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508 E Central AveLa Follette, TN 37766

Campbell County

$575,000List price
4,040Sq Ft
1930Year built
3 months agoOn market

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, 7-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: - Seven 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
Year built
1930
Living area
4,040 Sq Ft
Lot dimensions
100x150
Days on market
112
MLS® Listing#
3243729

Property Features

Cooling
Central Air · Ceiling Fan(s)
Heating
Central · Electric · Other
Flooring
Tile · Vinyl
Laundry
Washer Hookup · Electric Dryer Hookup
Construction
Frame · Vinyl Siding
Roof
Metal
Utilities
Electricity Available

Financial Details

Annual taxes
$2,715
Parcel number
085K F 00300 000

Directions

: I 75 exit 134 to Lafollette (approximately 9 miles). Property is on the right. SOP

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Listing Courtesy: United Real Estate Solutions - 8657248106

Based on information submitted to the MLS GRID as of 2026-06-16T00:00:00.000Z . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Last Updated: 2026-06-16T00:00:00.000Z

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