TN
McMinn County - 40
Etowah
37331
355/359 County Road 475
355/359 County Road 475, Etowah, TN 37331
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Listing Type
Multi Family
Listing Status
Active
59
$1,500,000

Home Details for 355/359 County Road 475

Price
$1,500,000
Type
Residential Income
Year built
1995
County
McMinn County - 40
MLS Listing#
1349485
Property Description

Exceptional Multi-Family Investment Opportunity | 24.25± Acres | Multiple Income Streams | Event Venue Potential Rare opportunity to own a one-of-a-kind income-producing property situated on approximately 24.25± acres across two parcels in the beautiful mountains of East Tennessee. Combining established rental income, event space, and room for future expansion, this versatile property offers 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 community laundry 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-like atmosphere that enhances its appeal for both residents and guests. Existing improvements provide multiple income streams while offering opportunities for future development, subject to local 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 Cherokee National Forest, the property is surrounded by year-round recreation including hiking, trout fishing, kayaking, rafting, camping, horseback riding, and scenic mountain drives--making it an attractive destination for visitors and tenants alike. Properties offering this combination of acreage, multiple residential buildings, established rental income, event facilities, and natural beauty are rarely available. Whether you're expanding your investment portfolio, creating a hospitality destination, or seeking a unique property with multiple revenue opportunities, this exceptional offering is ready for its next chapter. Property Features Ï Approximately 24.25± acres (two parcels) Ï Two single-family homes Ï Income-producing triplex Ï Income-producing quadplex Ï Community laundry room Ï Lower-level event hall Ï Outdoor pavilion Ï Amphitheater Ï Creek along rear of property Ï Mountain setting Ï Multiple income streams Ï Expansion potential (subject to applicable approvals)

Property Features
  • Parking
    • Carport
    • Detached
    • On Site
  • Heating Information
    • Central
    • Electric
  • Cooling Information
    • Central Air
School Information
School Information for 355/359 County Road 475, Etowah, TN 37331
Elementary School
Mountain View
Middle School
Mountain View
High School
Central
Listing Courtesy: East Tennessee Properties, LLC - 423-453-5722
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EXIT REALTY PROS
9821 Cogdill Rd. Suite 1A, Knoxville, TN 37932
Office
865 383 3948
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