2180 Lakeview Rd, Lenoir City, TN 37772
2180 Lakeview Rd, Lenoir City, TN 37772
2180 Lakeview Rd, Lenoir City, TN 37772
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$349,000
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2180 Lakeview Rd Lenoir City, TN 37772

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Ken Herod

Ken Herod

+1(865) 585-7780

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1351588

Year Built 1968

Lot Dimensions 129 x 194

Source East Tennessee REALTORS® MLS

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

Location

State TN

County Loudon County - 32

Rooms

Other Rooms Mstr Bedroom Main Level

Interior

Heating Central, Forced Air, Electric

Cooling Central Cooling

Flooring Laminate, Vinyl, Tile

Appliance Microwave, Range, Refrigerator, Self Cleaning Oven

Heat Source Central, Forced Air, Electric

Exterior

Exterior Feature Windows - Vinyl

Parking Features Carport

Garage Description Carport

Roof Type Metal

Garage No

Building

Faces Take Northshore Dr to left (South) on Beals Chapel. Take the first right onto Lakeview Rd. Duplex is approx. 1.1 miles on the left (just after the hard right curve).

Structure Type Brick

Others

Tax ID 021 054.00

Security Features Smoke Detector

Energy Description Electric

Acceptable Financing USDA Loan, VA Loan, New Loan, FHA, Cash, Conventional

Listing Terms USDA Loan, VA Loan, New Loan, FHA, Cash, Conventional

Listed by Southland Realtors, Inc

NEARBY

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EXIT Tennessee Realty Pros

EXIT Tennessee Realty Pros

+1(865) 429-2800

License ID: 261589 Tennessee

License ID: 261589 Tennessee

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2180 Lakeview Rd