MULTI FAMILY WITH 3 UNITS IN LENOIR CITY

Multi-Family for Sale
Catylist Listing ID: 30820957
Number of Units: 3 Units
Building Size (RSF): 3,184 SF
Gross Building Area: See Agent
Gross Land Area: 7,125 SF
Sale Price: $239,900
Unit Price: $79,966.67 Per Unit
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Usable Size (USF): 3,184 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/28/2022

Overview / Comments

GREAT INVESTMENT OPPORTUNITY! Updates on front apt includes new metal roof, updated bathroom, new LVP in bath and kitchen, new carpet in remaining rooms, new sheetrock in kitchen and bath, fresh paint throughout, back apt has a completely remodeled bathroom, new sewage line, part of driveway and sidewallk has new concrete, new carpet in bedrooms, new wall unit for heat and air, detached smaller 1 bedroom house will need some updating. Easy to rent with reliable renters the entire time of ownership. No renters now, pick your own renters. Separate utilities, back apt and small house share a water meter. Zoned C-3

Additional Details

Nearest MSA: Knoxville
County: Loudon
Tax ID/APN: 053020NJ00800
Property Located Between: Hwy 11 & E St
Highway Access: Hwy 11
Airports: Knox Mcghee Tyson Airport is 30 mins from this property
Site Description: Small detached house is on this same parcel. Front house has been made into a duplex.
Area Description: Convenient location
Total Number of Buildings: 2
Property Condition: Fair
Number of Stories: 2
Year Built: 1930
Year Renovated: 2022
Construction/Siding: Wood Frame
Exterior Description: Level corner lot
Parking Ratio: 4 (per 1000 SF)
Parking Type: Surface
Parking Description: 2 off street parking with up to 3-4 on street parking
Total Parking Spaces: 4
Laundry: In Each Unit
Sprinklers: None
Heat Type: Other
Heat Source: Central, Other
Fuel: Gas, Electric
Air Conditioning: Other
Internet Access: Cable
Interior Description: Duplex is average and could be occupied in this condition, back house will need some work and does not have a washer/dryer hook up
Zoning Description: Zoned C3 Grocery stores, drug stores, barber and beauty shops, laundry and dry cleaning pick up stations, doctors and dentist offices, established for the convenience of the neighborhood.
Lot Frontage: 142
Lot Depth: 50
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: None
Land Ownership: Owned
Legal Description: PIN# 020N J 008.00

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,385 14,876 35,604
Median Age: 31.21 37.29 43.82
Households: 1,990 5,750 14,236

Contact

Photograph of Listing Agent

Tonya Bledsoe

Smoky Mountain Realty
KAAR CIE Member
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