12,796 SqFt
12,796 SqFt
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 12,796 sqft
Price per Sqft $117
MLS Listing ID 20263888
Style Ranch,Other
Full Baths 15
Half Baths 1
Construction Status Functional
HOA Y/N No
Abv Grd Liv Area 11,620
Year Built 1995
Annual Tax Amount $4,467
Property Sub-Type Mixed Use
Source River Counties Association of REALTORS®
Property Description
Streams | Event Venue Potential
Rare opportunity to own a one-of-a-kind income-producing property situated on approximately
24.25± acres across two parcels in the beautiful mountains of East Tennessee. Combining
established rental income, event space, and room for future expansion, this versatile property
offers endless possibilities for investors and entrepreneurs alike.
The property includes two single-family homes, an income-producing triplex (built in 1992),
and an income-producing quadplex (built in 1995). The quadplex also features a community
laundry room and a spacious lower-level event hall suitable for private gatherings, meetings,
receptions, or special events. Additional improvements include an outdoor pavilion,
amphitheater, and a peaceful creek bordering the rear of the property.
The scenic setting offers mature trees, open green space, mountain views, and a retreat-like
atmosphere that enhances its appeal for both residents and guests. Existing improvements
provide multiple income streams while offering opportunities for future development, subject to
local zoning and applicable approvals.
Potential uses include short-term rentals, boutique lodging, destination weddings, retreat center,
corporate or nonprofit campus, wellness or educational retreat, agritourism, vineyard or winery,
long-term rental investment, multi-generational living, or organizational housing.
Conveniently located near some of East Tennessee's most sought-after outdoor destinations,
including Starr Mountain, the Tellico River, Hiwassee River, Ocoee River, and the Cherokee
National Forest, the property is surrounded by year-round recreation including hiking, trout
fishing, kayaking, rafting, camping, horseback riding, and scenic mountain drives--making it an
attractive destination for visitors and tenants alike.
Properties offering this combination of acreage, multiple residential buildings, established Exceptional Multi-Family Investment Opportunity | 24.25± Acres | Multiple Income
Streams | Event Venue Potential
Rare opportunity to own a one-of-a-kind income-producing property situated on approximately
24.25± acres across two parcels in the beautiful mountains of East Tennessee. Combining
established rental income, event space, and room for future expansion, this versatile property
offers endless possibilities for investors and entrepreneurs alike.
The property includes two single-family homes, an income-producing triplex (built in 1992),
and an income-producing quadplex (built in 1995). The quadplex also features a community
laundry room and a spacious lower-level event hall suitable for private gatherings, meetings,
receptions, or special events. Additional improvements include an outdoor pavilion,
amphitheater, and a peaceful creek bordering the rear of the property.
The scenic setting offers mature trees, open green space, mountain views, and a retreat-like
atmosphere that enhances its appeal for both residents and guests. Existing improvements
provide multiple income streams while offering opportunities for future development, subject to
local zoning and applicable approvals.
Potential uses include short-term rentals, boutique lodging, destination weddings, retreat center,
corporate or nonprofit campus, wellness or educational retreat, agritourism, vineyard or winery,
long-term rental investment, multi-generational living, or organizational housing.
Conveniently located near some of East Tennessee's most sought-after outdoor destinations,
including Starr Mountain, the Tellico River, Hiwassee River, Ocoee River, and the Cherokee
National Forest, the property is surrounded by year-round recreation including hiking, trout
fishing, kayaking, rafting, camping, horseback riding, and scenic mountain drives--making it an
attractive destination for visitors and tenants alike.
Properties offering this combination of acreage, multiple residential buildings, established rental
income, event facilities, and natural beauty are rarely available. Whether you're expanding your
investment portfolio, creating a hospitality destination, or seeking a unique property with multiple revenue opportunities, this exceptional offering is ready for its next chapter.
