508 E Central Ave, LaFollette, TN 37766
Campbell County - 37 County
Key Facts
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.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1930
Living Area
4,040 sq ft
Lot Dimensions
100x150
MLS® Listing#
1344805
Property Features
Interior
Appliances
Cooling
Heating
Flooring
Parking
Patio
Construction
Roof
Financial Details
Parcel Number
085K F 00300 000
Directions
: I 75 exit 134 to Lafollette (approximately 9 miles). Property is on the right. SOP
Affordability Calculator
$115,000
Estimated monthly payment
$3,060/mo
Principal $460,000 · Est. interest $641,741 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in LaFollette, TN
- $357,627
- Median Listing Price
- 79
- Median Days on Market
- 1,756
- Median Sq Ft
- $196
- Median Price / Sq Ft
- 129
- Active Listings
- This home’s price is 61% above the area median.
- Its price per sq ft is 27% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in LaFollette, TN.
Location
Points of Interest in LaFollette, TN
Showing the LaFollette area map.
Nearby Schools
Campbell County High School
Secondary · 0.3 mi away
Campbell Co Adult High School
Secondary · 0.6 mi away
Lafollette Middle School
Secondary · 0.9 mi away
Lafollette Elementary School
Elementary · 1.3 mi away
Campbell County Comprehensive High School
Secondary · 2.9 mi away
Christian Academy-Campbell County
School · 3.0 mi away
Jacksboro Elementary
Elementary · 5.3 mi away
Valley View Elementary School
Elementary · 5.4 mi away
Jacksboro Middle School
Secondary · 5.5 mi away
Wynn Habersham Elementary
Elementary · 8.2 mi away
Elk Valley Elementary
Elementary · 10.2 mi away
White Oak Elementary
Elementary · 11.3 mi away
Lake City Elementary
Elementary · 11.5 mi away
Anderson County Schools
School · 12.2 mi away
Lake City Middle School
Secondary · 12.2 mi away
Jellico Sda School
School · 12.8 mi away
Norris Elementary School
Elementary · 13.2 mi away
Jellico Elementary School
Elementary · 13.2 mi away
Norris Middle School
Elementary · 13.3 mi away
Jellico High School
Secondary · 13.4 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 416 Summitt Drive, LaFollette, TN | $419,900 | 5 | 3 | 3,296 |
| 2938 Cedar Creek Rd, LaFollette, TN | $425,000 | — | — | — |
| Deerwood Lane, LaFollette, TN | $425,000 | — | — | — |
| 195 N Deer Village Lane B, LaFollette, TN | $434,900 | 2 | 3 | 1,040 |
| 168 Church Rd, LaFollette, TN | $449,000 | 5 | 4 | 5,760 |
| 111 Colonial Hts, LaFollette, TN | $449,000 | 3 | 2 | 2,141 |
Moving Cost Estimate
EXIT Agents in LaFollette
Listing Courtesy: United Real Estate Solutions - 8654442400