$650,000
$674,900
3.7%For more information regarding the value of a property, please contact us for a free consultation.
3604 Mountain Creek WAY Cosby, TN 37722
2,181 SqFt
Key Details
Sold Price $650,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,181 sqft
Price per Sqft $298
MLS Listing ID 1240059
Sold Date 10/10/23
Originating Board East Tennessee REALTORS® MLS
Year Built 1998
Lot Dimensions Not noted
Property Description
Looking for a great nightly rental opportunity? This Property is currently listed on Airbnb and has grossed $55,885.64 as of the end of August for 2023 (it grossed $88,870.68 in 9 months in 2022). This property host 3 - one bedroom units on 1.63 level acres with 300 ft. of creek frontage and seasonal mountain views. All units are one level, private and all with beautiful views of Cosby creek. There is also room for expansion. 2 car garage could be converted to 4th unit and there is still space on right side of property to build a tiny house or add an RV. New 2nd driveway added in 2022. New Exterior paint and stain. Unit 1 has a queen bed, sleeper sofa, new kitchen, new flooring in LR, 2 gas fireplaces, screened porch and new hot tub. Unit 2 is a Studio with King bed, vaulted ceilings, stunning kitchen, with double ovens, gas range, quartz counter tops, wood burning fireplace, covered porch and new hot tub. Unit 1 and 2 can also adjoin to make a larger unit. Unit 3 has King bed and queen sleeper sofa, sunroom and large bedroom with new kitchen and luxury bath w soaker tub. New HVAC system in all 3 units and new interior paint throughout. To top it all off, you are on rushing Cosby Creek at one of it's deepest points. No flood insurance required. Sold furnished with existing reservations. There are so many options with this property, you could even live in one unit and rent the other two. Easy access off of 321N, near popular Carver's Orchard within 30 mins of Gatlinburg or 40 mins to Hot Springs, NC. Buyer to honor existing reservations with current mtg co. DO NOT ENTER PROPERTY WITHOUT AGENT Owner/agent
Location
State TN
County Cocke County - 39
Rooms
Other Rooms Bedroom Main Level, Mstr Bedroom Main Level
Interior
Interior Features Cathedral Ceiling(s), Walk-In Closet(s)
Heating Central, Propane, Zoned, Electric
Cooling Central Cooling, Zoned
Flooring Laminate, Hardwood, Carpet, Tile
Furnishings true
Window Features Drapes
Appliance Dishwasher, Dryer, Washer, Tankless Wtr Htr, Smoke Detector, Self Cleaning Oven, Refrigerator, Microwave
Heat Source Central, Propane, Zoned, Electric
Exterior
Exterior Feature Windows - Vinyl, Detached Workshop, Porch - Covered, Porch - Screened, Deck, Fence - Privacy
Parking Features On Premise Parking, Attached, Carport, Garage Door Opener
Garage Spaces 2.0
Garage Description Attached, Garage Door Opener, Carport, On Premise Parking, Attached
Roof Type Metal
Total Parking Spaces 2
Garage Yes
Building
Faces From Newport go towards Cosby on Hwy 321 N to a right on Limestone Way. Turn right to go across the bridge and turn right onto Mountain Creek Way. Where the two roads fork stay to the right. Follow to home on right. See sign.
Structure Type Frame,Other
Others
Restrictions No
Tax ID 102 066.22
Energy Description Electric, Propane
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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