2180 Lakeview Rd
Lenoir City, TN 37772 · Loudon County
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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
Facts & features
Overview
- Type
- Residential Income
- Tax jurisdiction
- County (unincorporated)
- HOA
- None
- Year built
- 1968
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Parking
Listing details
- MLS #
- 1351588
- Status
- Active
- Days on market
- 11 days
Location
2180 Lakeview Rd, Lenoir City, TN 37772 Loudon County Open in MapsSimilar homes nearby
Listing courtesy of Southland Realtors, Inc. Listings courtesy of East Tennessee Realtors. Presented by Realty Executives Associates.
