LaFollette, TN 37766 · Campbell County
Listed today · MLS# 1344805
Home Facts
—
Beds
—
Baths
4,040
Sqft
—
Lot
About This Property
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.
Property Details
Construction
frame, vinyl siding
Heating
central, other, electric
Cooling
ceiling fan(s), central air
Flooring
tile, vinyl, luxury vinyl plank
Appliances
refrigerator, range
Exterior
windows - vinyl
Parking
on premise parking
Market Snapshot
30-Yr Fixed Rate
6.52%
National avg · FRED / Freddie Mac
Est. Monthly Payment
$2,914
20% down · 30-yr fixed · principal & interest only
Location
508 E Central Ave, LaFollette, TN 37766
LaFollette, TN 37766
36.38482, -84.11688
$142 per sqft
Schools
School information isn’t available for this listing right now.
Walkability
43
Walk
Car-Dependent
—
Transit
N/A
27
Bike
Some Biking