673 Reagan Valley Rd new Save Request In-Person Tour Request Virtual Tour
Tellico Plains,TN 37385
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 876 sqft
Price per Sqft $398
MLS Listing ID 1322533
Style Cabin,Traditional
Bedrooms 2
Full Baths 2
Year Built 2020
Lot Size 8.000 Acres
Property Sub-Type Single Family Residence
Property Description
Investors, this one checks all the boxes. TWO INCOME PRODUCING HOMES on eight private unrestricted acres with valuable extras including a large 2 story barn, workshop building, storage building with chicken coop, and a one-room hunting cabin overlooking the creek.
Both homes are currently leased, providing instant income and stability. Both homes are occupied by long-term tenants with the main home offering three bedrooms and two full bathrooms, and the second home offering two bedrooms and one full bathroom. Keep the leases in place for hands-off cash flow, and explore future options like short-term rental, extended family housing, or owner-occupancy with a built-in income stream.
Outdoor improvements add even more value. The barn and workshop are ideal for equipment, vehicles, or additional income through storage or hobby use. The rustic one-room cabin near the creek could become an extra income stream with a little vision.
Private acreage, multiple revenue sources, and strong upside potential... all in one solid investment.
Current lease/cash flow information available by request. Property transfers with leases in place through August/September 2026.
Properties include 673 and 679 Reagan Valley Rd.
Location
State TN
County Monroe County - 33
Area 8.0
Rooms
Other Rooms Workshop, Addl Living Quarter, Bedroom Main Level, Extra Storage, Mstr Bedroom Main Level
Interior
Heating Central,Electric
Cooling Central Cooling,Ceiling Fan(s)
Flooring Vinyl
Fireplaces Type None
Exterior
Exterior Feature Deck, Porch - Covered
Parking Features Off-Street Parking,RV Parking,Main Level
Garage Description RV Parking, Main Level, Off-Street Parking
View Country Setting,Wooded
Building
Lot Description Creek,Private,Wooded,Irregular Lot,Level,Rolling Slope
Sewer Septic Tank
Water Public
Structure Type Other,Vinyl Siding,Wood Siding,Frame
Schools
Elementary Schools Tellico Plains
Middle Schools Tellico Plains
High Schools Tellico Plains
Others
Acceptable Financing New Loan,Cash,Conventional
Listing Terms New Loan,Cash,Conventional