2180 Lakeview, Lenoir City, TN 37772
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Overview
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
Full feature list
Basic info
- Property type
- Multi-family
- Lot size (acres)
- 0.57
- Year built
- 1968
Utilities
- Heating
- Electric, Central, Forced Air
- Cooling
- Central Air
Public schools
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Sourced from: East Tennessee Realtors MLS®#: 1348886 Last checked: …
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