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About This Home
This 0-bedroom, 0-bathroom residential multi family at 508 E Central Ave in Lafollette, TN is listed for $575,000 ($142 per sqft). Built in 1930, the home offers 4,040 sqft of living space on a N/A lot.
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.
Key Features
- Built in 1930
Property Details
Amenities
Monthly Cost Estimate
$3,075/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
508 E Central Ave
Lafollette, TN 37766
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Heating
Cooling
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 508 E Central Ave is listed at $575,000 ($142/sqft). The estimated monthly payment is $2,492 based on 20% down at 6.5% interest.
Key features include: Built in 1930. Exterior Features: Windows - Vinyl.
This property is listed by Mark Hunter and can be reached at 8657248106 or markhuntertnrealtor@gmail.com.