Property Features
Ï Approximately 24.25± acres (two parcels)
Ï Two single-family homes
Ï Income-producing triplex
Ï Income-producing quadplex
Ï Community laundry room
Ï Lower-level event hall
Ï Outdoor pavilion
Ï Amphitheater
Ï Creek along rear of property
Ï Mountain setting
Ï Multiple income streams
Ï Expansion potential (subject to applicable approvals)
Location
State TN
County Mcminn
Direction From the Athens Office - 521 Congress Parkway S (US-11) Head southwest on Congress Parkway S/US-11 for about 1 mile. Turn right onto TN30 W (Decatur Pike) toward Etowah. Continue on TN-30 W for approximately 14 miles. As you approach Etowah, turn left onto TN-310 (Mecca Pike). Follow Mecca Pike for about 2 miles. Turn left onto County Road 475. Continue on County Road 475 for roughly roughly half a mile, the property will be on the left. Estimated travel time: 30-35 minutes
Body of Water Tennessee, Tellico, Hiwassee
Rooms
Basement Finished
Interior
Interior Features See Remarks, Eat-in Kitchen
Heating Central
Cooling Central Air
Flooring Hardwood, Laminate, Tile
Window Features Vinyl Frames,Aluminum Frames
Appliance None
Laundry Multiple Locations
Exterior
Exterior Feature Balcony
Parking Features Paved, Parking Lot, Concrete
Garage Spaces 2.0
Garage Description 2.0
Community Features None
Utilities Available Water Available, Phone Available, Electricity Available
View Y/N true
View Trees/Woods, Mountain(s), Creek/Stream
Roof Type Metal
Porch Covered, Enclosed, Front Porch, Patio, Porch, Rear Porch, Screened, Terrace
Building
Lot Description Rural, Creek/Stream, Wooded, Sloped, Secluded, Pasture, Level
Dwelling Type See Remarks,Triplex,Quadruplex,Office,Multi Family,Mixed Use,House
Entry Level Two,One
Foundation Block
Sewer Septic Tank
Water Public
Architectural Style Ranch, Other
New Construction No
Construction Status Functional
Schools
Elementary Schools Mountain View
Middle Schools Etowah City
High Schools Mcminn Central
Others
Tax ID 118 034.00 118 034.02
Miscellaneous Exceptional Multi-Family Investment Opportunity | 24.25± Acres | Multiple Income Streams | Event Venue Potential Rare opportunity to own a one-of-a-kind income-producing property situated on approximately 24.25± acres across two parcels in the beautiful mountains of East Tennessee. Combining established rental income, event space, and room for future expansion, this versatile property offers endless possibilities for investors and entrepreneurs alike. The property includes two single-family homes, an income-producing triplex (built in 1992), and an income-producing quadplex (built in 1995). The quadplex also features a community laundry room and a spacious lower-level event hall suitable for private gatherings, meetings, receptions, or special events. Additional improvements include an outdoor pavilion, amphitheater, and a peaceful creek bordering the rear of the property. The scenic setting offers mature trees, open green space, mountain views, and a retreat-like atmosphere that enhances its appeal for both residents and guests. Existing improvements provide multiple income streams while offering opportunities for future development, subject to local zoning and applicable approvals. Potential uses include short-term rentals, boutique lodging, destination weddings, retreat center, corporate or nonprofit campus, wellness or educational retreat, agritourism, vineyard or winery, long-term rental investment, multi-generational living, or organizational housing. Conveniently located near some of East Tennessee's most sought-after outdoor destinations, including Starr Mountain, the Tellico River, Hiwassee River, Ocoee River, and the Cherokee National Forest, the property is surrounded by year-round recreation including hiking, trout fishing, kayaking, rafting, camping, horseback riding, and scenic mountain drives--making it an attractive destination for visitors and tenants alike. Properties offering this combination of acreage, multiple residential buildings, established
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition Standard
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
7121 Regal Ln, Suite 215, Knoxville, Tennessee 37918, USA