2180 Lakeview Rd, Lenoir City, TN 37772
- $359,999
- List Price
- $359,999
- MLS#
- 1348886
- Status
- ACTIVE
- Type
- Single Family Residential
- City
- Lenoir City
- County
- Loudon
- Year Built
- 1968
- DOM
- 7
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
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Additional Information
- Appliances
- Refrigerator, Range, Microwave, Self Cleaning Oven
- Construction
- Brick
- Cooling
- Central Air
- Exterior Features
- Windows - Vinyl
- Floors
- Laminate, Tile, Vinyl, Luxury Vinyl Plank
- Garage
- Carport
- Lot Dimensions
- 129 x 194
- Year Built
- 1968
- Heating
- Central, Forced Air, Electric
- Num Of Units
- 2
Mortgage Calculator
Agent: Benjamin Tanasov |
Office: Southland Realtors, Inc |