Lake Home For Sale
**NORRIS LAKE Income Producing Property**This exceptional property package offers a unique opportunity to own four successful vacation rental properties just 100 yards from Indian River Marina on Norris Lake. Perfect for a 1031 exchange, this investment allows you to live in one unit while managing the others or rent all four for consistent income. Located in a tranquil yet convenient area, these properties are just 2 miles from the LaFollette/Jacksboro retail, restaurant, medical, and business district, offering easy access to local amenities while maintaining lakefront serenity.
Included in the sale are The Backyard Shed (#1382807), The Upper East Side Shed ( #2243485), The Corner Shed ( #2243371), and She's A Brick House ( #1709936). The Backyard Shed and The Corner Shed Cottage is 640 sq.ft. units with a comfortable living room/kitchen combo, queen bedroom, and high-quality sleeper sofa in the living area. A full-size bathroom and laundry room are accessed through the bedroom. The Upper East Side Shed is also 640 sq. ft. unit, offering the same layout but with additional space for guests to relax.
''She's A Brick House'' is a spacious 1,700 sq. ft. home featuring Four bedrooms, Four bathrooms, and a semi-finished basement that offers expansion potential. Ideal for families or larger groups, the home includes a fully equipped kitchen, a gas grill, and a gas fireplace for cooler months. The property also features large front and back porches with seating and beautifully landscaped Koi ponds.
This package also includes RV hookups and ample space for boat and trailer parking, providing versatility for outdoor enthusiasts. Whether hosting lake lovers with their boats or accommodating RV travelers, these properties cater to various needs.
The location is a major draw--just a short walk to Indian River Marina, offering pontoon rentals, live entertainment, and dining. Outdoor enthusiasts will appreciate access to ATV trails, hiking, and water sports in the nearby Cumberland Mountains, Ride Royal Blue, and Big South Fork. The LaFollette/Jacksboro district ensures convenience with shopping, dining, and medical services.
This is a one-of-a-kind opportunity for anyone looking to invest in the growing vacation rental market or seeking a peaceful lakeside lifestyle with built-in income. Don't miss your chance to own four successful vacation rental properties on one of the most desirable lakes in the region.
**Professional Photos coming as weather allows**
Property Details
- Beds: 7
- Baths: 7.0
- Sq Feet: 4044
- Year Built: 1975
- Location: Norris Lake
- Acres: 0.840
- Lakeview: Yes
- ViewTypes: Lake, Mountain
- County: Campbell- 37 County
- Community: Cherokee Heights
- Heat/AC: Central Furnace, Fireplace, Heat Pump
- Garage: RV
- Siding: Block, Brick, Frame
- Roof:
- Fireplaces: Has Fireplace
- Property Taxes: $2,028
- MLS #: 1295409
Location
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Ad Number : | 5984559 |
Viewed: | 4 times |
Added: | Apr 01, 2025 |
Updated on: | Apr 01, 2025 |
All information provided is deemed reliable but is not guaranteed and should be independently verified. |