508 E Central Ave, La Follette, TN

Name: 508 E Central Ave, For Sale in La Follette - Zoocasa
Brand: United Real Estate Solutions
SKU: 3243729
Price: 575000 USD

House

For Sale

Listed price in listed location currency (USD).

$575,000

000

MLS® 3243729

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 4040 sqft

Garage

Taxes $2,715

Days Active 0

Lot Size

Approx. Age 1930

Avg. Price Per Sqft $142

MLS® Number 3243729

Property Address: 508 E Central Ave, La Follette, TN, 37766-2559

Average square foot calculated using Size range provided by listing agent.

Description

Remodeled 7-Unit Opportunity -- Two-Building Complex in Prime Norris Lake Area 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.

MLS® Number3243729

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1930

Basement

Driveway

Garage Spaces

HeatCentral, Electric, Other

A/CCentral Air, Ceiling Fan(s)

Extras

Map

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