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
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