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7050-7064 Armory Rd, Newport, 37821
Priced At: $385,000
Property Details for ID: 1239924
SqFt: 3,612
Price SqFt: $107
Total Bedrooms: ********
Full Baths: ******** / Half Baths: ********
MLS Status: Active
Property Type: MultiFamily
On Market Date: 2023-09-16T15:02:02Z
Subdivision: Al Hannon
Public Remarks: ATTENTION INVESTORS! Previous owner absolutely loved this property, but unfortunately was not able to realize her dreams of what she envisioned. All three units have long term tenants who also truly love their home! Find your favorite Agent and schedule your showing today! Fully leased triplex, each unit has two bedrooms and one bath. All units have long term tenants who are on a month to month lease. Rent was increased from $400/month to $800/month in August 2022. Tenants pay their own utilities, water is part of the electric bill. Each meter is separate with no owners panel. There is also seven large storage units and one small storage unit on the property, currently three are leased. Owner pays for lawn care and a security light on the property. Sitting on 1.83 acres, tons of potential! Unit 3 has all new LVP flooring throughout, new tile in the bathroom. Units 1 and 2 have new tile in the kitchen and bath. Unit 1 has a new tub/shower combo.
Schools Information
Sorry, school information is not available for this listing.Building Description
SqFt (Total): 3,612
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Directions
Take I-40 East to Exit 435, turn right on to Hwy 321, go 2.6 miles and turn left on Armory Road, go 0.3 miles property will be on your left. See sign.
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This is your Principal & Interest Payment only - you will still have to add HomeOwners Insurance and Taxes for a Total Monthly Payment. The Loan Amount Figure is based on a 20% down payment, Private Mortgage Insurance (PMI) is required with less than a 20% down payment. I can provide you with names of Mortgage Loan Officers that will provide you more details on your payment and total down payment requirements.
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Buying or Selling real estate should be fun and simple. With me, that's exactly what you can expect. I will strive to make each and every interaction a professional and pleasant experience!