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About This Home
This 4-bedroom, 0-bathroom residential multi family at 2182 Lakeview Rd in Lenoir City, TN is listed for $389,999 ($290 per sqft). Built in 1968, the home offers 1,344 sqft of living space on a N/A lot.
Income-producing property with a 6% 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.
Key Features
- Built in 1968
Property Details
Amenities
Monthly Cost Estimate
$2,086/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2182 Lakeview Rd
Lenoir City, TN 37772
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 4-bedroom, 0-bathroom residential multi family at 2182 Lakeview Rd is listed at $389,999 ($290/sqft). The estimated monthly payment is $1,690 based on 20% down at 6.5% interest.
Key features include: Built in 1968. Exterior Features: Windows - Vinyl.
This property is listed by Benjamin Tanasov and can be reached at 8656046920 or knox1realty@gmail.com.