508 E Central Ave, La Follette, TN 37766
- $575,000
- 4,040
- SqFt
- List Price
- $575,000
- MLS#
- 3243729
- Days on Market
- 89
- Property Type
- Multifamily
- Sqft. of Residence
- 4,040
- County
- Campbell County
- Status
- ACTIVE
Property 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.
/u.realgeeks.media/simerlyhomes/WGRE_logo-color-horizontal_sm.png){kind=logo}
Additional Information
- Construction Type
- Frame, Vinyl Siding
- Cooling System
- Central Air, Ceiling Fan(s)
- Floor Types
- Tile, Vinyl
- Heating System
- Central, Electric, Other
- Laundry
- Washer Hookup, Electric Dryer Hookup
- Living Area
- 4,040
- Lot Dimensions
- 100x150
- Lot Number
- 317&5&6
- Roofing Material
- Metal
- Tax Amount
- $2,715
- Year Built
- 1930
- Type
- Multifamily
Mortgage Calculator
Listing courtesy of United Real Estate Solutions.
Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.