673 Reagan Valley Rd, Tellico Plains, TN 37385

$349,500
Property Type: Multi-Family Square Footage: 876 Status: Active
Current Price: $349,500 List Date: 11/21/2025 Last Modified: 12/08/2025

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 July/September 2026. Properties include 673 and 679 Reagan Valley Rd.

More Information MLS# 1322537

Location, Tax & Legal Info

Area: Monroe County - 33 City/County Code: County Elementary School: Tellico Plains Middle School: Tellico Plains Total Tax: 1089.94 High School: Tellico Plains

Contract Info

Auction Y/N: No Listing Price: 349500 Current Price: $349,500 Status: Active Listing Date: 2025-11-20

General Property Description

Lot Dimensions: irr # Units Leased: 2 Property Status: N/A Driveway: Shared Lease Information: Both properties are leased; through August and September of 2026. SqFt - Total (Aprox): 876 Number of Units: 2 Year Built: 2020

Remarks & Misc

Directions: From Hardees in Tellico Plains head north on highway 68 5 miles turn right on Reagan Valley 1.2 miles turn left at mailboxes 673/679 Public Remarks: 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 July/September 2026. Properties include 673 and 679 Reagan Valley Rd.

Income/Expenses

Gross Annual Income: 29400

Property Sub-Type

Other: 1

Construction

Frame: 1

Type of Units

1 Bedroom Unit: 1 2 Bedroom Unit: 1

Siding

Vinyl: 1

Sale Includes

Building and Land: 1 Other: 1

Miscellaneous

Storage Space: 1 Washer/Dryer Cnctns: 1

Cooling

Ceiling Fan(s): 1 Central Cooling: 1

Floors

Luxury Vinyl Plank: 1

Garage/Parking

Carport: 1 Off-Street Parking: 1 On Premise Parking: 1

Tenant Expenses

Tenant Pays No Util: 1

Owner Expenses

Electricity: 1 Exterior Maintenance: 1 Taxes: 1 Water: 1

Fuel

Electric: 1

Heat

Central: 1

Appliances

Dryer: 1 Refrigerator: 1 Self Cleaning Oven: 1 Smoke Detector: 1 Washer: 1

Other Rooms

Addl Living Quarter: 1 Bedroom Main Level: 1 Mstr Bdrm Main Level: 1 Rec Room: 1

Roof

Metal: 1

Exterior Features

Barn: 1 Deck: 1 Detached Workshop: 1 Patio: 1 Porch - Covered: 1 Shed: 1

New Financing

Cash: 1 New Loan: 1 Other: 1

Showing

See Agent Instructns: 1

Location Tax Legal Info

House #: 673 Street Name: Reagan Valley St Suffix: Rd State/Province: TN Zip Code: 37385 PIN #: 115 024.00 Geo Lat: 35.420114 Geo Lon: -84.338624

Status Change Info

Status Change Date: 2025-11-21

Property Features

Property Sub-Type: Other Type of Units: 1 Bedroom Unit; 2 Bedroom Unit Sale Includes: Building and Land; Other Floors: Luxury Vinyl Plank Tenant Expenses: Tenant Pays No Util Owner Expenses: Electricity; Exterior Maintenance; Taxes; Water Fuel: Electric Heat: Central Cooling: Ceiling Fan(s); Central Cooling Appliances: Dryer; Refrigerator; Self Cleaning Oven; Smoke Detector; Washer Construction: Frame Roof: Metal Siding: Vinyl Exterior Features: Barn; Deck; Detached Workshop; Patio; Porch - Covered; Shed Other Rooms: Addl Living Quarter; Bedroom Main Level; Mstr Bdrm Main Level; Rec Room Miscellaneous: Storage Space; Washer/Dryer Cnctns New Financing: Cash; New Loan; Other Showing: See Agent Instructns
Listing Office: Honors Real Estate Services LLC
IDX
Office Phone: 865-238-0002
Last Updated: December - 08 - 2025
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.