Lenoir City, TN 37772 · Loudon County
9 days on market · MLS# 1348886
Home Facts
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Beds
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Baths
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Sqft
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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, forced air, electric
Cooling
central air
Flooring
laminate, tile, vinyl, luxury vinyl plank
Appliances
refrigerator, range, microwave, self cleaning oven
Exterior
windows - vinyl
Parking
carport
Market Snapshot
30-Yr Fixed Rate
6.58%
National avg · FRED / Freddie Mac
Est. Monthly Payment
$2,046
20% down · 30-yr fixed
$1,836P&I · $72 taxes
Location
Similar Homes Nearby
Walkability
8
Walk
Almost All Errands Require a Car
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Transit
N/A
14
Bike
Minimal Biking Infrastructure
