Lenoir City, TN 37772 · Loudon County
Listed today · MLS# 1344354
Home Facts
—
Beds
—
Baths
1,344
Sqft
—
Lot
About This Property
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 Details
Construction
brick
Heating
central, electric
Cooling
central air
Flooring
laminate, tile, vinyl
Appliances
refrigerator, range, microwave, self cleaning oven
Parking
carport
Market Snapshot
30-Yr Fixed Rate
6.52%
National avg · FRED / Freddie Mac
Est. Monthly Payment
$1,849
20% down · 30-yr fixed · principal & interest only
Location
2182 Lakeview Rd, Lenoir City, TN 37772
Lenoir City, TN 37772
35.80401, -84.23022
$272 per sqft
Schools
School information isn’t available for this listing right now.
Walkability
8
Walk
Almost All Errands Require a Car
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Transit
N/A
14
Bike
Minimal Biking Infrastructure