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MLS#1348886
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Income-producing property with a 7% 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. buyer to verify
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Cooling
Fuel Type: Electric
Heating: Central, Forced Air, Electric
Lot Size: 129 x 194
Year Built: 1968
Amenities
Windows - Vinyl
Feature Descriptions
Appliances: Microwave, Range, Refrigerator, Self Cleaning Oven
Exterior: Brick
Flooring: Laminate, Vinyl, Tile
Lot Dimensions: 129 x 194
Parcel #: 021 05400 000
Parking: Carport
Security Features: Smoke Detector
Units: 2
Listed By / Shown By
Listed By
Agency Name: Southland Realtors, Inc
Shown By
Agent Name: Rodney Pratt
Agent Phone:
Agency Title: Franklin Realty Inc.
Estimate Your Payment
Estimated Payment
$ 2,312.18 per month $2,207.18 Principal & Interest $0.00 Property Tax (data not provided by mls) $105.00 Homeowner's Insurance
2180 Lakeview Rd | MLS# 1348886
This multi-family property located at 2180 Lakeview Rd, Lenoir City, TN 37772 is currently listed for sale with an asking price of $359,999. Search Lenoir City real estate on rpratt.franklinrealty.com today.