104 Circle Rd - Multi-Family FOR SALE


Newport, TN 37821
$1,750,000 USD
423-839-3997
104 Circle Rd, Newport, TN for Sale
$1,750,000 USD
Multi-Family - FOR SALE
1/67
null | 7.15% Cap Rate

104 Circle Rd
Newport, TN 37821


HIGHLIGHTS

  • Campground in East TN with 9 RV pads
  • 8 rental properties with room to expand
  • Located close to the Smoky Mountains, Gatlinburg, Pigeon, Forge, Sevierville. One of the most visited areas in the entire country for tourism!

OVERVIEW

Unwind Acres - Turnkey Investment Opportunity in East TN with Multiple Income Streams! Investors, take note! Located at 104-116 Circle Rd in Newport, TN, Unwind Acres spans 4.1 unrestricted acres and includes a fully operational campground with 9 RV pads and eight income-producing rental units. Grossing over $150,000 in revenue over the past 12 months, this property is a cash-flowing powerhouse ready for its next owner. The campground offers a peaceful setting with RV/camper hook-ups and expansion potential. The 8 rental units include a mix of cabins, tiny homes, and a large modular home, all serviced by septic and city water with high-speed internet available. Each unit is currently rented, providing steady, diversified income. The possibilities with this property are almost endless to include weddings with your own private chapel. Just 30-45 minutes to Sevierville, Pigeon Forge, or Gatlinburg, and 15 minutes from white water rafting on the Pigeon Rive, this property is ideally located for both long-term and vacation rental traffic. With easy access to I-40 (10 minutes) and local amenities, Unwind Acres is perfectly positioned to attract tenants and travelers alike. Whether you're growing your portfolio or breaking into short-term rentals, this is a rare find with real numbers and serious potential. Call today to setup your private showing, this is one you don't want to miss out on!

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$88 USD /SF

# OF UNITS

17

PRICE/UNIT

$102,941

CAP RATE

7.15%

% LEASED

86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.1 AC

LAND SF

178,596 SF

ZONING

-

APN/PARCEL ID

083 038.00

ASK ABOUT THIS PROPERTY

Jamey SoutherlandKeller Williams PropertiesMore Info
423-839-3997

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Jamey SoutherlandKeller Williams PropertiesMore Info
423-839-3997

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.