Are you ready to elevate your Norris Lake investment portfolio? Look no further than this remarkable 6000 sq ft, 3 unit STR property; 4/3, 2/1 and 3/1. It is situated just steps away from beautiful Norris Lake, located across the street from a popular marina. This property isn't just a home—it's a lucrative business venture. Meticulously furnished, with newer a/c units and water heaters, and maintenance free metal roof. Boasting an impressive projected annual income with no off-season. Through short-term rentals, it's a haven for investors seeking substantial returns. With a saltwater pool and a hot tub, water and ATV enthusiasts will be enticed. Moreover, its unbeatable location, only 7 miles to the interstate positions it as the prime choice for vacationers. Best of all, escape the confines of HOAs and rental restrictions as this house is has none, optimizing your investment without compromise. Capture this exclusive chance to own nightly short-term rental to the lake and ATV trails and secure your path to unparalleled financial success.
Buyer to verify all information.
DSCR Loan has been approved. Ask list Agent for more details. Listing agent has rental bookings also. This property is a solid investment opportunity with a proven track record of strong short-term-rental income. Utilizing a Debt Service Coverage Ratio (DSCR) loan, potential buyers can leverage the income generated over the past 12 months to effectively underwrite the loan. This ensures the investors can proceed with confidence, fully informed by property's historical financial performance. This approach allows for strategic financial decision, making this property an attractive option for those looking to invest in a reliable income source.
Sold for $1,051,000 on 11/08/24
$1,051,000
699 Indian River Boat Dock Rd, Jacksboro, TN 37757
9beds
6,000sqft
Single Family Residence
Built in 2004
0.75 Acres Lot
$1,060,900 Zestimate®
$175/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: November 12, 2024 at 10:37am
Listed by:
Kim Taylor-Smith 865-938-7750,
Crye-Leike Realtors South, Inc.
Bought with:
Angie Rhyne, 322142
Crye-Leike Realtors South, Inc.
Source: East Tennessee Realtors,MLS#: 1263760
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Heating
- Heat Pump, Propane, Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Features
- Walk-In Closet(s), Cathedral Ceiling(s), Kitchen Island, Eat-in Kitchen
- Flooring: Hardwood, Tile
- Windows: Windows - Vinyl
- Basement: Slab
- Number of fireplaces: 1
- Fireplace features: Gas
Interior area
- Total structure area: 6,000
- Total interior livable area: 6,000 sqft
Property
Parking
- Parking features: Off Street, RV Garage
- Has garage: Yes
Features
- Exterior features: Gas Grill
- Has private pool: Yes
- Pool features: In Ground
- Has view: Yes
- Has water view: Yes
- Waterfront features: Lake/Water Access
Lot
- Size: 0.75 Acres
- Dimensions: 105 x 404 IRR
- Features: Corner Lot, Irregular Lot
Details
- Parcel number: 102O A 059.00
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Stucco, Vinyl Siding, Frame
Condition
- Year built: 2004
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & neighborhood
Location
- Region: Jacksboro
- Subdivision: Lakeshore Park
Other
Other facts
- Listing terms: New Loan,Cash,Conventional