Fully Rented Lenoir City Duplex

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30172768
Property Subtypes: Duplex/Fourplex
Status: Pending/Contingent
Number of Units: 2 Units
Building Size (RSF): 1,536 SF
Gross Building Area: See Agent
Gross Land Area: 23,087 SF
Sale Price: $119,500
Unit Price: $59,750 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.73%
Average Occupancy Rate: 100
Gross Rent Multiplier: 8.30
Last Updated: 5/23/2018

Overview / Comments

Price Reduced - Excellent Cash Flow - 8.7 Cap Rate - Rare Lenoir City Fully Rented Duplex. Well located and convenient these spacious one bedroom units have excellent amenities including 12' x 12' walk in closets, 15' x 25' main bedroom space, central heat/air, dishwashers, stoves & refrigerators. Additionally, owner provides a washer and dryer in each unit. Square footage is from from tax records, is not guaranteed and should be verified by buyer. No sign on the property. All showings by appointment. Please don't disturb the residents.
Directions: I-40 West to Lenoir City Exit. Left on Hwy 321, Right at first light on Adesa Blvd., Left on Old Hwy 95, Right on Harrison at light, .9 miles to Left on Norwood, Right on Johnson. Property is immediately on the left. No sign.

Additional Details

Nearest MSA: Knoxville
County: Loudon
Tax ID/APN: 020J A 004.00
Percent Occupied: 100%
Property Condition: Average
Number of Stories: 2
Year Built: 1986
Roof Type: Gable
Construction/Siding: Wood Siding
Parking Type: Surface
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,558 17,324 32,867
Median Age: 30.34 38.14 43.71
Households: 1,269 6,822 13,286
The information presented herein is provided as is, without warranty of any kind. Neither Knoxville Area Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.