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355/359 County Road 475 , Etowah, TN 37331

$1,500,000
  • 355/359 County Road 475 , Etowah, TN 37331 Main Photo

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New to the Market Active
BEDS0 BATHS SQUARE FEET12,796 MLS#1349485
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

Exceptional Multi-Family Investment Opportunity | 24.25+ Acres | Multiple IncomeStreams | Event Venue PotentialRare opportunity to own a one-of-a-kind income-producing property situated on approximately24.25+ acres across two parcels in the beautiful mountains of East Tennessee. Combiningestablished rental income, event space, and room for future expansion, this versatile propertyoffers 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 communitylaundry 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-likeatmosphere that enhances its appeal for both residents and guests. Existing improvementsprovide multiple income streams while offering opportunities for future development, subject tolocal 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 CherokeeNational Forest, the property is surrounded by year-round recreation including hiking, troutfishing, kayaking, rafting, camping, horseback riding, and scenic mountain drives--making it anattractive destination for visitors and tenants alike.Properties offering this combination of acreage, multiple residential buildings, established rentalincome, event facilities, and natural beauty are rarely available. Whether you're expanding yourinvestment portfolio, creating a hospitality destination, or seeking a unique property with multiplerevenue opportunities, this exceptional offering is ready for its next chapter. Property Featuresà? Approximately 24.25+ acres (two parcels)à? Two single-family homesà? Income-producing triplexà? Income-producing quadplexà? Community laundry roomà? Lower-level event hallà? Outdoor pavilionà? Amphitheaterà? Creek along rear of propertyà? Mountain settingà? Multiple income streamsà? Expansion potential (subject to applicable approvals)

355/359 County Road 475 | MLS# 1349485

This multi-family property located at 355/359 County Road 475 , Etowah, TN 37331 is currently listed for sale with an asking price of $1,500,000. Search Etowah real estate on mhale.franklinrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Cooling
Fuel Type: Electric
Heating: Central, Electric
Lot Size: 24.25 ac
Year Built: 1995

Amenities

Windows - Vinyl
Barn
Balcony

Feature Descriptions

Appliances: None
Exterior: Vinyl Siding, Brick, Frame
Flooring: Laminate, Hardwood, Tile
Lot Dimensions: 24.25 ac
Parcel #: 118 034.02 118 034.00
Parking: On Premise Parking, Carport, Detached
SQFT Total: 12796
Units: 9

Local Schools

High School: Central
Middle School: Mountain View
Elementary School: Mountain View

Listed By / Shown By

Listed By

Agency Name: East Tennessee Properties, LLC

Shown By

Agent Name: Melinda Hale
Agent Phone:
Agency Title: Franklin Realty Inc.

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Estimated Payment

$ 9,634.09 per month $9,196.59 Principal & Interest $0.00 Property Tax (data not provided by mls) $437.50 Homeowner's Insurance

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