location draws both local renters and short-term guests year-round thanks to nearby recreation and easy highway access.
This property is priced to move and presents a rare combination of current income, reduced immediate expense, and proven demand drivers. Contact me today to schedule a showing.
Location
State TN
County Campbell County - 37
Rooms
Other Rooms Mstr Bedroom Main Level
Interior
Heating Central, Other, Electric
Cooling Central Cooling, Ceiling Fan(s)
Flooring Vinyl, Tile
Window Features Windows - Insulated
Appliance Range, Refrigerator
Heat Source Central, Other, Electric
Exterior
Exterior Feature Windows - Vinyl
Parking Features On Premise Parking
Garage Description On Premise Parking
Roof Type Metal
Garage No
Building
Faces : I 75 exit 134 to Lafollette (approximately 9 miles). Property is on the right. SOP
Structure Type Vinyl Siding,Frame
Others
Tax ID 085K F 00300 000
Energy Description Electric
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional