BJ Can Help You Purchase This Unit

Thank you for choosing BJ Swinehart! As one of the Knoxville area's premier Real Estate Brokers, I am uniquely qualified to help you find the perfect property. On the lake, around town or out on a farm. Remember, BJ is here to help!

508 E Central Ave, LaFollette, 37766

Priced At: $575,000

Property Details for ID: 1344805



SqFt: 4,040
Price SqFt: $142
Total Bedrooms: ********
Full Baths: ******** / Half Baths: ********
MLS Status: Active
Property Type: MultiFamily
On Market Date: 2026-06-16T15:47:54Z

Public Remarks: 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.

Schools Information

Sorry, school information is not available for this listing.

Building Description

Year Built: 1930
SqFt (Total): 4,040
Sub-Type: Apartment
Sale Includes: Building Only, Negotiable, Some Furnishings
Unit Type(s): Efficiency Unit

  Exterior Features

Features: Deck, Windows - Insulated, Windows - Vinyl
Construction: Frame
Siding: Vinyl

  Appliances

Range, Refrigerator

  Room Dimensions

  Interior Features

Floors: Luxury Vinyl Plank, Tile, Vinyl
Other Rooms: Mstr Bdrm Main Level
Misc Features: Internet Available, WasherDryer Connect

  Property Details

Utilities

Fuel Types: Electric

Financing

Finance Options: Cash, Conventional

  HOA Information

Heating & Cooling

Cooling Type(s): Ceiling Fan(s), Central Cooling
Heat Type(s): Central, Other

Garage / Parking

On Premise Parking

  Community Features

Outbuildings


Presented By: / United Real Estate Solutions

Up Coming Open Houses

Sorry, no open houses are currently available for this listing.

Directions

: I 75 exit 134 to Lafollette (approximately 9 miles). Property is on the right. SOP



Your commute

( Departing today at 8:00am )


Near By Properties (click flag to view)

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Four Reasons to Use BJ Swinehart

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!

Skilled Negotiator

I have taken advanced course work and have acquired valuable negotiation skills to provide you with the best outcome.

Relocation Assistance

I can give you referrals to trusted loan officers, insurance agents, home inspectors, heat & air specialists, title companies and all service providers dealing with all things home.

Educated Advocate

Need educated advice and a strong advocate, I will provide advice based on years of experience and advanced education.

Full-Time Access

My buyers and sellers have my personal cell phone number and can reach me on a full-time basis.