699 Indian River Boat Dock Rd, Jacksboro, TN 37757 (MLS# 1263760)

699 Indian River Boat Dock Rd, Jacksboro, TN 37757

$1,290,000
Property Type: Single Family Bedrooms: 9 Square Footage: 6,000 Lot Size (sq. ft.): 32,760 Status: Active
Current Price: $1,290,000 List Date: 5/25/2024 Last Modified: 5/27/2024

Description

Are you ready to elevate your Norris Lake investment portfolio? Look no further than this remarkable 6000 sq ft, 3 unit STR property; 4/3, 2/1 and 3/1. It is situated just steps away from beautiful Norris Lake, located across the street from a popular marina. This property isn't just a home—it's a lucrative business venture. Meticulously furnished, with newer a/c units and water heaters, and maintenance free metal roof. Boasting an impressive projected annual revenue with no off-season. Through short-term rentals, it's a haven for investors seeking substantial returns. With a saltwater pool and a hot tub, water and ATV enthusiasts will be enticed. Moreover, its unbeatable location, only 7 miles to the interstate positions it as the prime choice for vacationers. Best of all, escape the confines of HOAs and rental restrictions as this house is has none, optimizing your investment without compromise. Capture this exclusive chance to own nightly short-term rental to the lake and ATV trails and secure your path to unparalleled financial success. Buyer to verify all information. 10K Agent Bonus for accepted offer to be paid at closing!DSCR Loan has been approved. Ask list Agent for more details.

Supplements: This property is a solid investment opportunity with a proven track record of strong short-term-rental income. Utilizing a Debt Service Coverage Ratio (DSCR) loan, potential buyers can leverage the income generated over the past 12 months to effectively underwrite the loan. This ensures the investors can proceed with confidence, fully informed by property's historical financial performance. This approach allows for strategic financial decision, making this property an attractive option for those looking to invest in a reliable income source.

More Information MLS# 1263760

Location, Tax & Legal Info

House #: 699 Street Name: Indian River Boat Dock St Suffix: Rd State/Province: TN Zip Code: 37757 Property Sub-Type: Residential Area: Campbell County - 37 City/County Code: County PIN #: 102O A 059.00 Subdivision: Lakeshore Park Total Tax: 2344.28 Geo Lat: 36.336852 Geo Lon: -84.131897

Contract Info

Auction Y/N: No Listing Price: 1290000 Current Price: $1,290,000 Status: Active Listing Date: 2024-05-23 Cooperation Comp: 2 Compensation Type: % Occupancy: Either

General Property Description

Type: 1 1/2 Story Lot Dimensions: 105X404 IRR Lot Size SqFt: 32760 Acres: 0.75 Acre Source: Tax Records Site Built: Yes Restrictions: Yes SqFt - Total (Aprox): 6000 SqFt - Main Lvl: 4000 SqFt - Down Lvl: 1000 SqFt - 2nd Flr Lvl: 1000 # Bedrooms: 9 Baths - Full: 4 Baths - 1/2: 1 # of Rooms: 12 Fireplace: Yes # Fireplace: 1 Property Status: N/A HOA: No Year Built: 2004 Bonus Room: No

Remarks & Misc

Directions: Take Indian River Marina Rd towards the Marina dock onto Boat Dock Rd to 699 Indian River Boat Dock Road, will see pool/house on left. Public Remarks: Are you ready to elevate your Norris Lake investment portfolio? Look no further than this remarkable 6000 sq ft, 3 unit STR property; 4/3, 2/1 and 3/1. It is situated just steps away from beautiful Norris Lake, located across the street from a popular marina. This property isn't just a home—it's a lucrative business venture. Meticulously furnished, with newer a/c units and water heaters, and maintenance free metal roof. Boasting an impressive projected annual revenue with no off-season. Through short-term rentals, it's a haven for investors seeking substantial returns. With a saltwater pool and a hot tub, water and ATV enthusiasts will be enticed. Moreover, its unbeatable location, only 7 miles to the interstate positions it as the prime choice for vacationers. Best of all, escape the confines of HOAs and rental restrictions as this house is has none, optimizing your investment without compromise. Capture this exclusive chance to own nightly short-term rental to the lake and ATV trails and secure your path to unparalleled financial success. Buyer to verify all information. 10K Agent Bonus for accepted offer to be paid at closing!DSCR Loan has been approved. Ask list Agent for more details.

Status Change Info

Status Change Date: 2024-05-25

Property Features

Atchd/Dtchd Type: Detached Style: Traditional Construction: Frame Siding: Stucco; Vinyl Garage/Parking: Off-Street Parking; RV Garage Basement: Slab Lot Description: Corner Lot; Irregular Lot; Lake Access View: Lake Fireplace: Gas Floors: Hardwood; Tile Fuel: Electric; Propane Heat: Heat Pump Cooling: Ceiling Fan(s); Central Cooling Appliances: Dishwasher; Dryer; Gas Grill; Microwave; Range; Refrigerator; Washer Sewer: Septic Tank Water: Public Other Rooms: Family Room; Laundry/Utility; Split Bedroom Misc Features: Cathedral Ceiling; Hot Tub; Island in Kitchen; Walk-in Closets; Walk-in Shower; Washer/Dryer Connect; Wired for Internet Exterior Features: Deck; Fenced - Yard; Pool - Swim (Ingrnd); Porch - Covered; Porch - Enclosed; Windows - Vinyl Dining Area: Eat-in Kitchen Community Amenities: Boat Ramp; Exercise Room; Lake Access Showing: See Agent Instructns New Financing: Cash; Conventional; New Loan; Other
Listing Office: Crye-Leike Realtors South, Inc.
Office Phone: 865-938-7750
Last Updated: May - 27 - 2024
699 Indian River Boat Dock Rd, Jacksboro, TN 37757- MLS# 1263760
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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