BEDS0
BATHS
SQUARE FEET1,344
MLS#1342404
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, Electric
Lot Size: 129 x 194
Year Built: 1968
Feature Descriptions
Appliances: Microwave, Range, Refrigerator, Self Cleaning Oven
Exterior: Brick
Flooring: Laminate, Vinyl, Tile
Lot Dimensions: 129 x 194
Parcel #: 021 054.00
Parking: Carport
Security Features: Smoke Detector
SQFT Total: 1344
Units: 2
Listed By / Shown By
Listed By
Agency Name: Southland Realtors, Inc
Shown By
Agent Name: David "Moose" Collins
Agent Phone: (865) 690-1300
Agency Title: Ferguson Realtors
Estimate Your Payment
Estimated Payment
$ 2,005.58 per month $1,896.20 Principal & Interest $0.00 Property Tax (data not provided by mls) $109.38 Homeowner's Insurance
2182 Lakeview Rd | MLS# 1342404
This multi-family property located at 2182 Lakeview Rd, Lenoir City, TN 37772 is currently listed for sale with an asking price of $375,000. Search Lenoir City real estate on moose.fergusonrealtors.com today.