BEDS0
BATHS
SQUARE FEET1,344
MLS#1335368
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
NEIGHBORHOODLoudon County - 32
Property Description
Income-producing property with a 6% cap rate at current rents. Potential exists to improve returns with future rent adjustments; increasing the second unit to approximately $1,500/month could bring the cap rate closer to 7%. Buyer to verify all income, expenses, and projections. Brick duplex in a great Lenoir City location just off Martel Rd. Fully rented with a newer metal roof and covered carports for each unit. Each 2-bedroom unit features central HVAC, washer/dryer connections, and tenants pay all utilities including water. Unit 1 renovated approx. 3 years ago; property updates approx. 10 years ago include kitchens, flooring, roof, and windows. Located approx. 1 mile from Lenoir City Park with dog park, playgrounds, boat launch, and minutes to Loudon Marina and Calhoun's. Strong investment opportunity.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Cooling
Fuel Type: Electric
Heating: Central, Electric
Lot Size: 129 x 194
Year Built: 1968
Amenities
Windows - Vinyl
Feature Descriptions
Appliances: Microwave, Range, Refrigerator
Exterior: Brick, Frame
Flooring: Laminate, Brick, Vinyl, Tile
Lot Dimensions: 129 x 194
Parcel #: 021 05400 000
Parking: Carport
Security Features: Smoke Detector
SQFT Total: 1344
Units: 2
Listed By / Shown By
Listed By
Agency Name: Southland Realtors, Inc
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: East Tennessee REALTORS
Estimate Your Payment
Estimated Payment
$ 996.82 per month $881.32 Principal & Interest $0.00 Property Tax (data not provided by mls) $115.50 Homeowner's InsuranceChange Payment Information
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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2182 Lakeview Rd | MLS# 1335368
This multi-family property located at 2182 Lakeview Rd, Lenoir City, TN 37772 is currently listed for sale with an asking price of $395,999. Search Loudon County - 32 real estate on online.fusion2b.com today.